Imperva Case Studies Global Bank Achieves $90 Million Savings with Imperva Data Security

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	Global Bank Achieves $90 Million Savings with Imperva Data Security Imperva

Global Bank Achieves $90 Million Savings with Imperva Data Security

Imperva

Technology Category	Application Infrastructure & Middleware - Database Management & Storage Infrastructure as a Service (IaaS) - Cloud Databases
Applicable Industries	Finance & Insurance National Security & Defense
Applicable Functions	Quality Assurance
Use Cases	Cybersecurity Inventory Management
Services	Cybersecurity Services Hardware Design & Engineering Services
Challenge	A leading global bank, operating in over 40 countries and serving over 38 million customers, was facing significant challenges in meeting key regulatory requirements such as the Monetary Authority of Singapore Technology Risk Management (MAS TRM), Reserve Bank of India (RBI) Guidelines, and Sarbanes-Oxley Act (SOX). The bank was using built-in auditing capabilities included with their databases to meet these requirements. However, these tools proved to be costly and unreliable, consuming 20% of their database processing power, requiring additional hardware and software purchases, and necessitating extra storage space for the massive volume of log data being collected. The bank also had to increase its IT headcount to manage the auditing system and run audit reports. The bank estimated that to make their in-house solution work effectively, it would cost them at least $100 million. Furthermore, the bank failed an audit due to their inability to produce consistent and repeatable audit reports that satisfied the different regulations. Read More
About Customer	The customer is a global banking and financial services company, one of the largest banks in the world. The bank operates in over 40 countries and provides a range of services including retail and business banking, wealth and investment management, and corporate and investment banking to over 38 million customers. Given its widespread presence, the bank is subject to a host of regulations such as the Monetary Authority of Singapore Technology Risk Management (MAS TRM), Reserve Bank of India (RBI) Guidelines, and Sarbanes-Oxley Act (SOX). Read More
Solution	The bank turned to Imperva Data Security, a market-leading database auditing and protection solution. This automated solution substantially reduced the three hidden cost areas associated with built-in database auditing. Imperva Data Security reduced the 20% increase in database processor utilization by 90%, saving the bank $70 million. The solution added just a 2% load on the database servers. With its ability to retain only relevant information, Imperva Data Security reduced storage cost to $29 million. Furthermore, 32 full-time IT employees were able to focus on other critical projects, translating into $3.3 million savings. Generating audit reports became less complex and required a smaller IT team to operate the solution. The bank’s auditors informed them that their reports were now more meaningful. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Database Management & Storage

Infrastructure as a Service (IaaS) - Cloud Databases

Applicable Industries

Finance & Insurance

National Security & Defense

Applicable Functions

Quality Assurance

Use Cases

Cybersecurity

Inventory Management

Services

Cybersecurity Services

Hardware Design & Engineering Services

Challenge

A leading global bank, operating in over 40 countries and serving over 38 million customers, was facing significant challenges in meeting key regulatory requirements such as the Monetary Authority of Singapore Technology Risk Management (MAS TRM), Reserve Bank of India (RBI) Guidelines, and Sarbanes-Oxley Act (SOX). The bank was using built-in auditing capabilities included with their databases to meet these requirements. However, these tools proved to be costly and unreliable, consuming 20% of their database processing power, requiring additional hardware and software purchases, and necessitating extra storage space for the massive volume of log data being collected. The bank also had to increase its IT headcount to manage the auditing system and run audit reports. The bank estimated that to make their in-house solution work effectively, it would cost them at least $100 million. Furthermore, the bank failed an audit due to their inability to produce consistent and repeatable audit reports that satisfied the different regulations.

About Customer

The customer is a global banking and financial services company, one of the largest banks in the world. The bank operates in over 40 countries and provides a range of services including retail and business banking, wealth and investment management, and corporate and investment banking to over 38 million customers. Given its widespread presence, the bank is subject to a host of regulations such as the Monetary Authority of Singapore Technology Risk Management (MAS TRM), Reserve Bank of India (RBI) Guidelines, and Sarbanes-Oxley Act (SOX).

Solution

The bank turned to Imperva Data Security, a market-leading database auditing and protection solution. This automated solution substantially reduced the three hidden cost areas associated with built-in database auditing. Imperva Data Security reduced the 20% increase in database processor utilization by 90%, saving the bank $70 million. The solution added just a 2% load on the database servers. With its ability to retain only relevant information, Imperva Data Security reduced storage cost to $29 million. Furthermore, 32 full-time IT employees were able to focus on other critical projects, translating into $3.3 million savings. Generating audit reports became less complex and required a smaller IT team to operate the solution. The bank’s auditors informed them that their reports were now more meaningful.

Impact #1	With the implementation of Imperva Data Security, the bank was able to meet key regulatory requirements and avoid failing audits. The solution provided a scalable and cost-effective audit and protection solution for over 3000 databases. The bank was able to deliver higher customer value through increased IT operational efficiency. The solution was flexible and transparent, and expanded security controls by protecting databases against attacks and threats. The bank's auditors informed them that their reports were now more meaningful, indicating an improvement in the quality of audit reports. The bank's database auditing headaches are now a thing of the past.

Impact #1

With the implementation of Imperva Data Security, the bank was able to meet key regulatory requirements and avoid failing audits. The solution provided a scalable and cost-effective audit and protection solution for over 3000 databases. The bank was able to deliver higher customer value through increased IT operational efficiency. The solution was flexible and transparent, and expanded security controls by protecting databases against attacks and threats. The bank's auditors informed them that their reports were now more meaningful, indicating an improvement in the quality of audit reports. The bank's database auditing headaches are now a thing of the past.

Benefit #1	Reduced hidden server and storage cost by over 90%
Benefit #2	Accelerated IT productivity by reducing estimated labor costs by 70%
Benefit #3	Saved over $90 million by streamlining hardware and software spending, eliminating database server load, and reducing manual processes

Benefit #1

Reduced hidden server and storage cost by over 90%

Benefit #2

Accelerated IT productivity by reducing estimated labor costs by 70%

Benefit #3

Saved over $90 million by streamlining hardware and software spending, eliminating database server load, and reducing manual processes

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Overview

Global Bank Achieves $90 Million Savings with Imperva Data Security

Operational Impact

Quantitative Benefit