Customer Case: Financial
Trading floors are the cardiovascular systems of global finance. These critical infrastructures are heavily dependent on information technology and have been thus targeted by miscreants and organized crime for decades. Beyond market data leakage, electronic front-running and virtual insider trading, the theft of time-sensitive information is big business. One must merely look back to the public acknowledgements of both the NASDAQ and Morgan Stanley being electronically infiltrated.
The largest vulnerability of trading floors is the illicit or inappropriate use of mobile devices. Much as CCTV systems and secure access controls are imperative to physical security, the surveillance of all wireless-enabled devices and restricting various functionality based on location is imperative to maintain electronic security, safety and soundness of any sensitive location like a trading floor.
AirPatrol's ZoneDefense capability endows financial institutions with real-time continuous monitoring of all mobile devices, coupled with the ability to dynamically manage and control the functionalities of these devices (i.e. cameras, microphones, SMS text, WiFi, Facebook, etc.) in accordance with the institution's security policy.
Case Study: Trading Floors
This customer is an investment company managing approximately $87 billion in global investments for a wide array of institutional clients, including foreign governments and central banks, corporate and public pension funds, university endowments and charitable foundations.
Industry |
Financial Services
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Partner |
Siemens Industry, Inc.
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Problem |
To secure a financial trading floor to prevent data leakage and insider trading.
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Solution |
AirPatrol defined the exact area of the trading floor that needed to adhere to the "no-cell phone" policy. AirPatrol deployed sensors in the area and monitored it for the presence of mobile devices to ensure enforcement the "no-cell phone" policy on the trading floor.
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Trading floors and wire transfer rooms are vulnerable to cyber breaches. Maintaining electronic safety and soundness is critical.
AirPatrol CTO, Tom Kellermann, co-authored the book "Electronic Safety and Soundness", published by the World Bank in 2003, which depicts best practice in managing cyber risk.
