Financial Institutes are facing large security challenges as they confront a changing threat landscape, managing the complex password policies and counterstriking the password hacking by social engineering/online tools and the shift towards greater mobility are quite challenging tasks for IT professionals.
NIB Bank is the largest foreign bank in Pakistan in terms of its branch network and one of the largest corporate entities of the country with a paid up capital of Rs.103 billion. The Bank through its banking footprint of 179 branches in 59 cities of the country continues to serve its more than 450,000 customers for all their financial needs. As a financial institution NIB Bank plays a vital role in supporting Pakistan’s economic …show more content…
As customers take the opportunities offered by moving towards virtualized and cloud environments RSA authentication can help IT and security teams bring trust to information access as they seek to protect identities, secure transactions and safeguard valuable information.
To ensure audit compliance and security best practices, Wateen Telecom created a separate DMZ (Demilitarized Zone) on the internet firewall and placed the RSA authentication server within the DMZ. Now a remote access user can connect to the firewall using two VPN Clients; a Cisco VPN Client and a Shrew VPN Client.
The addition of the RSA Suite made a significant impact for NIB Bank. The team of NIB Bank is now able to gain detailed insight into the location and flow of sensitive data across its business units, at the push of a button. Since deployment, the Secure-ID technology has preformed reliably for NIB Bank, ensuring consistent access protection across its network.
Some of the key features of the solution are its ability to move beyond unsafe password practices, strong authentication in preventing unauthorized local and remote access to information and network resources, strong authentication as a business enabler supporting employee mobility, and a choice of hardware,
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With the use of remote access solution to balance the need for mobile access and user productivity is one way to keep corporate resources secure. The Portal app for iOS and Android devices simplifies secure mobile access to Riordan web applications that reside behind the access policy manager and Gateway. With the Portal applications, employees can access internal web pages and web applications fast. The Portal, along with customers’ existing Gateway, and access policy manager deployments, provides access to internal web applications such as Riordan intranet sites. This portal access provides a launch pad that IT department use to allow mobile access to precise web resources, without exposing full network access from unknown devices. Riordan employees can sync their e-mail, calendar, and contacts directly to the company Microsoft Exchange Server. This also permits IT department to award secure mobile access to web-based resources.
The system should also allow users to access the network from anywhere as long as they can verify authenticity. The system should also be able to prevent brute force attacks. The system should also make it possible for admins to see suspicious activity. Overall the components in the system should work as intended, to ensure top notch reliability and availability.
The public facing servers used to connect the internal webserver to the customer website are contained within the demilitarized zone. Due to the demilitarized zones proximity to the wide area network, we will be taking a layered security approach. There will be a statefull firewall located between the router and the demilitarized zone. This firewall will protect the internal network via the LAN-to-WAN connection by performing in-depth packet inspection and closely
Bank of America is a multinational banking institute and one of the most trusted in the banking industry. This organizations sole purpose is to protect the customer’s confidentiality and assets by ensuring that data protection is the number one priority; however any organization when holding personal information can be a victim of data breach and BoA is not exempt. One of the largest risks BoA faces today is Mobile Banking. This consumer convenience is used by fifty percent of smart phone owners (Finney, 2014). Phishing is also threat to the banking industry; this strategy by hackers allows the extraction of consumer passwords and other sensitive information. Hackers targeting banking institution employees with convincing e-mails that fool them into clicking on malicious links-which ultimately compromise their credentials or
RSA is a division of EMC Corporation that offers security products to businesses and government agencies. RSA’s flagship product is SecurID, a combination of two-factor authentication tokens (hardware and software) and the associated server software used in their implementation. This product aims to deliver secure remote access, including access to critical infrastructure. In 2009, it was estimated RSA had “about 40 million tokens and 250 million mobile software versions deployed in over 25,000 organizations”, including banks, government, manufacturing, and pharmaceutical companies (Rashid, 2011). In this paper we will examine the 2011 breach of RSA involving the SecurID product, the incident response and recovery, mitigation strategies,
In today’s vastly technological world, when it comes to internet and computer security, people are either scared or unaware of the dangers present. Everything we use in our daily lives, from devices such as phones, tablets, and computers, to cars, gas stations, and electrical plants, is run by computers. This puts millions and billions of people at risk with impending security attacks just a keystroke away. The threat of an attack or breach in a system puts information security at a premium for many organizations and individuals. Therefore the onus is on businesses and organizations to ensure the confidentiality of information in their possession. Securing information prevents breaches and cyberattacks, protects the privacy of
Punjab National Bank is one of the Big Four banks of India, along with State Bank of India, ICICI Bank and Bank of Baroda It is the third largest bank in India in terms of asset size (billion by the end of FY 2012-13). The bank has been ranked 248th biggest bank in the world by the Bankers ' Almanac..
