Why Micro-Segmentation Needs to be a Priority for Banks

Micro-segmentation allows financial institutions to achieve key goals while protecting their crown jewels through a single, straightforward approach.

Managing cyber security controls in financial services is a complex task. There are numerous drivers that make the work time-consuming and resource-heavy, such as:

• There are country- and state-level cyber security requirements that need to be followed
• Modern banking heavily relies on a large number of third-party applications, partners, and outsourcing vendors accessing the data center via a variety of access routes.
• The evolving network infrastructure leaves organizations with a cloud technology and legacy systems mix, in a tangled environment that is hard to visualize, audit, and protect.

The best way to address these challenges is to create a single pane of glass for security, with complete network traffic visibility and full isolation of the digital crown jewels. Using flexible, quickly deployed, and easy-to-understand micro-segmentation controls, financial institutions can protect their core assets simply and effectively.

In order to get the most from a micro-segmentation solution, there are four critical steps to take:

1. Simplify and accelerate regulatory compliance
2. Protect essential systems
3. Prevent unauthorized lateral movement
4. Adopt Cloud, PaaS, and other emerging technology cost-effectively and securely

With simple and easy to manage micro-segmentation controls, financial institutions can reduce attack surface and quickly detect breaches within the data center. Deep visibility into applications’ dependencies and traffic flows helps to enforce precise network and process-level policies that isolate critical applications and systems.

Read Ola Sergatchov’s full blog here and contact you local Exclusive Networks Account Manager to find out more about micro-segmentation with Guardicore.