[stock-market-ticker symbols="FB;BABA;AMZN;AXP;AAPL;DBD;EEFT;GTO.AS;ING.PA;MA;MGI;NPSNY;NCR;PYPL;005930.KS;SQ;HO.PA;V;WDI.DE;WU;WP" width="100%" palette="financial-light"]

Financial institutions fight cybercrime with a new cybersecurity platform

4 august 2018

New cybersecurity platform designed for financial institutions orchestrates cybersecurity modules, enables threat remediation on institution’s behalf and simplifies reporting.

Fiserv, Inc., a leading global provider of financial services technology solutions, and BlueVoyant, a next-generation cybersecurity company, announced a strategic alliance to deliver a comprehensive managed security platform that specifically addresses the unique needs of financial institutions – from threat detection, response and remediation to regulatory compliance and reporting.

„Using resources and data that go well beyond what is available to most banks and credit unions today, Fiserv and BlueVoyant provide detection, real-time response and automated remediation of suspicious activity targeting internal systems using an integrated combination of network and endpoint monitoring, extensive threat intelligence and behavioral analytics.”, according to the press release.

This new solution complements other leading-edge cybersecurity solutions offered by Fiserv which are designed to mitigate risks within the financial institution as well as risks associated with customer-facing services such as digital banking platforms.

“Fiserv and BlueVoyant are delivering a leading-edge cybersecurity solution that is both broader and deeper in its protection than any other solution we evaluated,” said Elizabeth Macias, Chief Information Officer, Ponce Bank, a $950 million asset bank based in the Bronx, N.Y., that recently implemented the solution. “Cyberattacks are a very real threat to financial institutions today, and we are pleased to have implemented this robust tool to protect our customers’ money and their data.”

„Disparate cybersecurity components, an inability to customize solutions to their needs, and a shortage of qualified cybersecurity talent can make it difficult for financial institutions to defend internal systems against attacks. Fiserv and BlueVoyant help overcome these challenges with a cybersecurity platform that orchestrates an organization’s internal cybersecurity modules and provides a clear and customizable portal with actionable, plain-English alerts, along with skilled cybersecurity experts who work to remediate threats to the institution.”, Fiserv said.

Financial institutions receive consolidated reports to greatly simplify regulatory compliance, and professional threat remediation that allows IT staff to focus attention on building business value.

The long-term strategic alliance between Fiserv and BlueVoyant is fortified by an investment from Fiserv in BlueVoyant, a company led by cybersecurity experts formerly with the National Security Agency, FBI, and British and Israeli intelligence services.

“Adversaries are targeting banks and credit unions of all sizes with sophisticated attacks,” said Byron Vielehr, Chief Administrative Officer, Fiserv. “By working with partners like Fiserv and BlueVoyant, financial institutions can access capabilities and insights to make their cybersecurity strategies exponentially more effective than if they went it alone.”

“It’s time to end the hacker advantage,” said Jim Rosenthal, CEO, BlueVoyant. “The solution we’ve developed jointly with Fiserv closes the information and organization gap and offers financial institutions the advanced defenses previously only available to the largest banks and government agencies. These defenses are essential to protect financial institutions, our industry and our economy.”

BlueVoyant is an analytics-driven cybersecurity company based in New York City. The company was founded by leaders from Morgan Stanley, Thomson Reuters, the NSA and the FBI, to protect the global economy from the increased risk of cyberattack and give private sector organizations the same level of cybersecurity defense capabilities that the best-protected institutions enjoy. BlueVoyant provides Advanced Threat Intelligence, Managed Security and Cyber Forensics and Incident Response with offices in New York; College Park, Maryland; San Francisco; London; Madrid; and Tel Aviv.

Adauga comentariu

Noutăți
Cifra/Declaratia zilei

Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?