GAI is a financial institute located in Canada, the United States, and Mexico. It is specialized in financial management, loan application approval, wholesale loan processing, and investment of money for their customers. The GAI employs over 1,600 employees and has been growing consistently for nearly six years because, its management strategy has been built on scaling operational performance through automation and technological innovation. However, the GIA has experienced several cyber-attacks from outsiders over the past a few years ago. This attack has conducted the loss of its confidentiality, integrity, and availability for several days, the loss of its reputations, and mostly the loss of its customer data confidentiality. To secure the GAI’s network system, a lot of issues have to be addressed. This paper will cover the identification and description of authentication technology and network security issues, list all access points, it will design a secure authentication technology and network security, list all known vulnerabilities, address concern over the mobile security and design a secure mobile computing, identify wireless vulnerabilities and recommend what safeguards, and finally, design a cloud computing environment for GAI.
The digital age provides individuals with numerous ways of innovative opportunities like recording data in an effective manner, electronic banking, online shopping, by violating privacy. Despite what might be expected, the national and global security framework needs components to check programmers and outsider interceptors, who can access delicate data and information, placed in various divisions of the financial framework. These outsider interceptors can then break-in remotely to harm or get access to passwords and usernames.
Cybersecurity is meant to protect computers, networks and data from unauthorized access, vulnerabilities and attacks. Companies around the world have experienced many cyber-attacks in the last decade. Most companies were targeted in hopes of obtaining confidential information. Some companies were breached to find information that would allow the attackers to target their customers. One such attack happened to the security company RSA when their SecurID tokens were compromised. This paper will examine how RSA SecurID token technology works, how the RSA company network was breached, what information was stolen, and the impacts that resulted from the initial attack.
The increasing volume and sophistication of cyber security threats including targeted data theft, phishing scams and other online vulnerabilities demand that we remain vigilant about securing our systems and information.
Maintaining security in Data center is another area that need to be worked at. As data should not be accessed by any third party agent/system, imposing security becomes very important. Only authorized persons are to be given access to enter and monitor the systems and processes in data centers. The authorization is achieved by providing identification to staff be means of issuing Personal Identification
Company Profile |Products |Sell Offers |Buy Offers |Contact Details | |Askari Bank, one of the leading banks of Pakistan. The bank was founded in 1992, and in the 18 years since, our growth and success patterns have far outgrown industry standards. Askari Bank has expanded into a nationwide presence of 150 branches, and an offshore banking Unit in Bahrain. A shared network of over 1,100 online ATMs covering all major cities in Pakistan supports the delivery channels for customer service. As on December 31, 2007, the bank had equity of PKR 12.27 billion and total assets of PKR 182.17 billion, with over 800,000 banking customers, serviced by 6,808 employees. We have reinforced our products with new deposit schemes bearing competitive rates
The Premier Group (“Group”) has nationwide industrial and trading ventures in each province backed by supporting network of offices in the business areas of Mardan, Lahore, Islamabad and Karachi. The Group’s history goes back to early 60s with the start of Premier Sugar Mills & Distillery Company Limited as the largest sugar factory in Asia. Mir Afzal Khan (late) was the founder Chairman of this Group. After the demise of Mir Afzal Khan, his brother Mr. Aziz Sarfaraz Khan managed the affairs of the Group entities. This Group diversified its portfolio with the addition of a Packaging Company by the name of Syntron (Pvt.) Limited (“SL”) in 1990 and thereafter, converted into a Public Limited Company in 1991. The purpose of this company was to prepare polypropylene bags for the fertilizer, feeds and sugar industry. The Group commissioned another unit of sugar mill named CSML i.e. the proposed Company, in D.I. Khan. CSML has an installed crushing capacity of 20,000 tons (pre-BMR sugarcane per day) and is the biggest amongst the Group units’ production wise. In 1998, Mr. Abbas Sarfaraz Khan (CEO of SL) joined family business and with the active involvement of Mr. Iskander M. Khan and established Syntronics Limited for manufacturing of high quality polypropylene bags mainly for cement
Silk Bank maintains its position as Pakistan's Premier Bank determined to set higher standards of achievements. It is the major business partner for the Government of Pakistan with special emphasis on fostering Pakistan's economic growth through aggressive and balanced lending policies, technologically oriented products and services offered through its large network of branches locally, internationally and representative offices. Banks new identity Silk bank –