Netwrix Auditor Secures Virtual IT Environment for Financial Institution

IRVINE, CA--(Marketwired - Aug 9, 2016) -  Netwrix Corporation, the first to introduce a visibility and governance platform that supports both on-premises and hybrid cloud IT environments, announced today that Banco Bandes Uruguay, a Montevideo-based bank with an extensive network of branches throughout the country, has chosen Netwrix Auditor to ensure the security of its virtual infrastructure and the data stored in it.

Banco Bandes Uruguay needed to validate its IT security controls in order to meet internal policies and industry standards for personal data protection set by the government. To meet this challenge, the bank started looking for a software solution that would provide visibility into its most critical IT systems and data, which are kept in its virtual infrastructure. Following the recommendation of the bank's security advisor and a successful trial, the IT security team decided to use Netwrix Auditor.

Netwrix Auditor is a visibility and governance platform that enables control over changes, configurations and access in hybrid cloud IT environments to protect sensitive data regardless of its location. The platform provides security analytics to detect anomalies in user behavior and enable investigation of threat patterns before a data breach occurs.

Banco Bandes Uruguay has gained the following benefits with Netwrix Auditor:

• Security of the virtual environment. The bank regularly conducts internal IT audits to validate all external and internal security controls. Continuous monitoring of user behavior across virtual hosts, folders, clusters, etc. ensures the security of all sensitive data stored in the virtual environment.
• Visibility into the entire IT environment. Since the software supports a wide variety of systems, the bank has extended visibility and user behavior analytics to Active Directory, Exchange, Windows Server and other systems. The broader context provides comprehensive, in-depth analysis and enables quicker investigation of suspicious activities or incidents across the IT infrastructure.
• Simple and efficient IT governance. The platform streamlines time-consuming IT governance processes and simplifies security monitoring, which makes the everyday work of the entire IT team much easier.

"Netwrix Auditor is an excellent product. Any bank that has to maintain IT infrastructure security will benefit from using it," said Enrique Martinez, Information Security Coordinator at Banco Bandes Uruguay. "The software allows us to better understand user activity, track any changes made to IT systems or successful and failed access attempts to the most critical assets. It is an ideal solution to quickly and effectively maintain security without engaging a lot of additional resources."

"The advantages of virtualization should not be undermined by lack of security monitoring. According to the 'Security of Virtual Infrastructures' report released by Kaspersky Lab in 2015, recovery from a security breach costs organizations twice as much if a virtual infrastructure is involved," said Alex Vovk, CEO and co-founder of Netwrix. "Virtual infrastructures should not be a blind zone as organizations move sensitive data into them. Complete visibility and the ability to analyze user behavior and connect suspicious activities happening in virtual and traditional IT infrastructures ensure protection of critical data and minimize security risks."

To read the complete case study, please visit: http://www.netwrix.com/go/bancobandes

About Netwrix Corporation
Netwrix Corporation was the first to introduce a visibility and governance platform that supports both on-premises and hybrid cloud IT environments. More than 150,000 IT departments worldwide rely on Netwrix to detect insider threats on premises and in the cloud, pass compliance audits with less expense, and increase productivity of IT security and operations teams. Founded in 2006, Netwrix has earned more than 90 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S. For more information, visit http://www.netwrix.com/