Palo Alto Networks recently released PAN-OS 7.1 for our Next-Generation Security Platform. Many financial institutions will not immediately adopt a brand-new version of software, instead preferring to see how stable the new code is in other venues first. When the time is right, an effort to test and certify the new software will be launched to validate old and new features, interoperability and integration with network/systems management tools. Such is the life cycle of new software versions before they even get to the actual rollout phase.
With that being said, PAN-OS 7.1 does offer a number of key benefits to financial institutions:
Many financial institutions are pursuing private, public and hybrid cloud solutions to increase the agility, flexibility and scalability of their information technology (IT) environment. This has become necessary to meet unexpected business demands without the delays associated with provisioning a traditional IT infrastructure. Such capabilities are even more prominent in light of competition from FinTech startups, in addition to established competitors. Palo Alto Networks provides a holistic public and private cloud security solution that leverages our physical and virtual next-generation firewalls deployed across the extended network. This offers protection against sophisticated attacks, advanced persistent threats (APTs), and has visibility of applications and traffic sources, which is far beyond the native security capabilities offered by cloud service providers, such as Amazon Web Services (AWS) and Microsoft Azure.
The use of SaaS applications (e.g., Salesforce, Box) continues to grow among financial institutions. To properly control such applications and minimize shadow IT, detailed visibility of the applications, their usage, and users, themselves, is needed. Palo Alto Networks Next-Generation Firewall was built to provide unparalleled visibility and control of all applications, as well as details about application usage across the network. In conjunction, Palo Alto Networks Aperture now enables safe usage of SaaS applications (e.g., Microsoft Office 365) with complete visibly and granular enforcement within the cloud. Ultimately, it boils down to limiting access to prevent data exposure risk and threat insertion while not disrupting business.
Financial institutions continue to be a favorite target for cyberattacks. The 2015 Verizon Data Breach Investigations Report ranked financial services as one of the top three industries for security incidents, confirmed data loss, and distributed denial of service, or DDoS, attacks. This has been the case in previous years as well. When truly unique and targeted attacks are found, financial institutions must accelerate analysis-and-response efforts with the right intelligence and threat context to maximize the effectiveness of their security operations professionals. With the new innovations across the Palo Alto Networks platform, we can provide threat visibility and remediation faster and more effectively then ever before. The new integration of Palo Alto Networks AutoFocus threat intelligence service with PAN-OS and Panorama centralized management brings advanced threat context to the entire organization − simplifying response efforts for the most critical attacks. This puts the largest collection of unknown malware data at the fingertips of the security operations center, allowing that team to automatically turn analysis efforts for unique, targeted attacks into proactive protections by blocking malicious domains, IP addresses and URLs with AutoFocus and PAN-OS dynamic block lists.
With Palo Alto Networks GlobalProtect mobile security service, users in financial institutions can be connected to the network at all times − eliminating the large and growing blind spot of users roaming off the enterprise network, where they and their credentials are more vulnerable. GlobalProtect works by connecting a user’s mobile device to the closest next-generation firewall so that full network security can be provided, regardless of the user’s physical location, such as a coffee shop or airport. With Palo Alto Networks VM-Series being consumable in public cloud services, such as AWS, the nearest next-generation firewall can be in close proximity to the user, wherever that person might be.
In addition to the key benefits above, PAN-OS 7.1 includes some features that will prove valuable for financial institutions:
For further information about the new PAN-OS 7.1 release, please visit the following pages.
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