Financial institutions undergo cyberattacks 300 times more frequently than other industries, according to a survey cited by the New York Federal Reserve, demonstrating how appealing this industry is to cybercriminals. The security system of financial organizations should be resilient enough to prevent such breaches. A secure DNS architecture is required to safeguard the organization's infrastructure from being tampered by any internal or external attacks. Some of the leading banking organizations have moved to TCPWave solutions in order to resolve the most common difficulties faced by them which revolve around security, reliability, automation, cloud, reduction of capital expenditure, and the quality of customer support.
Banking organizations are the most severely affected by DNS attacks, and are subjected to numerous attacks per year, more than any other sector. The financial organizations also lose time as a result of DNS intrusions. They depend heavily on network availability and the capacity to securely communicate information in real-time. Recent studies indicate that legacy security solutions are not sufficient to secure DNS infrastructure of banks and need countermeasures to ensure safety.
The TCPWave DDI solutions have gone through a rapid evolution with a multitude of requirements driven by numerous leading banking customers. Information security is the number one building block of the TCPWave engineering team; our DDI solutions earn security clearance from each banking organization's penetration testing and ethical hacking efforts. Such a clearance is mandatory for all the Level-0 franchise critical applications such as DNS, DHCP, and Active Directory. The TCPWave solution is further accented with strong security ciphers for encryption, segregation of duties, role-based access control, automated disaster recovery methods, auditing engines for network forensics, and added intelligence into the core DDI layer with AI/ML technologies. The ingress points into the DDI framework can automatically detect, alert, and prevent data breaches before they snowball into outages that could potentially cause financial and reputation loss makes TCPWave a respected brand name in the global capital markets.
In addition to being a top player in the DDI infosec arena, TCPWave is also known for providing over 1700 REST API calls with either token-based or SSL certificate-based authentication that uniquely rely on the chain of trust using the organization's trust stores. Such a wide variety of API calls simplify the DevOps provisioning models using Ansible and Terraform. The numerous integrations embedded in the TCPWave IPAM, such as integration with ServiceNow, VMware VRA, and Kubernetes, automate the DNS provisioning in the private clouds. TCPWave provides seamless integration with various cloud service providers using each CSP's northbound REST API calls. The management of DNS records in AWS, Google, Azure, Oracle OCI is performed seamlessly with the TCPWave IPAM. Network operators in the global command centers of each financial institution regard the TCPWave DDI solution as a single source of truth delivered on a single pane of glass.
The competitive edge TCPWave brings to the table is its unique ability to prevent human error from causing a network failure. The TCPWave IPAM comes with many data integrity constraints enforced across all the layers of the tiered web application.
The functional accounts of the TCPWave IPAM play an important role in the functionality of the software. TCPWave understands the standards of information security in the financial sector. The solution offers a lockdown of the privileged functional accounts using third-party solutions such as CyberArk or Hashicorp. Such integrations are included free of cost.
The professional services team at TCPWave works relentlessly to raise customer satisfaction standards. The experienced team knows how to seamlessly cut over the franchise's critical DDI infrastructure from a legacy solution to the modern TCPWave solution. With a proven track record in performing many global conversions, the professional services team at TCPWave has earned a reputation across many financial customers for being effective, prudent, cognizant, and efficient. Contact us to get a demo.