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.
Cybervergent helps with data protection and governance to ensure that organizations meet global regulations while maintaining operational efficiency.
The Challenge
A multinational bank faced a persistent and sophisticated phishing campaign targeting employees across multiple departments. Attackers used highly realistic emails mimicking internal communications and trusted vendors to trick staff into revealing login credentials or downloading malware.
The Financial Services industry is the top target for cybercriminals due to the high value of financial data. Phishing remains the primary vector for initial compromise. A successful attack can lead to unauthorized access to core banking systems, SWIFT fraud, and massive regulatory fines under frameworks like PCI DSS and GDPR.
Failure to detect and stop these attacks at the email gateway would expose the bank to unauthorized system access, potential ransomware deployment, and the theft of sensitive customer financial data. This would result in severe financial losses, regulatory penalties, and a devastating loss of customer trust.
The Email Security Solution
The Cybervergent Platform's Email Security solution helps financial institutions secure their primary communication channel using:
Immediate Email Quarantine: The system automatically detects and quarantines suspicious emails upon arrival, preventing users from accessing harmful content or attachments and effectively halting the spread of the phishing campaign.
Automated Incident Response: The security team is immediately notified, and the system prioritizes response actions to identify compromised accounts and mitigate the impact swiftly.
Advanced Threat Intelligence: Utilizing real-time threat data, the system blocks further delivery of phishing emails from known bad actors and reports incidents for potential legal action.
Access Control Enforcement: The platform supports the enforcement of Multi-Factor Authentication (MFA) and stringent access controls to mitigate the risk of unauthorized access, even if credentials are compromised.
The Result
By leveraging Cybervergent Email Security, the bank transformed its defense against phishing from reactive to proactive. The system's automated quarantine capability neutralized the attack before any employee could fall victim. The security team used the platform's insights to rapidly identify the attack vector and reinforce defenses. This prevented a potential data breach, ensured the integrity of the bank's sensitive financial data, and demonstrated a robust security posture to regulators and customers alike.
