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A Major Bank in South Africa Builds a Holistic Security Strategy with NetIQ

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One of the largest banking groups in South Africa, this financial services provider offers banking, insurance and investment products and services to a wide variety of customers in South Africa and …

One of the largest banking groups in South Africa, this financial services provider offers banking, insurance and investment products and services to a wide variety of customers in South Africa and several other African countries.

The company has ambitious growth objectives, with a vision of becoming the leading player in Africa’s financial services market.

Read more here: https://www.netiq.com/success/stories/major-bank-in-south-africa.html

Published in: Technology

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  • 1. S U C C E S S S T O R Y A Major Bank in South Africa Builds a Holistic Security Strategy with NetIQ Executive Summary INDUSTRY DESCRIPTION One of South Africa’s largest financial institutions, offering retail, commercial, corporate and investment banking services through a number of subsidiaries. BUSINESS SITUATION To improve protection for vital information assets and reduce the risk of fraud, the bank sought to strengthen access governance and information security. THE NETIQ DIFFERENCE An integrated suite of NetIQ solutions provides comprehensive identity management, access governance and security management, enhancing insight into enterprise risk and helping secure critical systems against threats. NETIQ PRODUCTS AND SERVICES NetIQ® Access Governance Suite NetIQ Identity Manager NetIQ Sentinel™ One of the largest banking groups in South Africa, this financial services provider offers banking, insurance and investment products and services to a wide variety of customers in South Africa and several other African countries. The company has ambitious growth objectives, with a vision of becoming the leading player in Africa’s financial services market. As the scope of its operations continues to expand, it is more important than ever for the company to enable secure, easy access to critical applications and data at all times. “We were concerned that our existing identity management and access governance controls did not offer as high a level of protection as we required,”said a spokesperson. “We wanted to replace isolated systems with a holistic solution that would provide better visibility and control of access rights, and reduce the risk of fraud.” The NetIQ Solution The company undertook a rigorous evaluation of access and security management solutions from several vendors, including NetIQ. As part of this evaluation process, the company invited NetIQ to conduct a comprehensive proof of concept (POC), integrating NetIQ® Identity Manager with NetIQ Access Governance Suite for automated user provisioning and deprovisioning, as well as comprehensive reporting. The NetIQ team also demonstrated how the bank could use NetIQ Sentinel™ as a monitoring tool for the identity management environment by providing full traceability of access activity and security events. For example, NetIQ Sentinel can use information from Identity Manager to generate real-time alerts when an unauthorized user attempts to access sensitive information. Convinced by the tight integration and rich functionality demonstrated by the NetIQ solutions during the POC, the company selected NetIQ as its strategic identity, governance and security platform.
  • 2. Worldwide Headquarters 1233 West Loop South, Suite 810 Houston, Texas 77027 USA Worldwide: +1 713.548.1700 U.S. / Canada Toll Free: 888.323.6768 info@netiq.com www.netiq.com http://community.netiq.com For a complete list of our offices in North America, Europe, the Middle East, Africa, Asia-Pacific and Latin America, please visit www.netiq.com/contacts. Follow us: “NetIQ offers the complete package for safeguarding our business from the risk of fraud and other threats.” Executive, a major bank in South Africa NetIQ, the NetIQ logo, and Sentinel are trademarks or registered trademarks of NetIQ Corporation in the USA. All other company and product names may be trademarks of their respective companies. © 2014 NetIQ Corporation and its affiliates. All Rights Reserved. CSS90098SAB ST 04/14 This high level of insight helps considerably mitigate business risk, for example, by enabling the company to identify any accounts that may have unauthorised access to confidential information and quickly deprovision them, eliminating potential opportunities for fraud. “NetIQ offers the complete package for safeguarding our business from the risk of fraud and other threats,” said a spokesperson.“We can quickly and easily ensure that the right users have access to the right systems, improving efficiency and limiting the risk of unauthorised access to confidential information.” Learn more today by contacting your NetIQ partner or a local NetIQ sales representative, or by visiting www.netiq.com for contact information in your area. The company is currently working to extend the NetIQ solutions across its entire IT environment. Once fully implemented, the solutions will provide comprehensive identity and access management for some 50,000 end users. Boosting Security with Strong Visibility and Control By providing on-demand visibility into individual user access to different systems, NetIQ Identity Manager and Access Governance Suite allow the company to easily and efficiently enable, modify and terminate access as needed. The introduction of NetIQ Sentinel offers a further layer of security to the solution, providing sophisticated monitoring and instantly alerting the company to any potential threats, facilitating quick resolution of security breaches before they can impact the business. “The NetIQ consultants worked very closely with our team to understand our priorities and build a truly holistic solution,”said a spokesperson. “With the POC, we saw firsthand the capabilities that NetIQ could bring to our access and security environment, and that the level of integration demonstrated by the NetIQ solutions really is unmatched.”