Suppliers
United States
Forcepoint
Overview
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Forcepoint |
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United States | |
Austin | |
1994 | |
Private | |
$100m-1b | |
1,001 - 10,000 | |
Open website |
IoT Snapshot
Technology Stack
Case Studies
Number of Case Studies6
Greater Visibility into Trading Floor Communications Saves This Bank $7 Million in Projected Investigation Costs
In the highly regulated world of investment banking, new communication channels like Skype and WhatsApp, and web forums like Investopedia, are raising the risk of widespread abuse, whether through insider trading, fraud, or leaks of sensitive company information. This bank’s operations and compliance leadership knew they needed a better way to stay close to trader conversations and safeguard the trading floor. The bank’s monitoring technology was obsolete and required a high level of manual intervention to identify and investigate potential compliance issues. With essentially just an email archiving system, investigators had to build lists of words indicative of insider trading activity and conduct manual searches within the archives to build cases. |
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Greater Visibility into Trading Floor Communications Saves This Bank $7 Million in Projected Investigation Costs
The international banking group was facing challenges in meeting SEC compliance regulations due to the increasing use of personal messaging channels and web forums by traders. The bank's existing monitoring technology was outdated and required a high level of manual intervention to identify and investigate potential compliance issues. The system was not covering the full spectrum of modern communication channels and offered no systematic ways to flag potential indicators of fraudulent behavior. These time-consuming investigations, a vast majority of them false positives, were costing the bank millions of dollars. |
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Global Food Processing Organization Increases Online Connectivity Speeds by Up to 12 Times to Empower Rapid Innovation
The global leader in animal nutrition and aquafeed was facing challenges with slow internet speeds in some of its locations, which was impacting productivity and research efforts. The company was also growing through the acquisition of several smaller companies, which complicated security matters as new systems were brought into their network that may not always have strong cybersecurity in place. The company was a target for C-level spoofing and phishing attempts targeting revenue exfiltration. The company needed to reduce the potential for risky user web browsing or the opening of bogus or malware-riddled emails. |