Download PDF
Securing Remote Endpoints in Financial Services: A Travelex Case Study
Technology Category
- Application Infrastructure & Middleware - Middleware, SDKs & Libraries
- Infrastructure as a Service (IaaS) - Cloud Middleware & Microservices
Applicable Industries
- National Security & Defense
- Retail
Applicable Functions
- Logistics & Transportation
Use Cases
- Retail Store Automation
- Tamper Detection
The Challenge
Travelex, a global leader in foreign exchange services, faced significant challenges in securing its distributed network. With over 300 workstations in 200 retail locations across the United States and Canada, the company needed to ensure the secure exchange of proprietary financial data across its network. However, many branch locations were connecting to the internet through unsecured dial-up, making it difficult to ensure that all remote locations had the latest antivirus signatures. This situation made certain offices susceptible to aiding virus outbreaks. Additionally, connection speeds varied widely across branches, making it unreliable to push out patches when security upgrades were necessary.
About The Customer
Travelex is the world's largest non-bank provider of international payments and a leading provider of outsourced travel money. The company operates in 30 countries, with trading floors on four continents and relationships with over 4,000 financial institutions. Travelex handles international payments for over one million beneficiaries annually and provides services to more than 30,000 businesses. The company also operates over 700 retail branches, primarily in airports and tourist locations, selling banknotes and other foreign exchange and travel-related products to individuals travelling for business and leisure purposes.
The Solution
Travelex turned to Check Point Software Technologies for a solution. The company adopted an early version of Check Point's all-in-one unified threat management (UTM) security appliance, which later evolved into the UTM-1 Edge devices. These devices combined firewall with secure site-to-site and remote access connectivity, ensuring that Travelex's remote sites were as secure as its corporate headquarters. The devices were easy to use and could be installed by managers with little to no technical knowledge. Check Point technicians also customized the products to suit Travelex's needs, monitoring network traffic and bandwidth demands before making necessary adjustments. Travelex also worked closely with Conexys Communications Limited, a full-service integrator of enterprise security and network infrastructure solutions, in the assessment and deployment of the Check Point solution.
Operational Impact
Quantitative Benefit
Related Case Studies.
Case Study
Improving Production Line Efficiency with Ethernet Micro RTU Controller
Moxa was asked to provide a connectivity solution for one of the world's leading cosmetics companies. This multinational corporation, with retail presence in 130 countries, 23 global braches, and over 66,000 employees, sought to improve the efficiency of their production process by migrating from manual monitoring to an automatic productivity monitoring system. The production line was being monitored by ABB Real-TPI, a factory information system that offers data collection and analysis to improve plant efficiency. Due to software limitations, the customer needed an OPC server and a corresponding I/O solution to collect data from additional sensor devices for the Real-TPI system. The goal is to enable the factory information system to more thoroughly collect data from every corner of the production line. This will improve its ability to measure Overall Equipment Effectiveness (OEE) and translate into increased production efficiencies. System Requirements • Instant status updates while still consuming minimal bandwidth to relieve strain on limited factory networks • Interoperable with ABB Real-TPI • Small form factor appropriate for deployment where space is scarce • Remote software management and configuration to simplify operations
Case Study
How Sirqul’s IoT Platform is Crafting Carrefour’s New In-Store Experiences
Carrefour Taiwan’s goal is to be completely digital by end of 2018. Out-dated manual methods for analysis and assumptions limited Carrefour’s ability to change the customer experience and were void of real-time decision-making capabilities. Rather than relying solely on sales data, assumptions, and disparate systems, Carrefour Taiwan’s CEO led an initiative to find a connected IoT solution that could give the team the ability to make real-time changes and more informed decisions. Prior to implementing, Carrefour struggled to address their conversion rates and did not have the proper insights into the customer decision-making process nor how to make an immediate impact without losing customer confidence.
Case Study
Digital Retail Security Solutions
Sennco wanted to help its retail customers increase sales and profits by developing an innovative alarm system as opposed to conventional connected alarms that are permanently tethered to display products. These traditional security systems were cumbersome and intrusive to the customer shopping experience. Additionally, they provided no useful data or analytics.
Case Study
Ensures Cold Milk in Your Supermarket
As of 2014, AK-Centralen has over 1,500 Danish supermarkets equipped, and utilizes 16 operators, and is open 24 hours a day, 365 days a year. AK-Centralen needed the ability to monitor the cooling alarms from around the country, 24 hours a day, 365 days a year. Each and every time the door to a milk cooler or a freezer does not close properly, an alarm goes off on a computer screen in a control building in southwestern Odense. This type of alarm will go off approximately 140,000 times per year, equating to roughly 400 alarms in a 24-hour period. Should an alarm go off, then there is only a limited amount of time to act before dairy products or frozen pizza must be disposed of, and this type of waste can quickly start to cost a supermarket a great deal of money.
Case Study
Supermarket Energy Savings
The client had previously deployed a one-meter-per-store monitoring program. Given the manner in which energy consumption changes with external temperature, hour of the day, day of week and month of year, a single meter solution lacked the ability to detect the difference between a true problem and a changing store environment. Most importantly, a single meter solution could never identify root cause of energy consumption changes. This approach never reduced the number of truck-rolls or man-hours required to find and resolve issues.