IBM Case Studies Iraq Stock Exchange: Protecting its online trading platform with advanced security controls and analytics

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	Iraq Stock Exchange: Protecting its online trading platform with advanced security controls and analytics IBM

Iraq Stock Exchange: Protecting its online trading platform with advanced security controls and analytics

IBM

Technology Category	Cybersecurity & Privacy - Database Security Cybersecurity & Privacy - Network Security
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Fraud Detection Regulatory Compliance Monitoring
Services	Cybersecurity Services System Integration
Challenge	The Iraq Stock Exchange (ISX) was facing a significant challenge in maintaining the security of its online trading platform. The ISX needed comprehensive database monitoring and greater visibility across its online trading infrastructure to rapidly detect security threats and protect online trades. The existing manual security monitoring processes were not sufficient to meet these needs. The ISX needed a solution that could provide near-real-time visibility into database activity and its infrastructure, and use sophisticated sense analytics to baseline normal behavior, detect anomalies, and uncover threats. Read More
About Customer	The Iraq Stock Exchange (ISX), headquartered in Baghdad, was established in 2004. Since its inception, it has grown substantially, listing more than 90 companies and supporting trading for over 50,000 investors. Approximately 20 percent of all trades on the ISX are from foreign investors. The ISX is a significant player in the financial sector of Iraq and plays a crucial role in the country's economy. The security of its online trading platform is of paramount importance to maintain investor confidence and ensure the smooth operation of the exchange. Read More
Solution	To address its security challenges, the ISX worked with Computer Business Machines to implement an integrated security solution from IBM. The solution included IBM QRadar SIEM and IBM Security Guardium Data Activity Monitor (now called IBM Security Guardium Data Protection for Databases). These tools replaced the manual security monitoring processes, providing near-real-time visibility into database activity and the ISX's infrastructure. The solution used sophisticated sense analytics to establish a baseline of normal behavior, detect anomalies, and uncover threats. This comprehensive security solution strengthened the ISX's security and compliance capabilities, enabling the expansion of its online trading platform. Read More Log in to view content
Contents

Technology Category

Cybersecurity & Privacy - Database Security

Cybersecurity & Privacy - Network Security

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Fraud Detection

Regulatory Compliance Monitoring

Services

Cybersecurity Services

System Integration

Challenge

The Iraq Stock Exchange (ISX) was facing a significant challenge in maintaining the security of its online trading platform. The ISX needed comprehensive database monitoring and greater visibility across its online trading infrastructure to rapidly detect security threats and protect online trades. The existing manual security monitoring processes were not sufficient to meet these needs. The ISX needed a solution that could provide near-real-time visibility into database activity and its infrastructure, and use sophisticated sense analytics to baseline normal behavior, detect anomalies, and uncover threats.

About Customer

The Iraq Stock Exchange (ISX), headquartered in Baghdad, was established in 2004. Since its inception, it has grown substantially, listing more than 90 companies and supporting trading for over 50,000 investors. Approximately 20 percent of all trades on the ISX are from foreign investors. The ISX is a significant player in the financial sector of Iraq and plays a crucial role in the country's economy. The security of its online trading platform is of paramount importance to maintain investor confidence and ensure the smooth operation of the exchange.

Solution

To address its security challenges, the ISX worked with Computer Business Machines to implement an integrated security solution from IBM. The solution included IBM QRadar SIEM and IBM Security Guardium Data Activity Monitor (now called IBM Security Guardium Data Protection for Databases). These tools replaced the manual security monitoring processes, providing near-real-time visibility into database activity and the ISX's infrastructure. The solution used sophisticated sense analytics to establish a baseline of normal behavior, detect anomalies, and uncover threats. This comprehensive security solution strengthened the ISX's security and compliance capabilities, enabling the expansion of its online trading platform.

Impact #1	The implementation of the IBM security solution resulted in a significant reduction in the time required to identify and prioritize potential incidents. This improvement in efficiency has strengthened the ISX's security and compliance capabilities.
Impact #2	The integrated platform provided by IBM has given the ISX near-real-time visibility into database activity and its infrastructure. This visibility has enabled the ISX to detect anomalies and uncover threats more effectively.
Impact #3	The enhanced security measures have increased investor confidence in the ISX's online trading platform, enabling its expansion.

Impact #1

The implementation of the IBM security solution resulted in a significant reduction in the time required to identify and prioritize potential incidents. This improvement in efficiency has strengthened the ISX's security and compliance capabilities.

Impact #2

The integrated platform provided by IBM has given the ISX near-real-time visibility into database activity and its infrastructure. This visibility has enabled the ISX to detect anomalies and uncover threats more effectively.

Impact #3

The enhanced security measures have increased investor confidence in the ISX's online trading platform, enabling its expansion.

Benefit #1	80% reduction in time to identify and prioritize potential incidents

Benefit #1

80% reduction in time to identify and prioritize potential incidents

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Overview

Iraq Stock Exchange: Protecting its online trading platform with advanced security controls and analytics

Operational Impact

Quantitative Benefit