Financial institutions are dealing with the triple challenge of digital transformation, cyber security and regulations. They are constantly seeking to better serve their customers and establish a competitive edge through new technology innovations. But all too often, they fall behind on delivering these digital initiatives into production. Why does this happen? Network security operations teams are hampered by manual, slow and error-prone security change-management processes and the ever-increasing demands of industry regulations. Often requiring days, or even weeks, to process a single change across their complex network environment, security teams are deluged with hundreds of changes each month, hindering time-to-market. Security teams fight hard to create and maintain a clean and optimized network security policy that reduces the attack surface. But the frequent errors that arise from manual processes put the institution at cyber risk, opening security gaps that attract unwanted elements. Errors also introduce regulation-compliance gaps. Financial institutions find themselves struggling with the next audit instead of passing with flying colors.
AlgoSec’s unique, business-driven approach to security management enables financial institutions to align security policy management with their business initiatives and processes, making them more agile, more secure and more compliant all the time.