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Greater Visibility into Trading Floor Communications Saves This Bank $7 Million in Projected Investigation Costs - Forcepoint Industrial IoT Case Study
Greater Visibility into Trading Floor Communications Saves This Bank $7 Million in Projected Investigation Costs
In the highly regulated world of investment banking, new communication channels like Skype and WhatsApp, and web forums like Investopedia, are raising the risk of widespread abuse, whether through insider trading, fraud, or leaks of sensitive company information. This bank’s operations and compliance leadership knew they needed a better way to stay close to trader conversations and safeguard the trading floor. The bank’s monitoring technology was obsolete and required a high level of manual intervention to identify and investigate potential compliance issues. With essentially just an email archiving system, investigators had to build lists of words indicative of insider trading activity and conduct manual searches within the archives to build cases.
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Greater Visibility into Trading Floor Communications Saves This Bank $7 Million in Projected Investigation Costs - Forcepoint Industrial IoT Case Study
Greater Visibility into Trading Floor Communications Saves This Bank $7 Million in Projected Investigation Costs
The international banking group was facing challenges in meeting SEC compliance regulations due to the increasing use of personal messaging channels and web forums by traders. The bank's existing monitoring technology was outdated and required a high level of manual intervention to identify and investigate potential compliance issues. The system was not covering the full spectrum of modern communication channels and offered no systematic ways to flag potential indicators of fraudulent behavior. These time-consuming investigations, a vast majority of them false positives, were costing the bank millions of dollars.
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Global Food Processing Organization Increases Online Connectivity Speeds by Up to 12 Times to Empower Rapid Innovation - Forcepoint Industrial IoT Case Study
Global Food Processing Organization Increases Online Connectivity Speeds by Up to 12 Times to Empower Rapid Innovation
The global leader in animal nutrition and aquafeed was facing challenges with slow internet speeds in some of its locations, which was impacting productivity and research efforts. The company was also growing through the acquisition of several smaller companies, which complicated security matters as new systems were brought into their network that may not always have strong cybersecurity in place. The company was a target for C-level spoofing and phishing attempts targeting revenue exfiltration. The company needed to reduce the potential for risky user web browsing or the opening of bogus or malware-riddled emails.
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Forcepoint Helps FinTech Company Stay Up and Running Safely - Forcepoint Industrial IoT Case Study
Forcepoint Helps FinTech Company Stay Up and Running Safely
The financial services technology organization faced the challenge of protecting sensitive customer data and end users while delivering constant access to the network to maximize employee productivity. The company needed to maintain a balance between giving employees enough control to do their jobs while keeping the network running and secure. The risk of network downtime, which would cost the company significant funds and productivity, was a significant concern.
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Data is the New Oil, and This Enterprise Keeps its Competitive Edge by Protecting Both with Forcepoint - Forcepoint Industrial IoT Case Study
Data is the New Oil, and This Enterprise Keeps its Competitive Edge by Protecting Both with Forcepoint
The company, a Fortune U.S. 50 enterprise oil and gas company, was facing a significant challenge in securing its critical proprietary data from people-based vulnerabilities. The company's task force identified that the biggest risk was employees leaving the company, who could potentially exfiltrate proprietary information. The company was aware of data leaks but lacked the ability to understand if they were accidental or malicious. The company needed a solution that could provide irrefutable evidence in case of litigation and help them get ahead of potential leaks.
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Comdata uses Forcepoint to protect critical data without compromising workforce productivity - Forcepoint Industrial IoT Case Study
Comdata uses Forcepoint to protect critical data without compromising workforce productivity
Comdata Group, a global leader in customer interaction and process management services, faced a significant challenge in protecting sensitive and critical data as it expanded abroad through acquisitions. The company recognized the importance of focusing on the most valuable layer of their information, related to strategic plans, economics, or synthesis of production trends. They needed to overcome their pre-existing open source solutions, which were burdensome in terms of maintenance and dedicated resources, and make room for technologies that could provide greater automation and continuous evolution. The solutions needed to respond promptly to evolving threats and, with a cloud component, also provide protection on the mobility front.
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