Protecting vital data against cyber threats for a global financial services provider

Case Study

Finance

Protecting vital data against cyber threats for a global financial services provider

Requirements

Needed to Improve security for their customers’ encryption keys
Risk of data loss and system access
Many organisations are unaware that a key has been hacked until the attacker takes advantage

Solution Benefits

Now using the secure platform to store encryption keys
No disruption was made to the provider’s operations
Protecting authorised users against unwanted data breaches

The Challenge

A wealth management financial services provider responsible for 8,000 wealth management firms, which enable over 20 million people to invest approached FullProxy looking for a way to improve security for their customers’ encryption keys.

There can be many security risks associated with compromised encryption keys, such as loss of data and system access, which can be detrimental to a financial services provider.

Many organisations are unaware that a key has been hacked until the attacker takes advantage, which can make the cyber threat even more dangerous.

The task of building and configuring the HSM infrastructure during the Covid pandemic was particularly challenging given the geographical location of the hardware.

Stephen Mellon
Consultant, FullProxy

What we did

Using both F5 BIG-IP Local Traffic Managers and Entrust nShield general-purpose HSMs, FullProxy was able to provide a quick solution and implement it without disrupting the provider’s operations.

Migrating existing protected crypto keys from the F5 BIG-IP LTM to the HSM in a live environment was achieved seamlessly with no impact to customers.

Head of Technology Services

The Result

The new nationwide service introduced by the global financial services provider is now using the secure platform to store encryption keys protecting authorised users against unwanted data breaches.