Case Study: the changing face of threats

About the customer

Founded in 1863, this company* specialises in risk management and financial services, they offer reinsurance and insurance solutions on a worldwide scale. Recognised for their expertise, they play a pivotal role in supporting primary insurance companies in managing complex risks. The organisation is a key player in shaping the global landscape of the reinsurance industry.

_{*Due to the nature of the business, the name of the organisation featured in this story has been kept anonymous in order to protect the integrity of their work.}

What's the story?

Facing security challenges stemming from evolving financial regulations and the looming risk of malware compromising their web applications, the company sought advice. The deployment of OPSWAT MetaDefender enabled them to effectively combat these issues. OPSWAT technology is used to scan and validate incoming files using multi scanning technology, ensuring that the files are free from malware. This collaboration not only trimmed response times and bolstered advanced malware detection but also provided scalable web application security, directly addressing their unique challenges.

The insurance industry's digital transformation over the last decade has brought improved customer experiences, operational efficiency and cost reduction. However, this shift also made it a prime target for cyber criminals aiming to exploit vulnerabilities and gain unauthorised access to sensitive data.

As a key player in reinsurance, this company manages vast amounts of sensitive client data, necessitating comprehensive cybersecurity measures. Compliance with financial regulations, including DORA and EU GDPR, is also critical to ensuring data privacy and preventing financial crimes.

Challenges Addressed

• ‍Global-Scale File Upload Security

Challenge: the company faced challenges with infected file uploads to their web portals, risking the security and compliance of their network.

Solution: OPSWAT's solution enables scanning files at the network edge, ensuring security without compromising workflow or availability.‍

• ‍Client Personal Data Security

Challenge: Compliance with DORA and GDPR requires the utmost security for client personal data.

Solution: OPSWAT MetaDefender technology meets and/or exceeds regulatory requirements, protecting web applications from malicious uploads.

• ‍Solutions Deployed

The company implemented OPSWAT MetaDefender ICAP Server on Azure Container Instances, integrating it with an API Gateway. This combination allows the validation and scanning of incoming files, protecting the infrastructure from malicious payloads and data loss.

To secure customer data and business document traffic, the customer utilizes MetaDefender ICAP Server deployed in Azure Container Instances.

1.       Protect the network: scan any file uploaded by partners or customers at the network edge, before it reaches their web applications

2.      Ensure the security of client personal data to meet FINMA and GDPR requirements

3.      Automation and ease of integration-configure, set up, and manage the deployment with minimal effort

Results Achieved

Reduced Response Times: The unified platform enables the company to monitor and respond to threats efficiently, facilitating quick triage of potential risks.

Advanced Malware Detection: OPSWAT's Multi scanning technology ensures thorough file scanning for malware with detection rates exceeding 99%, incorporating multiple antivirus engines.

Efficient Deployment: OPSWAT's MetaDefender ICAP Server integrates seamlessly with various infrastructure components, providing a plug-and-play toolkit that can be deployed in minutes.

Overall, this company has experienced faster deployment, higher performance, and greater scalability, resulting in significant cost savings. They can confidently extend OPSWAT technologies to secure new applications as they expand their footprint, ensuring enterprise-class performance and superior service in handling their web application traffic.

For more information on our secure file transfer solutions, click here.

_{Note: this case study was originally produced by our OPSWAT partner.}