Download PDF
Security Finance Enhances Security Posture with InsightVM
Technology Category
- Cybersecurity & Privacy - Identity & Authentication Management
- Sensors - Temperature Sensors
Applicable Industries
- Finance & Insurance
- National Security & Defense
Use Cases
- Leasing Finance Automation
- Tamper Detection
Services
- Cybersecurity Services
The Challenge
Security Finance, a financial services company with over 1,000 locations across the United States and Mexico, was facing a significant challenge in maintaining its cybersecurity. As a financial institution, it was a constant target for cyber attacks, necessitating a proactive rather than reactive approach to security. The company's situation was further complicated by its extensive infrastructure, which included in-house software and various systems across multiple data centers. This vast surface area increased the potential for attacks. Additionally, the company's security program was not very mature, and they lacked a comprehensive understanding of their assets and the associated vulnerabilities. Prior to implementing a solution, the company was primarily focused on patch management, without a full understanding of the remaining vulnerabilities in their systems.
About The Customer
Security Finance is a financial services company based in Spartanburg, South Carolina. The company has a significant presence, with about 1,000 locations spread across the United States and Mexico. For over 65 years, Security Finance has been providing easy and safe installment loans nationwide. The company has a complex infrastructure, including its own in-house software and various systems across multiple data centers. As a financial institution, Security Finance is a constant target for cyber attacks, making robust and proactive security measures crucial for its operations.
The Solution
To address these challenges, Security Finance chose InsightVM, a vulnerability management solution. InsightVM enabled the company to identify all assets in their environment and understand their associated risks. It also facilitated efficient, cross-functional remediation with ITSM integrations. Furthermore, InsightVM's robust reporting capabilities allowed the company to communicate the success of risk reduction efforts to executives. The decision to choose InsightVM was made after evaluating several other products, with InsightVM standing out due to its robust features, including its reporting capability and its ability to integrate with other systems in the company's environment. The company also narrowed down their ITSM tool to one that integrates with InsightVM, further enhancing their security management capabilities.
Operational Impact
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.