Zero Trust Segmentation protects critical banking systems

Illumio keeps financial services operational

Financial services are critical infrastructure

The deep interdependencies between banks, the local and global economies they serve, and the potential threats instability poses means organizations must deliver services reliably while ensuring they protect customer data, adhere to regulations, and maintain trust.

Why is cybersecurity essential to banking and financial services?

Protect customer data

Achieve regulatory compliance

Enable digital transformation

Disruption is prevalent and costly

Financial services was the top industry targeted by cybercriminals from 2016-2020

The average cost of a data breach in financial services reached $5.97 million in 2021, 37% higher than the average across other industries according to the Cost of a Data Breach Report 2022

In banking, lost business accounts for 55% of the cost of a breach

Cyber resilience requires an “assume breach” mindset

The goal of cyber resilience is to maintain an organization's ability to deliver services continuously even when regular delivery mechanisms have failed, such as during a crisis or after a security breach.

Cyber resilience acknowledges that attackers will use every tool available to breach a network – this is the definition of an "assume breach" mindset. Businesses must be able to prepare, prevent, respond, contain, and successfully recover when the network is compromised.

Challenges to cyber resilience in financial services

A diverse technology estate makes consistent security posture challenging
Getting value from new capabilities is often slow because of complex processes
Regulatory demands like PCI-DSS scoping often force over-burdening of controls
The pressure to accelerate digital transformation leads to an uneasy balance between productivity and security
Highly interconnected banking applications (both within the bank and with third parties) are at an increased risk of supply chain attacks

Illumio's value to the banking sector

Illumio enables banks to prevent cyberattacks from causing major business failures by stopping ransomware and breaches from spreading to critical systems and data.

This ensures that customer data, brand reputation, and regulatory compliance are protected.

How does Illumio help?

Protect customer data

Understand all access to systems that handle the enterprise’s critical data
Implement security policies to limit access to systems
Report and analyze all traffic that does not match rules

Achieve regulatory compliance

Map dependencies of in-scope applications
Protect regulated applications with granular segmentation policies
Monitor policy and connectivity for compliance violations

Enable digital transformation

Visualize relationships between application components across the data center and cloud
Secure applications consistently as they transform from on premises to cloud native
Integrate with DevOps processes to automate security at scale

How Illumio provides cyber resilience to
banking and financial businesses around the world

“Illumio CloudSecure will provide visibility and control over our cloud-native applications, so we can understand and respond to risk across clouds and on-premises environments together, to enhance resiliency, maintain compliance, and ultimately protect our business and our customers.”

Anonymous
Leading Australian financial institution

“Segmentation became an imperative next step to mitigate risk and protect new and legacy workloads. We needed a way to accurately identify, visualize, and control lateral traffic.”

Nathan Powell
IT Operations Manager
Investa

“Microsegmentation is a key control to protect company assets and limit the blast radius of a breach or ransomware attacks. We knew it would put the business in a much better place from a risk perspective.”

Anonymous
West Bend Mutual Insurance

“Illumio is a strategic partner in our Zero Trust journey...Illumio Core will only further our ability to create and enforce modern security policy and transition parts of our business to the cloud with confidence and at hyper-scale.”

Jessica Ferguson
CISO
DocuSign