CheckPoint Software Case Studies Banco del Pacifico Enhances Cybersecurity with Check Point Solutions

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	Banco del Pacifico Enhances Cybersecurity with Check Point Solutions CheckPoint Software

Banco del Pacifico Enhances Cybersecurity with Check Point Solutions

CheckPoint Software

Technology Category	Networks & Connectivity - Gateways Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries	Finance & Insurance National Security & Defense
Use Cases	Inventory Management Tamper Detection
Challenge	Banco del Pacifico, the second largest bank in Ecuador, was facing an escalating scale and growing sophistication of cybercrime. The bank was witnessing a significant increase in the volume and complexity of cyberattacks, some of which were designed to disrupt day-to-day banking activities, while others were aimed at financial gain. The bank needed to improve the efficiency, visibility, and control of its in-house security resources to protect its assets and customers' money from thefts. The challenge was to defend against these advanced threats and safeguard the bank's deposits and other assets from cybercriminals. Read More
About Customer	Banco del Pacifico is the second largest bank in Ecuador and is recognized as a pioneer of the Ecuadorean banking sector. Founded in 1972, it was the first bank in the country to introduce ATMs and the first to create networked banking. The bank is currently undertaking a comprehensive digital transformation program to advance its leadership in online and mobile banking. As one of Ecuador’s leading financial institutions, Banco del Pacifico is all too familiar with cyberattacks and is constantly seeking ways to enhance its cybersecurity measures. Read More
Solution	Banco del Pacifico turned to Check Point's advanced security solutions to address its cybersecurity challenges. The bank implemented Check Point SandBlast Network and Check Point R80.10 Security Management. The Check Point Next Generation Gateway served as the bank’s internal and external firewall, meeting datacenter demands for power, performance, and scalability. Check Point Next Generation Threat Prevention and SandBlast Network were used to protect the bank’s perimeter. This provided the bank with multi-layered protection, preventing known threats and zero-day attacks. SandBlast Threat Emulation technology was used to monitor and inspect CPU-level instruction flow to detect attacks attempting to bypass operating system security controls. SandBlast Threat Extraction then removed dangerous content, reconstructed files to eliminate potential threats, and promptly delivered secure content to the bank’s users. The bank also added Check Point Security Management R80.10 to its security portfolio, which provided advanced threat prevention across networks and cloud, managed through a single security management platform and console. Read More Log in to view content
Contents

Technology Category

Networks & Connectivity - Gateways

Platform as a Service (PaaS) - Application Development Platforms

Applicable Industries

Finance & Insurance

National Security & Defense

Use Cases

Inventory Management

Tamper Detection

Challenge

Banco del Pacifico, the second largest bank in Ecuador, was facing an escalating scale and growing sophistication of cybercrime. The bank was witnessing a significant increase in the volume and complexity of cyberattacks, some of which were designed to disrupt day-to-day banking activities, while others were aimed at financial gain. The bank needed to improve the efficiency, visibility, and control of its in-house security resources to protect its assets and customers' money from thefts. The challenge was to defend against these advanced threats and safeguard the bank's deposits and other assets from cybercriminals.

About Customer

Banco del Pacifico is the second largest bank in Ecuador and is recognized as a pioneer of the Ecuadorean banking sector. Founded in 1972, it was the first bank in the country to introduce ATMs and the first to create networked banking. The bank is currently undertaking a comprehensive digital transformation program to advance its leadership in online and mobile banking. As one of Ecuador’s leading financial institutions, Banco del Pacifico is all too familiar with cyberattacks and is constantly seeking ways to enhance its cybersecurity measures.

Solution

Banco del Pacifico turned to Check Point's advanced security solutions to address its cybersecurity challenges. The bank implemented Check Point SandBlast Network and Check Point R80.10 Security Management. The Check Point Next Generation Gateway served as the bank’s internal and external firewall, meeting datacenter demands for power, performance, and scalability. Check Point Next Generation Threat Prevention and SandBlast Network were used to protect the bank’s perimeter. This provided the bank with multi-layered protection, preventing known threats and zero-day attacks. SandBlast Threat Emulation technology was used to monitor and inspect CPU-level instruction flow to detect attacks attempting to bypass operating system security controls. SandBlast Threat Extraction then removed dangerous content, reconstructed files to eliminate potential threats, and promptly delivered secure content to the bank’s users. The bank also added Check Point Security Management R80.10 to its security portfolio, which provided advanced threat prevention across networks and cloud, managed through a single security management platform and console.

Impact #1	The implementation of Check Point's advanced security solutions has significantly enhanced Banco del Pacifico's cybersecurity measures. The bank's assets and customers' deposits are now better protected from the growing threats posed by sophisticated and determined cybercriminals, especially with the proliferation of spear phishing and ransomware attacks. Check Point’s Next Generation gateways have strengthened the bank’s firewalls, while SandBlast identifies potential threats and removes them before they can penetrate the bank’s defenses and endanger its network operations. The bank has also been able to optimize their security resources by delivering valuable innovation and process improvements, such as the adoption of secure teleworking, which has increased productivity and lowered costs.

Impact #1

The implementation of Check Point's advanced security solutions has significantly enhanced Banco del Pacifico's cybersecurity measures. The bank's assets and customers' deposits are now better protected from the growing threats posed by sophisticated and determined cybercriminals, especially with the proliferation of spear phishing and ransomware attacks. Check Point’s Next Generation gateways have strengthened the bank’s firewalls, while SandBlast identifies potential threats and removes them before they can penetrate the bank’s defenses and endanger its network operations. The bank has also been able to optimize their security resources by delivering valuable innovation and process improvements, such as the adoption of secure teleworking, which has increased productivity and lowered costs.

Benefit #1	Prevented advanced threats from entering the network
Benefit #2	Established a single security management platform, improving visibility of threat landscape
Benefit #3	Safeguarded bank deposits and other assets from cybercriminals

Benefit #1

Prevented advanced threats from entering the network

Benefit #2

Established a single security management platform, improving visibility of threat landscape

Benefit #3

Safeguarded bank deposits and other assets from cybercriminals

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Overview

Banco del Pacifico Enhances Cybersecurity with Check Point Solutions

Operational Impact

Quantitative Benefit