HARMONY SASE FOR FINANCIAL SERVICES

UNIFIED NETWORK SECURITY FOR VISIBILITY, CONTROL, AND COMPLIANCE

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Security and networking professionals in financial services organizations are under pressure. First, they need to adhere to strict compliance requirements and safeguard customer financial records. On top of that, they must provide efficient networking and data access to users—no matter where they are located.

Addressing these challenges is critical for defending against the rising number of attacks targeting financial services organizations and for preventing system slowdowns. The latter can impact the customer experience and business operations negatively if not properly addressed.

An Expanding Digital Estate As financial services organizations strive to deliver a superior customer experience, fast and easy access to financial records is essential. Customer data is spread across a growing number of applications. Client services teams rely on immediate access to these applications, whether they’re hosted on-premises or in the cloud, and whether users are in the office or working remotely.

Other teams within the organization require access to customer data, which also represents potential new revenue streams. Analysts can identify growth opportunities and make data-driven decisions that enhance profitability and competitiveness.

Protecting Customer Data The security team is tasked with balancing easy access and data protection. They must implement measures to ensure that access aligns with the user’s role while not creating obstacles that adversely impact the customer experience or daily operations.

On a broader level, customer records themselves have more significance than their use in daily operations or strategic planning. They symbolize customers’ trust in the organization, and with that trust comes the responsibility to implement strong security measures. A data breach or any other mismanagement of customer accounts can immediately undermine customer confidence and affect the bottom line.

This scenario is further complicated by the complex compliance requirements imposed on the financial sector. Organizations are subject to regulatory frameworks such as Sarbanes-Oxley, GLBA, GDPR, and numerous others, increasing the burden to demonstrate satisfactory protection of sensitive data.

https://www.imf.org/en/Blogs/Articles/2024/04/09/rising-cyber-threats-pose-serious-concerns-for-financial-stability

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Attractive Targets Financial services organizations are highly attractive targets for cybercriminals because of the valuable assets and sensitive customer information they manage.

The risk of ransomware is particularly notable. In 2023, financial services was the most attacked sector, with 27% of all such incidents, and ransomware has cost global financial institutions an estimated $32 billion in downtime since 2018.

It doesn’t stop with ransomware, however, as adversaries use a range of tactics in their pursuit of customer records. From supply chain attacks to AI-enabled phishing attacks to social engineering, criminal tactics continue to evolve and place pressure on IT teams.

Evolving technology and new security threats drive continuous changes in local and global regulatory standards.

Addressing the Challenge with Harmony SASE The rapid digitization across the financial sector has rendered traditional perimeter security measures obsolete in many cases. Organizations are now turning to consolidated networking and security solutions like Harmony SASE. Hundreds of financial services customers trust Harmony SASE because it delivers secure, streamlined access for users across the network, enabling compliant protection of customer data.

Visibility is the First Step to Compliance...

View and download logs of user and system activity.

John Smith

Corporate Network

Dev Environment

https://www.marketsmedia.com/finance-most-breached-industry-in-2023/ https://www.csoonline.com/article/645690/ransomware-attacks-cost-financial-organizations-us32-3-billion-in-downtime-since-2018.html

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Regulations such as Sarbanes Oxley, GDPR, and others demand vigilance when it comes to accessing customer records. This requires a level of visibility far more extensive than mere logging. What’s needed instead is a real-time understanding of where sensitive data resides and who can access it.

Harmony SASE provides a single pane-of-glass view of the network and activity taking place within it. IT teams can visualize the connection points to databases and applications housing customer data and implement the appropriate security controls.

Whether your organization relies on a private or public cloud, on-premises resources or a mixture of both, Harmony SASE has you covered. Our platform integrates seamlessly, providing both visibility over these resources and extending security controls to the network’s edge.

Administrators can view all users and endpoints, groups, associated policies, recent activity, and security posture in a single spot. Both our agent-based and agentless products work with Linux, MacOS, iOS, Android, and Windows.

View and download logs of user and system activity.

Boost visibility and compliance with holistic logs of network activity such as device posture and health, app connections and access, policy changes, gateway deployments, and more. You can also integrate with Splunk, Amazon S3, and Azure Sentinel for deep data analysis via SIEM.

Corporate Network

Corporate Network

Clinical Operations

Clinical Operations

John Smith

Clinical Operations

Clinical Operations

Corporate Network

Corporate Network

Clinical Operations

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...And Control is the Second With visibility established, administrators can exercise control over network access, sensitive assets, and users. This helps to reduce the attack surface and, notably, demonstrate compliance with mandates call for control over access to sensitive records.

Harmony SASE provides a unified platform to manage network security based on the principle of least privilege. It enables easy network segmentation by creating access policies for users and groups, which are applied when users login via an Identity Provider (IdP) or any SAML 2.0 solution you choose, including Google, Azure, Okta and more.

Access policies created within Harmony SASE extend to resources in the cloud and on-prem networks via our agent. These are based on the permissions that groups of users need for their roles, but can also address location, device, and other variables.

Even traffic between network objects is controllable via firewall rules, which allow administrators to block or allow traffic between services, users, addresses, and more, further reducing the attack surface.

Achieve user-centric Zero Trust access with Harmony SASE

Your ability to control the network extends to the devices that attempt to make a connection. Device posture check rules enforce specific configurations and security settings for devices before they enter the network, and then periodically after the connection is established.

Additional security features to exert control over the network and protect customer data include:

• Automatic Wi-Fi security

• Multi-factor authentication

• Encrypted site-to-site gateways to protect data traversing the network

IaaS

On-prem resources

SaaS and Web

SSO via IdPUser

ID and context based access policy rules

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Harmony SASE is Stronger Network Security for Financial Services Financial services organizations face a dual challenge of ensuring that users have access to the applications and data they need for daily operations and to provide quality customer service, while also safeguarding customer records in compliance with stringent mandates. This necessitates a network security solution that reduces complexity while improving data protection and compliance.

Harmony SASE empowers IT teams with streamlined visibility and control from a single manage- ment platform. Administrators can connect users with the resources they need while reducing the risk of unauthorized data access or other incidents that can impact the customer experience and result in costly audit violations and fines.

Meet Harmony SASE 2x Faster Internet Security | Full Mesh Private Access | Secure SD-WAN The internet is the new corporate network, leading organizations to transition to SASE. However current solutions break the user experience with slow connections and complex management.

Harmony SASE is a game-changing alternative that delivers 2x faster internet security combined with full mesh Zero Trust Access and optimized SD-WAN performance—all with an emphasis on ease-of-use and streamlined management.

Combining innovative on-device and cloud-delivered network protections, Harmony SASE offers a local browsing experience with tighter security and privacy, and an identity-centric zero trust access policy that accommodates everyone: employees, BYOD and third parties. Its SD-WAN solution unifies industry- leading threat prevention with optimized connectivity, automated steering for over 10,000 applications and seamless link failover for uninterrupted web conferencing.

Using Harmony SASE, any business can build a secure corporate network over a private global backbone in less than an hour. The service is managed from a unified console and is backed by an award-winning global support team that has you covered 24/7.

To learn more, visit checkpoint.com or sign up for a demo.

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