Success Story - 5

Enhancing Cybersecurity at a Leading Indian Bank with Multi-Factor Authentication

Introduction

A prominent public sector bank in India, recognized for its extensive national presence, embarked on a vital cybersecurity initiative to strengthen its defenses against cyber threats. As part of its commitment to securing sensitive financial data and operations, the bank prioritized the implementation of a Multi-Factor Authentication (MFA) system across its data centers and branches nationwide.

Nikom was entrusted with the critical responsibility of deploying this advanced security solution, aligning with the bank's objective to create a resilient and robust cybersecurity framework.

Project Objective

The objective was to deploy a comprehensive Multi-Factor Authentication (MFA) system at the bank’s data centers, enhancing security for user authentication and access control. By integrating the ArcSight SIEM (Security Information and Event Management) solution from Micro Focus, the project aimed to secure operations nationwide, mitigate risks, and safeguard against unauthorized access.

Project Highlights

1

Project Region

Pan-India deployment, covering the bank's extensive network of data centers and branches.

2

Technology Stack

Advanced security solutions, including Multi-Factor Authentication and ArcSight SIEM, for enhanced threat monitoring and mitigation.

3

OEM

Micro Focus.

4

Key Achievements
  • Successfully rolled out 100,000 licenses across the bank’s nationwide network.
  • Strengthened cybersecurity measures, reducing vulnerabilities and ensuring secure access for users.
  • Delivered the project with 100% completion, aligning with stringent timelines and requirements.

Scope of Work

Nikom’s responsibilities in this project included:

Nationwide Implementation

Deployment of MFA across all data centers and branches of the bank.

Technology Integration

Seamless integration of the ArcSight SIEM solution to monitor, detect, and respond to potential threats in real time.

Comprehensive Security Framework

Establishing a robust authentication mechanism that aligns with the bank’s existing IT infrastructure.

Impact and Achievements

Enhanced Cybersecurity Resilience
  1. Real-time threat detection and response with ArcSight SIEM, strengthening the bank’s ability to counter sophisticated cyberattacks.
  2. Multi-Factor Authentication (MFA) deployment across critical systems, significantly reducing unauthorized access risks.
Compliance with Regulatory Standards
  1. Ensured adherence to RBI and global banking cybersecurity norms, enhancing regulatory compliance and risk mitigation.
  2. Auditable security measures for improved transparency and governance.
Improved Operational Efficiency
  1. Automated security monitoring and log analysis, reducing the workload on IT security teams.
  2. Faster incident response times, minimizing downtime and ensuring business continuity.
Scalable and Future-Ready Security Framework
  1. Flexible architecture allows seamless integration with future cybersecurity upgrades.
  2. End-to-end security across multiple branches and digital banking platforms.

Conclusion

This successful implementation of Multi-Factor Authentication and ArcSight SIEM by Nikom has fortified the cybersecurity framework of one of India’s leading banks. The project highlights the bank’s proactive stance in safeguarding critical operations and sensitive data against evolving cyber threats.

By delivering a secure and scalable solution across the bank's network, Nikom continues to demonstrate its expertise in providing advanced IT security solutions, contributing to the bank’s mission of operational excellence and customer trust.