Enhancing Core Banking Security
Learn how TechFlex fortified a leading bank's critical CBS application against sophisticated cyber threats, ensuring regulatory compliance and uninterrupted secure banking services with Array Networks' WAF solution.
Learn MoreIndustry
Banking & Finance
Solutions
WAF Solutions
Overview
The client, a prominent banking institution with a nationwide presence, offers a comprehensive array of services including physical and online banking, insurance, RTGS/NEFT, among others, serving a vast customer base around the clock.
Challenges
The client’s Core Banking System (CBS) application, crucial for financial transactions and handling sensitive customer data, faced the risk of cyber attacks, posing severe operational and reputational risks. The challenges were two-fold: safeguarding the CBS application from advanced cyber threats like application-layer attacks and ensuring compliance with rigorous financial regulations to protect the integrity and trust of their banking operations.
Key challenges include:
Advanced Cyber Threats Targeting CBS
Protecting the CBS application from evolving cyber threats to maintain its integrity.
Compliance with Financial Regulations
Achieving a security posture that aligns with strict industry-specific regulatory requirements.
Solutions
TechFlex, in collaboration with Array Networks, implemented a tailored Web Application Firewall (WAF) solution focused on securing the CBS application. The solution featured CBS application-centric security, granular threat detection to counter application-layer attacks, regulatory compliance configurations, and integrated continuous monitoring and incident response mechanisms. This strategic approach was designed to address specific vulnerabilities and ensure the secure processing of financial transactions and data.
Key aspects of the solution implementation include:
- CBS Application-Centric Security. Customized protection for the CBS application, securing financial transactions and sensitive data.
- Granular Threat Detection. Advanced detection of application-layer attacks like SQL injection and cross-site scripting.
- Regulatory Compliance Configuration. Configuration of the WAF solution to meet financial regulatory compliance standards.
- Continuous Monitoring and Incident Response. Integration of real-time monitoring and rapid incident response capabilities.
Results
The deployment of the WAF solution significantly strengthened the security of the CBS application against cyber threats, ensuring the integrity of financial transactions and the protection of sensitive customer information. The bank achieved and sustained compliance with stringent financial regulations, reinforcing its dedication to maintaining the highest security and data protection standards. The WAF’s seamless integration and real-time response capabilities enabled continuous, secure banking operations, enhancing the bank’s resilience against cyber risks.
Key results include:
Fortified CBS Application Security
Enhanced protection against cyber threats, safeguarding financial transactions and customer data.
Achieved Regulatory Compliance
Maintained stringent compliance with financial regulations, upholding high security and data protection standards.
Uninterrupted Secure Banking Operations
Ensured continuous, secure operations of the CBS application with minimal disruption.
Proactive Threat Management
Empowered the security team with real-time monitoring and rapid incident response to manage potential threats effectively.
Next Step
Set up a no-cost, one-on-one call with TechFlex to explore the right solutions for you.
Book a meetingReady to talk growth?
Get a Free ConsultationTRANSFORMING THE DIGITAL PROCESS AT