40% of Top Global Banks and 30% of Top US Banks Rely on Network Intelligence to Collect and Protect All the Data
Access Control Enforcement Primary Customer Objective
WESTWOOD, Mass— [Network Intelligence, a privately-held leader in transforming enterprise-wide data into compliance and security information, joined RSA, The Security Division of EMC, after its acquisition by EMC in September 2006.]
Network Intelligence™ Corp., the market-proven leader in transforming enterprise-wide data into automated compliance and security information, today announced that it is rapidly becoming the security information and event management (SIEM) system of choice for many of the world’s largest financial institutions. Network Intelligence counts 40% of the Federal Reserve Systems’ list of top 25 bank holding companies as customers, and 30% of the Banker’s top global financial institutions.
Backed by an innovative IP database and agentless technology that collects data directly from every source, the Network Intelligence solution is a powerful yet affordable appliance-based offering that enables customers to ensure compliance with government and industry regulations, increase the effectiveness of their network security, and verify and enforce security policies.
Erik Hart, vice president and information security officer at Cole Taylor Bank, first turned to Network Intelligence to meet FDIC requirements to perform regular reviews of system events. Hart explained, “Regardless of the size of the organization, financial institutions are dealing with regulations from the FDIC, Federal Reserve, local financial regulations, GLBA, and for companies with a ticker, Sarbanes Oxley. The pain point surrounding collecting and analyzing all the data is exponentially greater for larger institutions, especially surrounding authentication and authorization to systems and information. The Network Intelligence solution gives us a single console from which to manage all the data in our network so we can authenticate authorized users on our systems.”
“With the vast amount of sensitive and privileged data that runs through financial networks on a 24x7 global basis, defining, monitoring and enforcing processes for access control is paramount for network security and compliance,” said Jim Melvin, executive vice president of marketing and business development at Network Intelligence. “Not only are today’s leading financial services companies turning to Network Intelligence for automated compliance reports and alerts, but many are also working actively with our product team to enhance future generations of our solution and to promote customer objectives.”
A Gartner Research report on processes to maintain adequate security postures entitled “Visibility and Control Are Key to Managing IT Security Vulnerabilities,” dated January 19, 2006 by John Pescatore, Mark Nicolett, and Amrit T. Williams, says: “Visibility into the security state of IT resources is needed for vulnerability analysis, and control of IT resources is needed for vulnerability remediation and mitigation activities. If an organization does not understand its vulnerabilities and exposures, it is not possible to properly secure the environment.”
Effective access control is fundamental to a true defense-in-depth strategy for network security and data protection. Financial companies across the globe use Network Intelligence to implement complete access control over their network, computing and object-level components. Network Intelligence accomplishes this by capturing and analyzing all access control information in its LogSmart® Internet Protocol Database (IPDB)™, which enables the four key elements to effective access control: baselining, alerting, reporting and auditing.
About Network Intelligence
Network Intelligence, part of RSA, The Security Division of EMC, is a leader in transforming enterprise-wide data into compliance and security information. The LogSmart® Internet Protocol Database™ (IPDB) provides an architecture designed to efficiently collect and protect all the data that drives customers’ businesses. Network Intelligence helps take the cost and complexity out of compliance and security for hundreds of customers worldwide. Network Intelligence joined RSA after its acquisition by EMC in September 2006. For more information, please visit www.network-intelligence.com, or phone 781-375-9000.
About RSA
RSA, The Security Division of EMC, is the expert in information-centric security, enabling the protection of information throughout its lifecycle. RSA enables customers to cost-effectively secure critical information assets and online identities wherever they live and at every step of the way, and manage security information and events to ease the burden of compliance.
RSA offers industry-leading solutions in identity assurance & access control, encryption & key management, compliance & security information management and fraud protection. These solutions bring trust to millions of user identities, the transactions that they perform, and the data that is generated. For more information, please visit www.RSA.com and www.EMC.com.
