All businesses in the financial services industry need robust IT security, and TT International is no exception. The organisation manages assets for a wide range of clients and is keenly aware of its responsibility to protect its client, financial, partner and business data.
Critically, TT International also needs to ensure that there are no weaknesses in its own network that might be exploited by hackers as a means of infiltrating the networks of its many financial partners. Ben Lloyd, Head of IT Infrastructure at TT International, says: “If hackers were to see us as an easy target, they might try to use us as a back door into the systems of our counterparties, and this would cause immeasurable damage to our reputation.”
TT International had anti-virus software and firewalls, which provided an essential first line of defence. However, if hackers or malware were to penetrate these barriers, it had no means of monitoring its IT infrastructure to detect unauthorised activity on its network. Lloyd says, “There were times when we noticed PCs acting oddly, even when our anti-virus software gave them the all-clear.” The organisation therefore decided to implement proactive network monitoring to improve its IT security and reduce the risks to its business.
The organisation was comfortable that it complied with the IT security standards set out by the Financial Conduct Authority (FCA) in the UK, and other similar financial regulatory bodies around the world, but it anticipated that these industry requirements would soon become more stringent.