Wednesday 30 December 2020

Securing Branch Networks of Financial Institutions

 The financial services industry has begun the shift to a digital business model in order to enhance the customer experience and remain competitive. But considering that most of these organizations utilize a distributed enterprise branch model, this transition is having a significant impact on their networks.

Because their users – both remote and local – require direct access to the internet for cloud and Security-as-a-Service (SaaS) applications, the WAN and access edge have become more complicated than ever before. Furthermore, the influx of Internet-of-Things (IoT) devices entering the branch network has presented how much do computer scientists make with new opportunities to exploit networks. As a result, it has become more critical than ever for IT teams to deploy next-generation security strategies to support these new technologies that only add more complexity to the network.

Financial services organizations with at least one remote location are turning to software-defined wide-area networks (SD-WAN) to simplify wide area network (WAN) management and operations. But SD-WAN alone does not address challenges related to securing multiple edges. It also cannot address visibility and complexity challenges that are common at branch locations, making it difficult to address the resulting expanded attack surface.

Below are three critical security challenges impacting financial institutions that leverage SD-WAN to connect their remote branch offices.

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