Overseas Retail Bank
An Overseas Bank Partners with RankEZ to Improve Identity Monitoring and Reduce Insider Risk
Background & Challenge
In the private banking sector, protecting client information is crucial, but this overseas bank faced several challenges threatening data security:
Data Breaches and Credential Misuse: The bank faced constant risks from outside attackers targeting sensitive customer and financial data. Internal threats were also a major concern, as employees misusing access or privileged credentials falling into the wrong hands could bypass security measures and compromise important systems,.
Excessive and Standing Privileges: Granting employees more access rights than necessary elevated risks. The presence of "standing privileges" meant some insiders had constant access to sensitive systems without re-verification, reducing visibility into organizational activities and increasing the risk of security breaches or accidental changes,.
Siloed Identity Security Technology: The customer initially used another vendor's solution, but product limitations made monitoring across their production environment difficult. They urgently needed a solution to improve visibility, efficiently track changes, and enable faster responses to anomalies
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