CheckPoint Software > Case Studies > Securing Remote Endpoints in Financial Services: A Travelex Case Study

Securing Remote Endpoints in Financial Services: A Travelex Case Study

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Technology Category
  • Application Infrastructure & Middleware - Middleware, SDKs & Libraries
  • Infrastructure as a Service (IaaS) - Cloud Middleware & Microservices
Applicable Industries
  • National Security & Defense
  • Retail
Applicable Functions
  • Logistics & Transportation
Use Cases
  • Retail Store Automation
  • Tamper Detection
About The Customer
Travelex is the world's largest non-bank provider of international payments and a leading provider of outsourced travel money. The company operates in 30 countries, with trading floors on four continents and relationships with over 4,000 financial institutions. Travelex handles international payments for over one million beneficiaries annually and provides services to more than 30,000 businesses. The company also operates over 700 retail branches, primarily in airports and tourist locations, selling banknotes and other foreign exchange and travel-related products to individuals travelling for business and leisure purposes.
The Challenge
Travelex, a global leader in foreign exchange services, faced significant challenges in securing its distributed network. With over 300 workstations in 200 retail locations across the United States and Canada, the company needed to ensure the secure exchange of proprietary financial data across its network. However, many branch locations were connecting to the internet through unsecured dial-up, making it difficult to ensure that all remote locations had the latest antivirus signatures. This situation made certain offices susceptible to aiding virus outbreaks. Additionally, connection speeds varied widely across branches, making it unreliable to push out patches when security upgrades were necessary.
The Solution
Travelex turned to Check Point Software Technologies for a solution. The company adopted an early version of Check Point's all-in-one unified threat management (UTM) security appliance, which later evolved into the UTM-1 Edge devices. These devices combined firewall with secure site-to-site and remote access connectivity, ensuring that Travelex's remote sites were as secure as its corporate headquarters. The devices were easy to use and could be installed by managers with little to no technical knowledge. Check Point technicians also customized the products to suit Travelex's needs, monitoring network traffic and bandwidth demands before making necessary adjustments. Travelex also worked closely with Conexys Communications Limited, a full-service integrator of enterprise security and network infrastructure solutions, in the assessment and deployment of the Check Point solution.
Operational Impact
  • The implementation of Check Point's UTM-1 Edge devices significantly improved Travelex's network security. The devices provided a secure connection for remote sites, ensuring the safe exchange of proprietary financial data. The ease of use and installation of the devices also reduced the burden on IT staff, allowing them to focus on more critical tasks. Furthermore, the ability to centralize security policy enabled Travelex to quickly and efficiently push out new security standards across its network. The company also benefited from the support and expertise of Conexys Communications Limited in the deployment of the Check Point solution.
Quantitative Benefit
  • Significant return on investment, primarily in the area of technical support
  • Reduced troubleshooting requests to the central IT department, freeing up IT workers to handle more important tasks
  • Ability to push new security standards to every box on the retail network with the click of a mouse

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