Cybercrime such as cyber-extortion, fraud, and theft are only a few examples on an ever-growing list of IT security woes facing banks today. The headline ‘DDoS Attacks Against Banks Increasing’ from ISMG’s Bank Info Security cites a Ponemon report released October 6, 2015 — cybercrime costs are continuing to rise in 2015, partially due to the ever-growing attack space. According to the article by Tracy Kitten, a survey released by ISMG earlier this year makes it clear banks are fighting an uphill battle.
Bandura gets it and built the PoliWall to rapidly decrease attack space by up to 90%. The resulting dramatic decrease in security alerts makes responding and documenting incidents possible, thus reducing both risk and the time required to manage threats. As an added bonus, PoliWall helps to keep banks in compliance with the Office of Foreign Assets Control (OFAC) through intuitive and granular outbound filtering.
Many companies strive to manage these challenges for their own networks, so I am inclined to share a bit more information about our approach which may be insightful as you evaluate your options.
Threat Intelligence and Cyber Security Automation
We believe that security management can be easier and more automated so you’ll see a lot of that from Bandura. We certainly take that approach in threat aggregation with ProACT automatically gathering data from IP reputation threat intelligence feeds to intelligently determine a precise risk score. The ProACT data automatically feeds to PoliWall, the Firewall’s Firewall, which auto-blocks threats according to your own acceptable risk level.
Check out the PoliWall GUI — you will see how easy it is to set your company’s desired risk-tolerance levels and then watch the PoliWall take action through visual reporting tools. PoliWall has 32 threat categories from which users can choose a comfortable level of risk for each category allowing for a policy-based approach to protecting networks. As threat intelligence sources automatically update PoliWall, connections are filtered based on the previously-determined policy for that category.
The system allows for control of outgoing IP traffic as well, minimizing the risk of data theft. The ProACT server even integrates threat intelligence from a bank’s own networks with aggregates external threat feeds from open and commercial sources like Webroot and Emerging Threats Pro. Based on the dynamic curve of a bank’s network activity and outside events, ProACT cyber threat risk analysis becomes even more precise for real-time auto-blocking by PoliWall. The PoliWall/ProACT system auto-updates in near real time and operates at high speeds with no network slowdown!
Adding to the security of the network and keeping financial institutions in compliance is PoliWall’s point-and-click ability to block connections to and from specific nations. Sticking with our theme, protecting the network from state-sponsored criminal attacks is easy and straight-forward. Banks can block any connection to or from a country that isn’t relevant to their customer base, such as China, Russia, or Iran, while maintaining high throughput and TCP connection rates with PoliWall’s High-Speed IP Packet Inspection Engine (HIPPIE). And with DDOS attacks on the rise, PoliWall can mitigate the risk through its unique bandwidth throttling capability — Banks stay up and running under attack!
So, are you ready for security threats to hit a brick wall? We’ve described the Bandura Way, but what’s your way?
From the Firewall-side. . . Suzanne Magee
We protect the Firewall so the Firewall can better protect your Network — let’s chat about that! Contact Bandura Systems today and follow us on Twitter @bandurasystems.