Bringing modern
cybersecurity
to finance

Trusted solutions for financial industry
Challenges
Solution

Trusted solutions for financial industry

In finance, actual funds are the core asset. Funds can be earmarked for addressing various tasks, including corporate development. A major part of operations in financial institutions is related to bank transactions, and modern IT and automation tools are widely used for such tasks. Finance is rightfully considered one of the most automated economic sectors.

In the modern world, it is safe to say that money is yet another type of information. At its core, money is information about financial resources owned by legal entities or individuals. It is becoming increasingly easy to manage digital money in your bank account, do cashless shopping, and send funds to other accounts, and we can safely store substantial amounts in the bank. This means that over time, cash use is likely to continue downscaling.

Financial institutions, especially those operating in the banking sector, place a major focus on information security issues. In no small part this has to do with the fact that unauthorized access to financial resources enables attackers to steal funds almost immediately (which is not true for sectors focusing on other resources, for example, manufacturing or public sector).

This is why despite top security levels, the financial sector remains one of the main targets of cyberattacks. Criminals mainly target financial systems where they can make quick profits.

Challenges

Information systems used by financial institutions often include multiple security perimeters. The perimeter that serves financial transactions plays a special part in the system, and therefore, must meet high standards in terms of information security. That said, several major threats may still apply throughout the financial sector.

Financial fraud. People who have direct access to financial systems and resources may be tempted to take advantage of this situation and improve their financial state by breaking the law. This may apply not only to economists and operators but also to technical maintenance staff.
Social engineering. Social engineering is becoming an increasingly popular method of cyberattacks on financial institutions. For instance, criminals may use social engineering to induce users to reveal their credentials or make unauthorized bank transfers.
Identity theft. Financial institutions store large volumes of personal data about their retail and corporate clients. Stolen personal data can be used for direct attacks on their owners.

Solution

Most attacks aimed at gaining access to corporate IT infrastructure target access control systems, in particular, the subsystem responsible for identification, authentication, and access control.

Axidian solutions can help address the following tasks relevant for financial institutions:

Create a unified authentication management system based on mandatory strong authentication — Axidian Access
Monitor the activity of privileged users, including economists, financial system operators, and system administrators, to detect fraudulent activity and eliminate the consequences of system failure — Axidian Privilege
Manage password requirements and monitor password use across various target systems — Axidian Access and Axidian Privilege
Minimize the impact on the server and critical components of financial systems with isolated software environments to meet the requirements of financial platform developers — Axidian Access and Axidian Privilege.

Axidian offers reliable solutions to protect your business from diverse cybersecurity threats. Axidian products incorporate a wide range of tools designed to protect and safely manage user access. In addition, our solutions can save cybersecurity experts’ time and boost their efficiency.

Solutions for finance

Replace passwords with biometric authentication

Implement two-factor authentication based on smart cards

Create a single access point to the corporate applications

Secure remote access to corporate resources

Protect passwords of privileged accounts

Log events and investigate incidents

Secure vendor access to corporate infrastructure

Meet the PCI DSS requirements

Finance

Telecom

manufacturing

Retail

government

Transport

Andy Woo

Regional Director of Pacific Tech

At Pacific Tech, we are continuously evolving and bringing new solutions to our partners and customers in the region. We are delighted to be partnering with Axidian. With Axidian, we found a comprehensive access management solution which perfectly complements the growing population of Singapore work-from-home workers. As a leading cyber security solution provider, this strategic partnership is perfect for our two companies.

KC KuppingerCole Report

Executive view

Axidian’s innovative approach towards designing its whole product portfolio as a highly modular open application platform allows the customers to pick and choose the modules as needed and grow in the future as their business needs expand. Even out of the box, Axidian CertiFlow provides comprehensive yet convenient management capabilities for both administrators and end users.

Michael Bürger

Founder & Sales Partner at EU-HUB Network

Since approximately 5 years now I’m working with Axidian quite successfully. First as my vendor client and next as a trusted innovative software partner. Now we are re-selling Axidian software as a Distributor for the EU and beyond. Often I met Axidian CEOs, CTO, Product Management, Partner Managers and System Engineers, on the the phone and even in person in London and Munich and always my feeling was that this is are smart people, an excellent organized company, straight forward thinking and | don’t have any doubt that together we will be very successful this decade in the 2020s on everything we target.

Leo Querubin

Executive Director for Business Development of Pointwest Technologies Corporation

The products of Axidian, like Axidian Access, a software for strong and multi-factor authentication (MFA), can provide the structural changes that force everyone to follow necessary cybersecurity procedures. Customers get the best of both worlds — the world-class cybersecurity products of Axidian and the experience and expertise of the local cybersecurity landscape of Pointwest.

Volkan Duman

Information Technologies General Manager at vMind

As a result of the long-term laboratory tests and studies that we conducted, we believe that Axidian products should certainly be on the Turkish market. Thanks to our partnership with Axidian, we sought to expand the access control and certificate management market, which is located in a narrow profile in the country, as well as add value by transferring technology to our country. When we compare Axidian products with similar products, we can safely say that they contain much more different features and are more inclusive.

Marko Pust

Director of OSI.SI

We have a long partnership with Axidian for more than 2 years already. I can confidently say that Axidian CertiFlow is one of the best and technologically enhanced products for managing digital certificates and smart cards on the EU market. This product has a number of unique features such as Client Agent and Axidian AirCard Enterprise network-attached smart card that are highly valued by our customers. One of the customers said that Axidian CertiFlow brought automation and visibility to their PKI life.

Heng Lie

Director of Synnex Metrodata Indonesia

I believe that Axidian Access is an excellent solution for many of our clients. It manages access to all information systems of the enterprise and protects companies from internal and external cyber threats. It is a flexible platform combining different authentication scenarios and methods.

Sergey Yeliseyev

X–Infotech Owner, Business Development Director, Government eID solutions

Axidian is the company of professionals in the field of information security. They provide top-level solutions for PKI management and access control to corporate resources. We recommend this company as a reliable partner.