WM Gruppe Fortifies Server Admin Accounts While Saving Hours of Work Using OI Safeguard

Cybersecurity is of particular concern for the financial services industry because, well, as everyone knows, “that’s where the money is.” In Germany, the Bank Regulatory Requirements for IT [Bankaufsichtliche Anforderungen a die IT] (BAIT), is helping tackle internet crime by setting down guidelines on IT governance among banks. While WM Gruppe isn’t a bank, it provides banks and other financial services companies with data on financial markets and instruments. And with its systems hooking up to those of customers via application programming interfaces (API), it must ensure its cybersecurity is as robust as that of its clients.

Company: WM Gruppe
Employees: 450
Industry: Financial Service Media

Challenges:

With regulatory requirements increasing, WM Gruppe wanted to reinforce privileged account management (PAM) to counter cybercriminals while improving operational efficiency.

Solutions:

The company implemented One Identity Safeguard for Privileged Passwords, closing any potential holes in PAM processes while saving hours of work through automation and improving auditing capabilities.

Benefits:

  • Improves PAM processes by 100%, making governance easier;
  • Saves time with PAM automating around 80% of tasks;
  • Gains transparency and control over access like never before.
About One Identity:

One Identity, a Quest Software business, helps organizations achieve an identity-centric security strategy with a uniquely broad and integrated portfolio of identity management offerings developed with a cloud-first strategy including AD account lifecycle management, identity governance, and administration and privileged access management. One Identity empowers organizations to reach their full potential, unimpeded by security, yet safeguarded against threats without compromise regardless of how they choose to consume the services. One Identity and its approach is trusted by customers globally, where more than 5,000 organizations worldwide depend on One Identity solutions to manage more than 250 million identities, enhancing their agility and efficiency while securing access to their systems and data – on-prem, cloud or hybrid.

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