CyberArk > Case Studies > Garanti BBVA Enhances Security Infrastructure with CyberArk

Garanti BBVA Enhances Security Infrastructure with CyberArk

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Technology Category
  • Application Infrastructure & Middleware - Event-Driven Application
  • Infrastructure as a Service (IaaS) - Private Cloud
Applicable Industries
  • Finance & Insurance
  • National Security & Defense
Applicable Functions
  • Product Research & Development
  • Quality Assurance
Use Cases
  • Construction Management
  • Tamper Detection
Services
  • Cloud Planning, Design & Implementation Services
  • Cybersecurity Services
About The Customer
Garanti BBVA is Turkey’s most valuable bank and the second-largest private bank in asset value. It provides a wide range of financial services to more than 20 million customers with 18,000 employees through an extensive distribution network of 863 domestic and seven international branches. The bank offers omnichannel services with a seamless experience across all channels including ATMs, an award-winning call center, internet, mobile and social banking platforms, all built on a cutting-edge technological infrastructure. As one of the pioneers of internet banking in Turkey, Garanti BBVA continues to push forward its digital transformation journey.
The Challenge
Garanti BBVA, Turkey’s second-largest private bank, faced a significant challenge in securing its privileged accounts and identities used in its DevOps and cloud environments. With a broad attack surface due to its extensive business lines and 18,000 employees, the bank needed to protect against the theft of privileged credentials. The bank also had to ensure compliance with stringent data security regulations within both the Turkish and global financial sectors. As one of the pioneers of internet banking in Turkey, Garanti BBVA was pushing forward its digital transformation journey, which increased its in-house development operations (DevOps) to improve application and service delivery. This transformation resulted in a need for more robust security tools.
The Solution
To build the most efficient defense against attacks, Garanti BBVA partnered with CyberArk, a leading technology provider in the security field. CyberArk's C3 Alliance Partners, a network of more than 200 certified providers of enterprise software, infrastructure, and security solutions, allowed Garanti BBVA to seamlessly integrate third-party tools and solutions with CyberArk to build a best-of-breed security infrastructure. Initially, CyberArk was used to manage privileged accounts and later expanded to include application and cloud application security. CyberArk products were used throughout Garanti BBVA’s IT infrastructure, which is mainly on-premises along with a private cloud environment for DevOps. CyberArk helped defend against attacks such as privileged account takeover and isolated lateral movement threats. By enforcing least privilege access for administrators, it made security processes more efficient and productive. CyberArk secrets management capabilities were embedded early in the development process, reducing costs and creating a more secure and robust application.
Operational Impact
  • The partnership with CyberArk has been highly valued by Garanti BBVA, reflecting in a decade-long relationship. The bank has had open discussions with CyberArk and has never had a negative experience. CyberArk’s competency and high-quality, trustworthy security solutions have been appreciated by the bank. The bank has been a major player in the digitalization and e-banking transformation since the early days of internet penetration in Turkey. CyberArk has helped the bank meet tough Turkish banking regulations and adapt as those regulations change and evolve, meaning the bank does not have to make large and costly changes every time there is a new rule. CyberArk has been a key component of the solutions that Garanti BBVA uses to secure customers, staff, and business operations.
Quantitative Benefit
  • Protects data and financial assets of millions of customers
  • Supports DevOps to drive forward digital transformation
  • Streamlines regulatory compliance process

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