Financial Services Company Protects PII and Easily Passes IT Audits
Peoples Savings and Loan Company leverages the visibility provided by Netwrix Auditor to strengthen data security and streamline compliance
Irvine, CA, April 25, 2017
Netwrix Corporation, provider of a visibility platform for user behavior analysis and risk mitigation in hybrid environments, today announced that Peoples Savings and Loan Company uses Netwrix Auditor to gain control over access to sensitive data, minimize the risk of security compromise and pass IT audits with far less effort.
Peoples Savings and Loan Company is an Ohio-based firm that provides financial services. The company has to comply with federal and state government regulations because it stores and processes personally identifiable information (PII), including financial information about loans, transactions, credit history, etc. The company undergoes external IT exams every 18 months and IT audits every 12 months. Failure to comply with the required security controls could lead to a breach and expose the company to liability risks, so it was critical to gain visibility into all user activity across the IT environment.
After carefully evaluating a number of solutions, the company opted for Netwrix Auditor due to its powerful functionality and simplicity. The software enabled the company to achieve the following results:
- Robust security of sensitive data. The software delivers visibility into what is happening across the IT infrastructure and who has access to which files. With this information at hand, the IT team can quickly follow up on suspicious activity, such as numerous failed access attempts or manipulation of files during non-business hours, and ensure that users have access to only the data they need to do their jobs.
- Control over privileged users. When vendors access the internal systems for maintenance or employees do something outside their normal responsibilities or prohibited (for example, change settings, use the command prompt or launch a program that they do not typically run), the software records those sessions for later review by the IT team.
- Streamlined audit checks. Simply by printing out the reports and email notifications generated by Netwrix Auditor, the IT team can provide auditors with sufficient evidence that controls are in place and regularly monitored. Predefined reports and Interactive Search make it easy to address specific questions.
"With Netwrix Auditor, it takes me only 30–40 minutes per day to go through the reports to see if security policies are being followed and if anything requires my attention. Exams and audits go very smoothly. I can provide any required audit data and prove that information security controls have been in place at all times. It’s an easy-to-use solution that enormously simplifies security and compliance tasks," said Bryan Baynes, Network Administrator at Peoples Savings and Loan Company.
"Keeping the IT infrastructure running and staying compliant is an incredibly effort-intensive task. Without profound visibility into user activity across the IT environment, it’s like trying to survive in a dark forest full of dangerous creatures — you simply don’t know what is happening around you, and you can’t assess your risks and be proactive," said Michael Fimin, CEO and co-founder of Netwrix. "A comprehensive and precise view of the entire IT environment empowers organizations with knowledge about security gaps and suspicious activities, enabling them to act before an incident turns into a disaster."
To read the complete case study, please visit: www.netwrix.com/go/peoplessavingsandloancompany
About Netwrix Corporation
Netwrix Corporation was the first vendor to introduce a visibility and governance platform for hybrid cloud security. More than 160,000 IT departments worldwide rely on Netwrix to detect insider threats on premises and in the cloud, pass compliance audits with less effort and expense, and increase productivity of IT security and operations teams. Founded in 2006, Netwrix has earned more than 100 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S. For more information, visit www.netwrix.com
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