Client Success - Advanced Password Protection

ITC Fortify Security Stakes at World-Leading Financial Institute
Advanced password solution combines high security and compliance with ease of authorised access

(Sept 1, 2008) Many corporations compromising on security and compliance matters are paying dearly- and Gartner estimates the cost of security breaches will rise by 20% yearly through 2009. Financial ramifications, damages to corporate reputations and compliance initiatives are driving enterprise organisations to strengthen their first line of defense- password security. However, the challenge is often in finding a secure, compliant based solution that works within the structure of their IT environment. One world leading global financial institution took proactive measures to tighten security and avoid these pitfalls by utilising cost-efficient, auditable, secure vaulting technology for sensitive password protection.

A renowned global banking corporation, with substantial presence in Europe, North America and Asia Pacific, decided to update their manual method of managing privileged password access to prevent possible security issues. Historically, administrator passwords had been physically stored in a fireproof safe. Lacking clear audit trails, anyone with access to the safe had potential anonymous access to these stored passwords. In addition, the changing and updating of passwords on a regular basis and synchronising of passwords at off-site locations to maintain business continuity, was complex and time-consuming...

Requirements Met
- Security
- Compliance
- Audit functionality
- Accessibility
- Availability

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“This solution has enabled us to deliver more responsive and dedicated support, particularly across our application base, as we can make privileged accounts available as required to a group of users that historically would have been denied access, because all their actions can be audited,”

Client's Global IT Director