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June 21 2010:
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Financial Services

Consumer trust is the key ingredient for success of any financial services provider. The lack of security or even the perception of vulnerability in IT systems can severely impact consumer trust and hamper business for a financial service company.

Every year billions of dollars are lost to rogue activities conducted by both internal and external entities. Enterprises providing financial services are most susceptible to these threats. They are the first targets for rogue individuals who want to exploit any vulnerability for financial gains. Financial services companies have a lot of pressure to apply better governance across their enterprise and are subject to a number of stringent regulatory acts and compliance audits.

Securonix Behavior Profiler allows financial services companies to generate behavior profiles for individuals (both internal and external) based on key characteristics mined from their activity log. These behavior profiles can be compared and contrasted against the individualʼs peers to ensure that no out of band activities are conducted by the user. . Securonix Behavior Profiler creates profiles for individuals like Bank Tellers, Traders, Financial advisors and Loan officers by taking into account each individuals behavior and the behavior of all peers within these groups. Any deviation from normal activities done by these Peers will instantly be flagged and can be investigated further to ensure a high level of security. Security professionals are instantly notified of any suspicious behavior and can take the appropriate steps to remediate.

Timely action can prevent the loss of billions of dollars. Securonix Event and Risk Analyzer provides real time monitoring of user activities to detect and alert on fraudulent actions. Securonix Event and Risk Analyzer ensures that its anomaly detection rules are adaptive by using machine learning algorithms.


Health Care:

Health Care providers and Health Insurance providers are coming under increased scrutiny for their lack of controls to protect sensitive user information including patient data, financial data and other personal identifying information.

The nature of the industry is such that it is extremely difficult to monitor which individuals have what access and secure all access and transactions. Securonix Behavior Profiler creates profiles for administrative staff, health care providers, insurance claims agents and other individuals. Every new transaction, access to applications and sequence of transactions is validated against the users profile and their peerʼs profiles to ensure that no rogue transaction is conducted or suspicious application is accessed.

Retailers:

Retail companies struggle with challenges ranging from high turn over at retail stores, high number of temporary staff members and securing access to consumer privileged information and credit card transactional data. Apart from this, there is high probability of staff members utilizing shared account ids.

In this highly volatile environment, it is virtually impossible to ensure that the right set of privileges is granted to each individual. Securonix Behavior Profiler creates profiles for individuals based on their actual usage of systems and applications. These profiles are constantly matched against the peer profiles to ensure that no store employee or warehouse staff member performs actions that may be detrimental to the retailerʼs bottom line or brand image.



Manufacturing Companies:

Manufacturing Operations are constantly looking at ways to improve and streamline their process to be able to reduce costs. They need to ensure that the appropriate raw material is available in time at the right place and inventory levels are optimum to the demand of their goods. Any out of band action on the enterprise IT infrastructure may cost millions of dollars in this high paced environment.

Securonix User Behavior Profiler provides the cutting edge needed in this high paced, highly competitive industry. It ensures that disgruntled staff behavior or unintentional accidental actions by employees and contractors doesnʼt cause disruption to the production line.

Airline Industry:

With a focus on consumer satisfaction, on time arrival/departure rate, shrinking profit margins, increased FAA regulations and use of cutting edge technology for scheduling staff, the Airline Industry is in constant state of innovation.

With the added challenge of protecting consumer confidential data and securing their financial and trade secrets, the Airline Industry can reap numerous benefits from Securonix User Behavior Profiler technology. User Profiles generated for gate agents, bag tag agents, skycaps, administrative staff, reservation agents and other staff/contractor entities will ensure that none of these individuals can disrupt operations or get access to classified data if their peer behavior does not warrant it. Securing contractor and temporary staff access to IT assets has never been easier.

 

Pharmaceutical Companies:

Pharmaceutical companies invest billions of dollars each year on research and development. With an eye on the future, pharmaceutical companies are poised to grow exponentially in a very short time frame. This growth cannot be hindered by the leaking of confidential data and trade secrets to competition. It is pertinent that all information be safe guarded.

Securonix Behavior Profiler will ensure that every individual, be it researchers, administrative staff, sales representatives or marketing professionals follow strict application access behavior and do not venture into data that they should not be viewing. This is done by comparing the current access and transactional information with historical records of that individual and comparing the chain of activities done in the past to the current chain of activities and more importantly by comparing the user's current transactions to their peers. This three-pronged approach ensures a high level of security within the enterprise.


Information Technology Industry:

The IT industry has been transforming itself at a pace that even defies Mooreʼs law. With increased competition, high attrition rate of skilled employees, highly classified software source code, increased competition and the highest number of knowledge workers in their enterprise, the IT industry has to be four times as secure as companies in any other industry.

These enterprises are also very high on the target list of rogue individuals that would like nothing better then to disrupt and harm a giant in the IT industry. Securonix User behavior Profiler is an intelligent application safeguarding the IT infrastructure of enterprises by constantly learning and enhancing user behavior profiles based on the applications these individuals are accessing and the transactions they are performing. This highly trained technology is then able to quickly detect any change in user behavior signaling and alerting security professionals of this anomalous behavior.



 
     
     
     
     
         
         

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