Download PDF
Garanti BBVA Enhances Security Infrastructure with CyberArk
Technology Category
- Application Infrastructure & Middleware - Event-Driven Application
- Infrastructure as a Service (IaaS) - Private Cloud
Applicable Industries
- Finance & Insurance
- National Security & Defense
Applicable Functions
- Product Research & Development
- Quality Assurance
Use Cases
- Construction Management
- Tamper Detection
Services
- Cloud Planning, Design & Implementation Services
- Cybersecurity Services
The Challenge
Garanti BBVA, Turkey’s second-largest private bank, faced a significant challenge in securing its privileged accounts and identities used in its DevOps and cloud environments. With a broad attack surface due to its extensive business lines and 18,000 employees, the bank needed to protect against the theft of privileged credentials. The bank also had to ensure compliance with stringent data security regulations within both the Turkish and global financial sectors. As one of the pioneers of internet banking in Turkey, Garanti BBVA was pushing forward its digital transformation journey, which increased its in-house development operations (DevOps) to improve application and service delivery. This transformation resulted in a need for more robust security tools.
About The Customer
Garanti BBVA is Turkey’s most valuable bank and the second-largest private bank in asset value. It provides a wide range of financial services to more than 20 million customers with 18,000 employees through an extensive distribution network of 863 domestic and seven international branches. The bank offers omnichannel services with a seamless experience across all channels including ATMs, an award-winning call center, internet, mobile and social banking platforms, all built on a cutting-edge technological infrastructure. As one of the pioneers of internet banking in Turkey, Garanti BBVA continues to push forward its digital transformation journey.
The Solution
To build the most efficient defense against attacks, Garanti BBVA partnered with CyberArk, a leading technology provider in the security field. CyberArk's C3 Alliance Partners, a network of more than 200 certified providers of enterprise software, infrastructure, and security solutions, allowed Garanti BBVA to seamlessly integrate third-party tools and solutions with CyberArk to build a best-of-breed security infrastructure. Initially, CyberArk was used to manage privileged accounts and later expanded to include application and cloud application security. CyberArk products were used throughout Garanti BBVA’s IT infrastructure, which is mainly on-premises along with a private cloud environment for DevOps. CyberArk helped defend against attacks such as privileged account takeover and isolated lateral movement threats. By enforcing least privilege access for administrators, it made security processes more efficient and productive. CyberArk secrets management capabilities were embedded early in the development process, reducing costs and creating a more secure and robust application.
Operational Impact
Quantitative Benefit
Related Case Studies.
Case Study
Real-time In-vehicle Monitoring
The telematic solution provides this vital premium-adjusting information. The solution also helps detect and deter vehicle or trailer theft – as soon as a theft occurs, monitoring personnel can alert the appropriate authorities, providing an exact location.“With more and more insurance companies and major fleet operators interested in monitoring driver behaviour on the grounds of road safety, efficient logistics and costs, the market for this type of device and associated e-business services is growing rapidly within Italy and the rest of Europe,” says Franco.“The insurance companies are especially interested in the pay-per-use and pay-as-you-drive applications while other organisations employ the technology for road user charging.”“One million vehicles in Italy currently carry such devices and forecasts indicate that the European market will increase tenfold by 2014.However, for our technology to work effectively, we needed a highly reliable wireless data network to carry the information between the vehicles and monitoring stations.”
Case Study
Safety First with Folksam
The competitiveness of the car insurance market is driving UBI growth as a means for insurance companies to differentiate their customer propositions as well as improving operational efficiency. An insurance model - usage-based insurance ("UBI") - offers possibilities for insurers to do more efficient market segmentation and accurate risk assessment and pricing. Insurers require an IoT solution for the purpose of data collection and performance analysis
Case Study
Data Capture for Afghanistan Forces
Electronic equipments on the field of Afghanistan provided information on the status of the vehicle and to identify potential threats surrounding it to the British Force. The monitoring and interpretation of this data requires robust and sophisticated digitization for data capture and communication.
Case Study
Smooth Transition to Energy Savings
The building was equipped with four end-of-life Trane water cooled chillers, located in the basement. Johnson Controls installed four York water cooled centrifugal chillers with unit mounted variable speed drives and a total installed cooling capacity of 6,8 MW. Each chiller has a capacity of 1,6 MW (variable to 1.9MW depending upon condenser water temperatures). Johnson Controls needed to design the equipment in such way that it would fit the dimensional constraints of the existing plant area and plant access route but also the specific performance requirements of the client. Morgan Stanley required the chiller plant to match the building load profile, turn down to match the low load requirement when needed and provide an improvement in the Energy Efficiency Ratio across the entire operating range. Other requirements were a reduction in the chiller noise level to improve the working environment in the plant room and a wide operating envelope coupled with intelligent controls to allow possible variation in both flow rate and temperature. The latter was needed to leverage increased capacity from a reduced number of machines during the different installation phases and allow future enhancement to a variable primary flow system.
Case Study
Automated Pallet Labeling Solution for SPR Packaging
SPR Packaging, an American supplier of packaging solutions, was in search of an automated pallet labeling solution that could meet their immediate and future needs. They aimed to equip their lines with automatic printer applicators, but also required a solution that could interface with their accounting software. The challenge was to find a system that could read a 2D code on pallets at the stretch wrapper, track the pallet, and flag any pallets with unread barcodes for inspection. The pallets could be single or double stacked, and the system needed to be able to differentiate between the two. SPR Packaging sought a system integrator with extensive experience in advanced printing and tracking solutions to provide a complete traceability system.
Case Study
Transforming insurance pricing while improving driver safety
The Internet of Things (IoT) is revolutionizing the car insurance industry on a scale not seen since the introduction of the car itself. For decades, premiums have been calculated using proxy-based risk assessment models and historical data. Today, a growing number of innovative companies such as Quebec-based Industrielle Alliance are moving to usage-based insurance (UBI) models, driven by the advancement of telematics technologies and smart tracking devices.