128 V I EWPO I NT The security practice that allows financial institutions to take a unified, straightforward approach to achieving a number of key goals while protecting their digital crown jewels R I CHARD ME E U S : AKAMA I Prioritising microsegmentation Financial institutions have a strong requirement for cost savings through automation, resources optimisation, and agile technologies. They need a solution that can increase security while also promoting operational efficiency. Moreover, financial institutions have always been prime targets for crime. Given that remote and indirect transactions are the norm these days, attackers have even more opportunities to break through perimeter security. This further increases the risk of breach and the remediation costs. However, managing cybersecurity controls in financial services is a complex task. There are numerous drivers that make the work time-consuming and resource-heavy, such as country- and state-level cybersecurity requirements, evolving network infrastructure and the large number of third-party applications, partners and outsourcing vendors. All these factors combined with a multitude of tools, users and outside pressures make financial institutions especially attractive to cybercriminals. Enabling digital transformation for better customer service and availability leads to even more ways for banks to be potentially vulnerable to fraud and unauthorised transactions. Customers are well aware of these growing issues and want reassurance that their privacy and finances are protected. 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 easyto-understand microsegmentation controls, financial institutions can protect their core assets simply and effectively. Microsegmentation is an emerging security best practice that offers several advantages over more traditional approaches, which rely heavily on network-based controls that are often cumbersome to manage. However, the software-based segmentation element of microsegmentation separates security controls from the underlying infrastructure and allows organisations the flexibility to extend protection and visibility anywhere. The added granularity that microsegmentation offers is essential at a time when many organisations are adopting cloud services and new deployment options like containers that make traditional perimeter security less relevant. In order to get the most from a microsegmentation solution, there are five critical steps to take: 1. Simplify and accelerate regulatory compliance. To achieve this goal, start “With simple and easy to manage microsegmentation controls, financial institutions can reduce the attack surface and quickly detect breaches”
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