FNZ, a global wealth management platform provider responsible for 8,000 wealth management firms and enabling over 20 million people to invest, approached FullProxy seeking expertise in protecting vital data through enhanced encryption key security. As a leader in the financial technology sector, their commitment to safeguarding sensitive financial information drives their continuous security improvements.
With their extensive reach and responsibility for protecting vital data across multiple wealth management firms, FNZ faced critical security challenges surrounding their encryption key management. In today’s digital landscape, compromised encryption keys pose severe security risks, potentially leading to devastating data breaches and unauthorised system access. These vulnerabilities can be particularly detrimental to financial services platforms like FNZ, who handle sensitive client information and substantial financial assets.
One of the most concerning aspects of encryption key compromise is its often-silent nature. Many organisations remain unaware that their keys have been compromised until attackers exploit the vulnerability, making this cyber threat particularly dangerous. For a platform provider like FNZ, protecting vital data is crucial, as any delay in detection could result in extended periods of unauthorised access, potentially compromising millions of customers’ financial information.
The task of building and configuring the HSM infrastructure during the Covid pandemic was particularly challenging given the geographical location of the hardware.
FullProxy developed and implemented a comprehensive solution focused on protecting vital data through a sophisticated combination of F5 BIG-IP Local Traffic Managers and Entrust nShield general-purpose Hardware Security Modules (HSMs). This integration created a robust platform for secure encryption key storage and management.
Our implementation strategy prioritised maintaining continuous operations, ensuring the solution was deployed without any disruption to FNZ’s extensive wealth management services. This seamless integration was crucial given the scale of their operations and the number of clients depending on their platform for protecting vital data.
The implementation has delivered significant improvements to FNZ’s security infrastructure:
Our solution enabled FNZ to launch a new nationwide service utilising the secure platform for encryption key storage. This enhancement provides robust protection for authorised users against unwanted data breaches, significantly reducing the risk of unauthorised access to sensitive financial information.
Head of Technology Services
FullProxy’s expertise in both F5 technologies and security infrastructure made us the ideal partner for this critical security enhancement project. Our ability to implement complex solutions while maintaining operational continuity demonstrated our understanding of the unique challenges faced by global financial technology platforms like FNZ.
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