SBI Bank: Client Data Protected by ISOC

The Bank has completed the linking to the Infosecurity Information Security Event Monitoring Center, which provides comprehensive data protection while increasing the number of retail and corporate clients.

SBI Bank has completed the linking to the Infosecurity's ISOC (Security Operation Center) Cyber Security Events Monitoring Center. The Bank's existing monitoring system has been supplemented with automated response modules that eliminate the risks of data and money theft, as well as identify and prevent cyberattacks at early stages.

Introduction of new technology for data protection is connected with expansion of client base when setting up by the Bank the complex product for the households, uniting all necessary services for management of the family budget, and ecosystem for entrepreneurs.

"We bring a number of convenient and client-oriented services to the market: mobile banking, thanks to which people can unite the accounts of all family members in a single mobile application, analyze total expenses, use a common loyalty program, teach children financial literacy and apply modern payment solutions. Connecting households means a multiple growth of the client base, which imposes special requirements on us in terms of operational processing, security and safety of client data," Andrey Karyakin, Chairman of the Board of SBI Bank, said.

The main criteria for choosing a new monitoring system was to ensure speed, process ability and safety without compromising the performance and quality of the bank's business processes. The cooperation is built on SOC-as-a-Service model, which allows SBI Bank to avoid costs for expensive equipment and highly qualified personnel, while providing comprehensive professional protection.

"The system implemented using Big Data technology allows collecting events in real time on a flow of at least 10 thousand events per second. The service detects attacker scenarios, reacts to events as quickly as possible and prevents the possibility of critical incidents, visualizes the results obtained," Alexei Yudin, Director of Infosecurity Monitoring Center, sums up the project.

In addition to the traditional information security and incident response 24/7/365, specialized connectors have been developed for the existing hardware and software systems of SBI Bank, which provide a continuous channel with encryption, and guarantee a high data security level against loss and theft.

SBI BANK is a Russian bank with 100% Japanese capital. It has been operating on the Russian financial market since 1994. In 2017, it became part of a major financial corporation SBI Holdings Inc., which brought together more than 250 leading financial companies, high-tech and biotechnology projects in Asia. SBI Holdings Inc. Group is one of the leaders in Internet banking in Japan and South Korea, as well as a world leader in block technology, is included in Forbes Global 2000 rating. Under the management of SBI Holdings Inc., investment funds of $8,2 billion.  

For more details, please visit sbibankllc.ru

01
November 2019

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