Sacombank in tie up with IBM to transform its security operations centre

02-Mar-2021 Intellasia | VNS | 5:02 AM Print This Post

Sacombank continues to collaborate with IBM for transforming its security operations centre to strengthen its data security infrastructure.

The centre was established and operated to international standards earlier last year, and followed a three-year roadmap for modernising and improving its capacity as proposed by IBM.

The technology that IBM has sold Sacombank offers world-class intelligent threat detection capabilities and is powered by IBM QRadar Security Information and Event Management (SIEM) like at other IBM security operations centres (SOCs) world-wide.

The project will focus on deploying and integrating new tools and enhancing the existing SOC to detect and respond to cyber security incidents more effectively.

It includes upgrading QRadar infrastructure to a stable version by taking advantage of additional features and fixing errors in previous version, deploying and integrating seamlessly with security orchestration, automation and response platforms for agile incident response, implementing Qradar Network Insight to improve network security threat analysis to identify Indicators of Attack in real time, extending security monitoring to 250 additional log sources, and performing SOC maturity assessment annually. Tran Thai Binh, head of the bank’s information technology division, said: “As one of the leading commercial banks in Vietnam, Sacombank is well aware of its role in customer data protection and should have data security strategies. Right from the beginning of the digital transformation journey, the bank has focused on investing in building the SOC and phase 1 has been successfully deployed.

“Now with IBM’s world-class expertise and security standards, phase 2 of the SOC transformation will allow us to more effectively detect and protect against cybersecurity threats, ensuring that customer data is protected optimally and most securely.”

Pham Thi Thu Diep, country general manager of IBM Vietnam, said: “Cybercriminals are constantly developing cybersecurity attack tactics for financial gain, disrupting or damaging the reputation of businesses. In such situations, it is important for businesses to have SOCs with industry-leading technology in place to operate and respond in a timely manner.

“We are proud of IBM’s leading security technology and services that will provide an integrated system for network security threat analysis and detection to help Sacombank achieve its mission of providing comprehensive and classy financial and banking services to customers.”

https://vietnamnews.vn/economy/887987/sacombank-in-tie-up-with-ibm-to-transform-its-security-operations-centre.html

 

Category: Finance, Vietnam

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