Download PDF
Securing Trading Environment with IoT: A Case Study of a Major US Financial Services Provider
Technology Category
- Application Infrastructure & Middleware - Database Management & Storage
- Infrastructure as a Service (IaaS) - Cloud Databases
Applicable Industries
- National Security & Defense
Applicable Functions
- Quality Assurance
Use Cases
- Cybersecurity
- Traffic Monitoring
Services
- Cloud Planning, Design & Implementation Services
- Cybersecurity Services
The Challenge
The customer, a major US Financial Services Provider, part of a Global Fortune 500 Company, was facing several challenges in securing its trading environment. The company needed clear visibility into its database traffic to monitor activity and identify risks. It was crucial to secure customer data and transactions within the online trading environment. The company also needed to ensure the high performance and availability of the database and services that actively support online trading processes. The company was also looking to automate compliance and reporting capabilities for regulatory standards such as GLBA, HIPAA, HiTECH, FISMA, SCC, SOX, ISO 27001 and the NIST Cybersecurity Framework. Protecting sensitive customer and trading information from insider abuse was another challenge. The company also needed to control access to cloud apps and confidential client information, including rich policy enforcement and IP address whitelisting. Lastly, the company needed to prevent DDoS / DNS attacks from compromising the client website.
About The Customer
The customer is a major US financial services provider, part of a Global Fortune 500 Company. The company has been fulfilling clients’ investment needs for the last half century. The Financial Services Company manages $174 billion in fixed income and balanced assets for both institutions and private clients. The asset management firm relies on Imperva solutions to protect its trading processes by securing its web site, IT infrastructure and customer data—both in the cloud and on-premises.
The Solution
The company adopted several Imperva solutions to address its challenges. The Imperva SecureSphere Data Audit and Protection was used to provide clear visibility into database traffic and secure customer data and transactions. The Imperva Skyfence Cloud Access Security Broker for SaaS Apps was used to control access to cloud apps and confidential client information. The Imperva Incapsula was used for protection from DDoS / DNS attacks. The SecureSphere solution mitigates the risk to active trading by sniffing the database traffic in a non-inline mode without requiring an agent on the server. This solution provides a clear view of the data stream, enabling the company to monitor activity and identify risks. The Skyfence Cloud Access Security Broker provides visibility and control over cloud apps and access to trading data. The Incapsula solution protects the company's website from DDoS/DNS attacks.
Operational Impact
Quantitative Benefit
Related Case Studies.
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
Major Aerospace Company Automates Asset Management
The O&M division of an aerospace and global security company was using spreadsheets to manually track more than 3,000 assets assigned to students and staff. Maintaining audit trails for this high volume of equipment became increasingly time-consuming and challenging. The chore involved knowing precisely what equipment was on hand, what had been issued, its location and the name of the custodial owner of each item. Every aspect of this task was carried owner of each item. Every aspect of this task was carried out by individuals with spreadsheets. Manually documenting the full lifecycle of each asset added to the burden. This included tracking maintenance requirements and records, incidents and damages, repairs, calibrations, depreciation, and end-of-life data.
Case Study
Securing a Large Data Center in the EMEA Region: An IoT Case Study
A leading data-center operator in the EMEA region, with multiple facilities spanning over 25,000 square meters, faced significant security challenges. The operator experienced interruptions in their internal IT network due to unsupervised work of third-party technicians. Despite having a high-end building control system that provided 24x7 monitoring and control to all the building’s infrastructure, the data center was vulnerable from a cyber perspective as it was connected to the IT network infrastructure. The operator launched an urgent OT cyber security project that included both IT-OT network segmentation and OT network asset mapping and anomaly detection. The main objectives were to harden the security of the server systems, secure the facility’s power supply and server cooling system, strengthen the segmentation between building and operational systems, create a visual OT network map, and set up a system for presenting supply-chain attacks that may threaten the data center through equipment vendors’ maintenance activities.
Case Study
Enhancing Security Precision with IoT: A Case Study of Guardsman Group
Guardsman Group, a leading security company in the Caribbean, faced a significant challenge in maintaining the security of its digital infrastructure. The company provides security equipment, personnel, and systems for various businesses across the region. However, one of its offices experienced a security incident that affected all communications at that location. The existing security tools were not sufficient to provide the necessary protection, and it took hours to identify the source of the issue. This incident highlighted the need for a dynamic solution that could proactively identify threats. The company's primary concern was any disruption to its business, as it manages a significant portion of Jamaica's money and cannot afford for its operations to go down.
Case Study
LoRaWAN - Helping citizens and organizations to reduce environmental impact
More and more, our world is becoming aware about the environmental print that comes with population growth, limitation of resources, climate change and the need for sustainability. The biggest challange here was to raise awareness among citizens and organizations about their environmental impact, and to help themto reduce it in a sustainable way with the help of Real time data.
Case Study
Enhancing City Security through IoT: A Case Study of Atlanta
The city of Atlanta, with a resident population of over 420,000 and a metropolitan area of more than five million people, faced the challenge of ensuring the safety and security of its citizens and visitors. As a leading tourist destination and a multicultural city attracting global investment, Atlanta had to deal with the complexities of managing safety and security incidents. Over the years, the city had invested in various surveillance systems, providing visual intelligence to law enforcement and security professionals. However, these systems operated independently and were spread across a wide geography. The city aimed to increase collaboration among government agencies and create a shared Video Integration Center (VIC). The challenge was the disparate nature of the video systems, which were based on proprietary technologies and were both analog and IP based. The city also wanted to leverage the numerous private cameras located across the city, further complicating the integration of all these systems into one common platform.
