Unlike bricks-and-mortar banks, JNB runs a unique banking model that is conducted entirely online. Therefore, cybersecurity is absolutely critical for its business. Previously, the bank’s IT Supervision Department found it challenging to manage security risks. The department spent many hours digging out firewall and proxy logs from the office automation environment and analyzing web access logs to spot unauthorized accesses. The bank also required high accuracy in monitoring transaction logs to safeguard against spoofing and illegal fund transfers, and it needed to share information with Financials ISAC Japan.
JNB decided to establish an intelligent platform to collect, analyze and deliver real-time insights from machine-generated big data to improve its cyber defense strategies. Among all of the alternatives considered, JNB found that Splunk Enterprise was the best option.