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Use Case: Securing Privileged Access to Critical Financial Infrastructure

CYV-BMC-ACCESS CONTROL USE CASE

Industry

Financial Services

Challenge

A major commercial bank's fragmented, manual access control system failed to secure privileged accounts and high-risk configuration points (like core banking application servers and payment gateway systems), leaving them vulnerable to insider tampering and unauthorized system configuration changes that risked major financial loss and severe regulatory fines (CBN, PCI DSS).

Results

The organization achieved real-time governance over privileged accounts, saw a 75% reduction in unauthorized access attempts on critical financial systems, and established an automated, auditable chain of custody for all security-critical changes, ensuring compliance with banking regulations.

Key Product

CPM , DSPM

Overview

Cybervergent is a comprehensive solution designed to enhance security, compliance, risk, and privacy management for organizations.

With both on-premises and cloud capabilities, it seamlessly integrates with third-party APIs, platforms, and systems.

The Cybervergent Platform helps with data protection and governance to ensure that organizations meet global regulations while maintaining operational efficiency.

The Challenge

A leading commercial bank faced immense complexity in securing its most critical assets: the servers hosting its core banking applications, payment gateways, and high-value customer data repositories. The challenge was not external attacks, but insider risk and unauthorized system configuration changes due to weak Privileged Access Management (PAM).

The bank’s legacy access control mechanisms were fragmented, relying on generic shared accounts and inadequate log review. This lack of centralized control meant any privileged user (IT staff, vendor technicians) could potentially tamper with system configurations, access customer information and exploit vulnerabilities.

This critical gap in privileged access governance created a high-risk environment for fraud, massive financial loss, and guaranteed failure in mandated regulatory audits (e.g., PCI DSS for payment security).

The Cybervergent Solution

The Cybervergent Platform was deployed to centralize and automate the governance of all privileged access and critical system controls, transforming the bank's security posture with:

Access Controls Enhancement & Least Privilege: Cybervergent implemented robust Privileged Access Management (PAM) controls to secure all high-risk endpoints. This included strengthening authentication protocols for direct access to core banking application servers and physical security systems.

Automated Policy Enforcement: The platform’s Governance module enforced strong access policies automatically. This ensured that only authorized, authenticated personnel could execute sensitive commands or make configuration changes.

Continuous Monitoring & Audit Trail: The Monitor feature continuously tracked all privileged sessions and access attempts on high-risk devices. It logged every action in an immutable audit trail, providing real-time detection of suspicious activity and ensuring all activity was auditable for CBN and PCI DSS compliance.

The Results

By deploying Cybervergent's access control and continuous governance capabilities, the financial institution transformed its security posture over critical infrastructure and privileged accounts.

The immediate impact included a 75% reduction in unauthorized access attempts on high-risk systems and a significant mitigation of potential insider fraud risk.

Secure your core banking systems. Prevent insider fraud. Lead securely with Cybervergent.