Workers Savings Bank has boosted its security and administrative efficiency by partnering with One Identity.
One Identity, which helps organisations get identity and access management (IAM) right, has been chosen by Slovenian bank, Delavska hranilnica (Workers Savings Bank). Through deployment of its One Identity Safeguard privileged access management (PAM) solution, the bank said it has improved security and simplified compliance while speeding up the time it takes for administrative password changes from 15 minutes to just seconds.
Delavska hranilnica evaluated leading enterprise PAM solutions, looking for one that would provide improved controls, insight and reporting, while also simplifying regulatory compliance. The bank found that it could address all of its challenges with One Identity Safeguard, engaging with One Identity partner ADM Adria to help with implementation.
IT employees manage privileged access through Safeguard via an intuitive console, which they can access remotely. Staff can set up orchestrations that give them one-click access to approved privileged accounts and they no longer have to manage separate software agents to control administrator access.
Jackson Shaw, senior director of product management for One Identity said, “When administrators access Safeguard, they can quickly see a comprehensive view of privileged accounts, including which users made what changes, to which systems, when and why. This also greatly simplifies compliance with regulations such as GDPR in Europe.”
Led by chairman and CEO Jeff Shaw, One Identity offers a combination of offerings including a portfolio of identity governance, access management and privileged management, and identity as a service to help organisations reach ‘their full potential, unimpeded by security yet safeguarded against threats’.
Its identity governance solution provides governance for all your identities, data and privileged access with visibility, reduced risk and increased control on-prem, hybrid or cloud. It also companies to enhance security by continuously monitoring for violations and vulnerabilities to highlight areas of high-risk and mitigate those risks before an issue occurs.
For financial services, One Identity helps reduce concerns about complex and ever-changing IT environments, data breaches and theft, potential weaknesses and unforeseen risks, fluid regulatory requirements, and rapid and secure user access in the age of digital transformation.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
