BeyondTrust > Case Studies > Standard Bank of South Africa Ltd

Standard Bank of South Africa Ltd

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Company Size
1,000+
Region
  • Africa
Country
  • South Africa
Product
  • Retina vulnerability management solution
Tech Stack
  • Network scanning
  • Web application scanning
  • Virtual environment scanning
  • Patch management module
  • Configuration compliance
  • Regulatory reporting module
Implementation Scale
  • Enterprise-wide Deployment
Impact Metrics
  • Cost Savings
  • Customer Satisfaction
  • Productivity Improvements
Technology Category
  • Cybersecurity & Privacy - Network Security
Applicable Industries
  • Finance & Insurance
Applicable Functions
  • Business Operation
Use Cases
  • Cybersecurity
Services
  • System Integration
About The Customer
Standard Bank of South Africa Ltd is one of the largest financial services groups in Africa. It offers a range of banking and related financial services across sub-Saharan Africa. The bank operates in more than 20 countries across the African continent, including South Africa. The bank's strategy is to build the leading Africa-focused financial services organization using all its competitive advantages to the full.
The Challenge
Standard Bank of South Africa Ltd purchased the Retina vulnerability management solution to reduce the risk of security breaches and shrink the organization’s attack surface. The bank frequently uses Retina's capabilities such as agentless network scanning, web application scanning, virtual environment scanning, patch management module, configuration compliance, and regulatory reporting module. The bank addresses compliance regulations such as PCI DSS and SOX with their Retina vulnerability management solution.
The Solution
The bank implemented the Retina vulnerability management solution to reduce the risk of security breaches and shrink the organization’s attack surface. The solution offers agentless network scanning, web application scanning, and virtual environment scanning capabilities that the bank uses frequently. Additionally, the solution provides a patch management module, configuration compliance, and a regulatory reporting module that helps the bank comply with PCI DSS and SOX regulations. The bank evaluated other vendors such as McAfee and Qualys before choosing BeyondTrust's Retina solution.
Operational Impact
  • The bank was able to gain visibility into exposures across multiple layers of infrastructure
  • The solution helped the bank understand the operational implications of vulnerabilities
  • The bank was able to report risk to IT administrators, management and/or auditors
  • The solution helped the bank identify and prioritize remediation tactics
  • The bank was able to patch/update assets with greater efficiency
Quantitative Benefit
  • Increased vulnerability management efficiency by 50-74%
  • Reduced security exposures in their organization by 25-49%

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