Orient Commercial Joint Stock Bank

Operations and data protected using a security solution featuring near-real-time network analysis

Published on 13-Dec-2013

"IT security and compliance play a crucial role in the bank’s day-to-day operations as well as its strategic business growth. That’s why the bank was the first in Vietnam to deploy a near-real-time IT network analysis solution." - Le Thanh Tuan, deputy IT manager

Customer:
Orient Commercial Joint Stock Bank

Industry:
Banking

Deployment country:
Viet Nam

Solution:
Smarter Planet

IBM Business Partner:
FIS

Overview

Based in Ho Chi Minh City, Vietnam, Orient Commercial Joint Stock Bank (OCB) focuses on retail banking for individuals and commercial enterprises.

Business need:
Given the exponential growth of sensitive customer and business data, Orient Commercial Joint Stock Bank (OCB) in Vietnam must proactively protect its IT network and business operations from a wide range of security risks, including insider fraud and other advanced threats.

Solution:
The bank deployed an enterprise security intelligence solution that uses advanced analytics to automatically pinpoint valid security threats and rank them by their importance and urgency.

Benefits:
By using the solution to automatically reduce millions, even billions, of security events into a handful of actionable priority offenses, OCB’s administrators can take proactive measures to protect the bank and its customers.

Case Study

Based in Ho Chi Minh City, Vietnam, Orient Commercial Joint Stock Bank (OCB) focuses on retail banking for individuals and commercial enterprises. Founded in 1996, OCB operates approximately 90 branches in 20 provinces and cities throughout the country and employs more than

1,600 people.

The Opportunity
Given the exponential growth of sensitive customer and business data, Orient Commercial Joint Stock Bank (OCB) in Vietnam must proactively protect its IT network and business operations from a wide range of security risks, including insider fraud and other advanced threats.

What Makes It Smarter
The bank deployed an enterprise security intelligence solution that uses advanced analytics to automatically pinpoint valid security threats and rank them by their importance and urgency. The information is delivered through near-real-time dashboards so IT administrators can effectively prioritize resources and take measures to prevent security breaches.

Real Business Results
By using the solution to automatically reduce millions, even billions, of security events into a handful of actionable priority offenses, OCB’s administrators can take proactive measures to protect the bank and its customers. Near-real-time reports and warnings help administrators effectively assess and remediate approximately 90 percent of the bank’s security risks before security is breached and operations are affected. The solution also helps OCB comply with all security-related auditing and reporting standards established by the government and the banking industry.

For more information
Please contact your IBM representative or IBM Business Partner.
Visit us at ibm.com/security.

To learn more about Orient Commercial Joint Stock Bank, visit
www.ocb.com.vn.

Products and services used

Legal Information

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