Financial Institutions Fight Cybercrime with Intelligent Platform from Fiserv and BlueVoyant
BROOKFIELD, Wis.--(BUSINESS WIRE)--Jul 30, 2018--Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, and BlueVoyant, a next-generation cybersecurity company, today announced a strategic alliance to deliver a comprehensive managed security platform that specifically addresses the unique needs of financial institutions – from threat detection, response and remediation to regulatory compliance and reporting.
Using resources and data that go well beyond what is available to most banks and credit unions today, Fiserv and BlueVoyant provide detection, real-time response and automated remediation of suspicious activity targeting internal systems using an integrated combination of network and endpoint monitoring, extensive threat intelligence and behavioral analytics.
These are among a range of intelligent security capabilities offered by Fiserv to enable financial institutions to understand emerging threats and establish multilayered defenses to minimize risk, prevent fraud, help ensure compliance, and enable consumers and businesses to transact with confidence. These capabilities embody a clear and consistent approach that emphasizes fact-based security decisions and measurable outcomes, facilitating intelligent financial experiences.
This new solution complements other leading-edge cybersecurity solutions offered by Fiserv, including Sentry SM Cyber Security and SecureNow TM, which are designed to mitigate risks within the financial institution as well as risks associated with customer-facing services such as digital banking platforms.
“Fiserv and BlueVoyant are delivering a leading-edge cybersecurity solution that is both broader and deeper in its protection than any other solution we evaluated,” said Elizabeth Macias, Chief Information Officer, Ponce Bank, a $950 million asset bank based in the Bronx, N.Y., that recently implemented the solution. “Cyberattacks are a very real threat to financial institutions today, and we are pleased to have implemented this robust tool to protect our customers’ money and their data.”
Disparate cybersecurity components, an inability to customize solutions to their needs, and a shortage of qualified cybersecurity talent can make it difficult for financial institutions to defend internal systems against attacks. Fiserv and BlueVoyant help overcome these challenges with a cybersecurity platform that orchestrates an organization’s internal cybersecurity modules and provides a clear and customizable portal with actionable, plain-English alerts, along with skilled cybersecurity experts who work to remediate threats to the institution. Financial institutions receive consolidated reports to greatly simplify regulatory compliance, and professional threat remediation that allows IT staff to focus attention on building business value.
The long-term strategic alliance between Fiserv and BlueVoyant is fortified by an investment from Fiserv in BlueVoyant, a company led by cybersecurity experts formerly with the National Security Agency, FBI, and British and Israeli intelligence services.
“Adversaries are targeting banks and credit unions of all sizes with sophisticated attacks,” said Byron Vielehr, Chief Administrative Officer, Fiserv. “By working with partners like Fiserv and BlueVoyant, financial institutions can access capabilities and insights to make their cybersecurity strategies exponentially more effective than if they went it alone.”
“It’s time to end the hacker advantage,” said Jim Rosenthal, CEO, BlueVoyant. “The solution we’ve developed jointly with Fiserv closes the information and organization gap and offers financial institutions the advanced defenses previously only available to the largest banks and government agencies. These defenses are essential to protect financial institutions, our industry and our economy.”
In a world moving faster than ever before, Fiserv helps clients deliver solutions in step with the way people live and work today – financial services at the speed of life. Learn more at fiserv.com.
BlueVoyant is an analytics-driven cybersecurity company based in New York City, whose mission is to defend businesses around the world against agile and well-financed cyber attackers by providing unparalleled visibility, insight and responsiveness. The company was founded by leaders from Morgan Stanley, Thomson Reuters, the NSA, the FBI, Unit 8200 and GCHQ to protect the global economy from the increased risk of cyberattack and give private sector organizations the same level of cybersecurity defense capabilities that the best-protected institutions enjoy.
BlueVoyant provides Advanced Threat Intelligence, Managed Security and Cyber Forensics and Incident Response with offices in New York; College Park, Maryland; San Francisco; London; Madrid; and Tel Aviv. More information on BlueVoyant can be found online at bluevoyant.com.
Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and deliver financial services experiences in step with the way people live and work today. For more than 30 years, Fiserv has been a trusted leader in financial services technology, helping clients achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and insights and optimization. Fiserv is a member of the FORTUNE ® 500 and has been named among the FORTUNE Magazine World’s Most Admired Companies ® for five consecutive years, recognized for strength of business model and innovation leadership. For more information, visit fiserv.com.
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KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE SECURITY
SOURCE: Fiserv, Inc.
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PUB: 07/30/2018 08:44 AM/DISC: 07/30/2018 08:44 AM