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Imperva > Case Studies > Global Bank Achieves $90 Million Savings with Imperva Data Security
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Global Bank Achieves $90 Million Savings with Imperva Data Security

Technology Category
  • Application Infrastructure & Middleware - Database Management & Storage
  • Infrastructure as a Service (IaaS) - Cloud Databases
Applicable Industries
  • Finance & Insurance
  • National Security & Defense
Applicable Functions
  • Quality Assurance
Use Cases
  • Cybersecurity
  • Inventory Management
Services
  • Cybersecurity Services
  • Hardware Design & Engineering Services
The Challenge
A leading global bank, operating in over 40 countries and serving over 38 million customers, was facing significant challenges in meeting key regulatory requirements such as the Monetary Authority of Singapore Technology Risk Management (MAS TRM), Reserve Bank of India (RBI) Guidelines, and Sarbanes-Oxley Act (SOX). The bank was using built-in auditing capabilities included with their databases to meet these requirements. However, these tools proved to be costly and unreliable, consuming 20% of their database processing power, requiring additional hardware and software purchases, and necessitating extra storage space for the massive volume of log data being collected. The bank also had to increase its IT headcount to manage the auditing system and run audit reports. The bank estimated that to make their in-house solution work effectively, it would cost them at least $100 million. Furthermore, the bank failed an audit due to their inability to produce consistent and repeatable audit reports that satisfied the different regulations.
About The Customer
The customer is a global banking and financial services company, one of the largest banks in the world. The bank operates in over 40 countries and provides a range of services including retail and business banking, wealth and investment management, and corporate and investment banking to over 38 million customers. Given its widespread presence, the bank is subject to a host of regulations such as the Monetary Authority of Singapore Technology Risk Management (MAS TRM), Reserve Bank of India (RBI) Guidelines, and Sarbanes-Oxley Act (SOX).
The Solution
The bank turned to Imperva Data Security, a market-leading database auditing and protection solution. This automated solution substantially reduced the three hidden cost areas associated with built-in database auditing. Imperva Data Security reduced the 20% increase in database processor utilization by 90%, saving the bank $70 million. The solution added just a 2% load on the database servers. With its ability to retain only relevant information, Imperva Data Security reduced storage cost to $29 million. Furthermore, 32 full-time IT employees were able to focus on other critical projects, translating into $3.3 million savings. Generating audit reports became less complex and required a smaller IT team to operate the solution. The bank’s auditors informed them that their reports were now more meaningful.
Operational Impact
  • With the implementation of Imperva Data Security, the bank was able to meet key regulatory requirements and avoid failing audits. The solution provided a scalable and cost-effective audit and protection solution for over 3000 databases. The bank was able to deliver higher customer value through increased IT operational efficiency. The solution was flexible and transparent, and expanded security controls by protecting databases against attacks and threats. The bank's auditors informed them that their reports were now more meaningful, indicating an improvement in the quality of audit reports. The bank's database auditing headaches are now a thing of the past.
Quantitative Benefit
  • Reduced hidden server and storage cost by over 90%
  • Accelerated IT productivity by reducing estimated labor costs by 70%
  • Saved over $90 million by streamlining hardware and software spending, eliminating database server load, and reducing manual processes

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