IBM Case Studies A payment services firm in Russia locks down security with an intelligent approach

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	A payment services firm in Russia locks down security with an intelligent approach IBM

A payment services firm in Russia locks down security with an intelligent approach

IBM

Technology Category	Cybersecurity & Privacy - Cloud Security Cybersecurity & Privacy - Database Security
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Cybersecurity Regulatory Compliance Monitoring
Services	Cybersecurity Services System Integration
Challenge	QIWI plc, a payment services company in Russia, was facing a challenge with its security operations. Despite never experiencing a serious security breach, the company's confidence was dwindling due to its reliance on a disparate set of security solutions. It lacked a clear hierarchy among security notifications and had limited visibility into cross-platform threats. The company needed a solution that could consolidate security events, identify and analyze threats, and prioritize mitigation efforts. Read More
About Customer	QIWI plc is a payment services company headquartered in Moscow, Russia. The company operates a processing platform that facilitates online payments across physical, online, and mobile channels. It also has a network of more than 175,000 kiosks and terminals. The company's primary role is to facilitate the movement of money between individuals and businesses, making security a top priority. Despite never experiencing a serious security breach, QIWI was looking for a way to bolster its security operations and increase its confidence in handling potential threats. Read More
Solution	QIWI implemented a new security intelligence solution that automatically logs security events from thousands of devices and over 1,800 event sources. The solution consolidates these events on a single system and uses sophisticated algorithms to identify and analyze true threats. By automatically prioritizing mitigation efforts, the solution helps QIWI’s security staff address threats promptly and proactively. It also has the capability to selectively block threatening users, IP addresses, or domains. The solution components include IBM Guardium and IBM Security QRadar SIEM. Read More Log in to view content
Contents

Technology Category

Cybersecurity & Privacy - Cloud Security

Cybersecurity & Privacy - Database Security

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Cybersecurity

Regulatory Compliance Monitoring

Services

Cybersecurity Services

System Integration

Challenge

QIWI plc, a payment services company in Russia, was facing a challenge with its security operations. Despite never experiencing a serious security breach, the company's confidence was dwindling due to its reliance on a disparate set of security solutions. It lacked a clear hierarchy among security notifications and had limited visibility into cross-platform threats. The company needed a solution that could consolidate security events, identify and analyze threats, and prioritize mitigation efforts.

About Customer

QIWI plc is a payment services company headquartered in Moscow, Russia. The company operates a processing platform that facilitates online payments across physical, online, and mobile channels. It also has a network of more than 175,000 kiosks and terminals. The company's primary role is to facilitate the movement of money between individuals and businesses, making security a top priority. Despite never experiencing a serious security breach, QIWI was looking for a way to bolster its security operations and increase its confidence in handling potential threats.

Solution

QIWI implemented a new security intelligence solution that automatically logs security events from thousands of devices and over 1,800 event sources. The solution consolidates these events on a single system and uses sophisticated algorithms to identify and analyze true threats. By automatically prioritizing mitigation efforts, the solution helps QIWI’s security staff address threats promptly and proactively. It also has the capability to selectively block threatening users, IP addresses, or domains. The solution components include IBM Guardium and IBM Security QRadar SIEM.

Impact #1	The new security solution simplifies QIWI's security operations and eliminates redundancies, reducing costs.
Impact #2	The solution increases efficiency by standardizing event management and allowing users to track several events simultaneously.
Impact #3	The solution bolsters QIWI's reputation by helping manage compliance with industry regulations and showing a commitment to data security.

Impact #1

The new security solution simplifies QIWI's security operations and eliminates redundancies, reducing costs.

Impact #2

The solution increases efficiency by standardizing event management and allowing users to track several events simultaneously.

Impact #3

The solution bolsters QIWI's reputation by helping manage compliance with industry regulations and showing a commitment to data security.

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Overview

A payment services firm in Russia locks down security with an intelligent approach

Operational Impact