Cybersecurity solutions company Palo Alto Networks has been tapped by Union Bank of the Philippines (UnionBank) to enhance security and protect vulnerable digital infrastructure.
UnionBank required a comprehensive cybersecurity solution that would secure on-premise and cloud infrastructure, adhere to regulatory requirements, scale security operations to support innovation, replace legacy systems, and create consistency in solution deployment for its digital transformation initiatives.
In response, PANW equipped UnionBank with next-generation firewall (NGFW) capabilities and enhanced access to real-time threat intelligence that dissected and inspected traffic to prevent threats in the bank’s digital platform.
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“Our collaboration with UnionBank empowers us to understand the gaps in protection and drive innovative solutions that will protect Filipinos against the increasing number of financial threats such as phishing and malware,” said Oscar Visaya, country manager for the Philippines at Palo Alto Networks.
“The rule of thumb is quite simple, really. As your customer base grows, so does your technology footprint with respect to cybersecurity. The bigger your digital and information assets are, the bigger the target you are for cybercriminals,” said Joey Rufo, Senior Vice President and Chief Information Security Officer & Data Protection Officer at UnionBank.
The machine learning-powered NGFW classifies all applications on all ports, all the time. It enforces security policies for any user, anywhere, and extends native protection across all attack vectors with cloud-delivered security subscriptions to consolidate Threat Prevention, URL filtering, and anti-malware. The automatable virtual machine series and virtual NGFWs are also scalable to seamlessly deploy in any virtual or cloud environment.
“UnionBank realized a 50% time reduction in conducting real-time threat intelligence after securing our infrastructure with Palo Alto Networks. We are also confident that these benefits will extend to our cloud environment,” said Rufo.