Financial institutions

With regard to network security, financial institutions face pressure on two fronts: they must protect vast quantities of sensitive data, and they must comply with a growing body of security regulations. Financial institutions face difficult questions:

• What effect could a breach of financial or transaction data have on your business?
• Can you afford to have the network go down for an extended period of time?
• What are the consequences if you are found to be non-compliant with GLBA?
• How would your customers react if it became publicly known that confidential data had been stolen or compromised?

The StillSecure^® suite of network security solutions can help financial institutions address these critical issues. StillSecure products provide financial services organizations with the power to secure their network assets and comply with the legislation governing the use and protection of financial data.

The threat of fraud and the need to comply
The financial services industry – including banks, credit unions, insurance companies, mortgage brokers, investments houses, and law firms – faces significant financial risk from fraud and non-compliance. Additionally, reputations are at stake; a security incident could scare off both existing and potential customers. For financial services firms, it is imperative to:

• Protect confidential data—Incidents of electronic fraud have multiplied exponentially with the growth of the Internet. Today’s financial services firms are faced with stolen credit card numbers; malcontent employees; hackers exploiting networks, servers, and data storage devices; and perhaps most disturbing of all, identity theft. A breach of sensitive data could irreparably damage the entire organization.
• Keep the network operational—The health of the business is tied to the health of the network. One need only recall the Slammer virus from early 2003 that shut down Bank of America’s ATMs nationwide for the better part of day. What’s the cost in lost revenue, lost productivity, and emergency response activities when your network goes down?
• Comply with applicable statutes and guidance—GLBA, Sarbanes-Oxley, and the California Data Security Disclosure law – these are just some of the regulations that apply to the financial services industry. Institutions found to be noncompliant with these rules are subject to liability suits and regulatory enforcement measures ranging from corrective action to fines or other penalties.
• Protect their reputation—A positive brand image is difficult to build, yet a single security incident can destroy customer confidence. The perception of lax or inadequate security can be catastrophic. The California Data Security Disclosure law actually requires organizations to notify customers and could require media notification when a security breach occurs.
• Operate on a budget—In an environment where budgets are tight and resources are at a premium, finding dollars for improved network security can be difficult.

These are serious challenges for IT organizations at financial services institutions. A security incident can set an organization back weeks or months, and being found noncompliant with applicable security regulations can be devastating. Does the old adage “an ounce of prevention is worth a pound of cure” hold true today for network security?

StillSecure network security: the value of prevention
The StillSecure suite of network security products provides financial institutions with a proactive, affordable solution for defending networks against security breaches. StillSecure products are highly dependable and protective, while being easy to use, configure, and install.

StillSecure products allow financial services organizations to:

• Reduce the of risk financial, transaction, and customer data being stolen
• Minimize the IT overhead costs of GLBA and regulatory compliance
• Keep the network on-line and operational
• Increase IT staff effectiveness.

The StillSecure suite of network security solutions includes:

Strata Guard™: network intrusion detection / prevention
Strata Guard, our intrusion detection/prevention system (IDS/IPS), secures confidential data by preventing attacks and malicious traffic from entering your network. Strata Guard creates a shield around your sensitive data, permitting only legitimate access. It stops unauthorized use and malicious attacks before serious damage occurs. Fully automated, Strata Guard increases the productivity of your IT organization.
Learn more about Strata Guard »

VAM™: Vulnerability management platform
A true vulnerability management platform, VAM identifies, manages, and repairs network vulnerabilities; it lets you proactively close the security holes that leave you open to attack. By providing a 360° perspective, VAM finds and fixes the weak points on the network before they are discovered by hackers. VAM also plays a crucial role in achieving regulatory compliance, ensuring accountability and historical tracking through its exclusive Vulnerability Repair Workflow™. Designed for enterprise-scale deployments, VAM integrates with your existing IT systems to streamline administration and leverage existing IT investment.
Learn more about VAM »

Safe Access™: Enforcing endpoint security compliance
Safe Access protects the network by ensuring that endpoints—the PCs that connect to the network via the LAN or through VPN, RAS, and WiFi connections—comply with your security policies. Safe Access quarantines noncompliant endpoints, ensuring that they don't expose the network to attacks and infections. As the industry's first true agent-less solution, Safe Access ensures that the applications and services running on endpoint devices are up-to-date and free of spyware, worms, viruses, trojans, P2P and other potentially damaging software.
Learn more about Safe Access »

Financial services organizations using StillSecure
Financial institutions are at great risk. With stretched resources and financial data flowing through their networks security is sometimes a juggling act. Furthermore, the intense scrutiny from regulators creates a challenging landscape for IT staff to manage. Our customers in the financial services industry typically maintain IT departments operating under the intense pressures of limited budgets and expanding responsibilities. Simultaneously, their tolerance to risk is low, and many must conform to the growing list of regulations, guidelines, and statutes, with minimal dollars.

With its products used at leading institutions, StillSecure understands the high stakes involved in securing financial data. If StillSecure can help ease the burden of managing the complex IT environment, please contact us.