New cybersecurity platform designed for financial institutions
orchestrates cybersecurity modules, enables threat remediation on
institution’s behalf and simplifies reporting
BROOKFIELD, Wis.--(BUSINESS WIRE)--Jul. 30, 2018--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, and BlueVoyant,
a next-generation cybersecurity company, today announced a strategic
alliance to deliver a comprehensive managed security platform that
specifically addresses the unique needs of financial institutions – from
threat detection, response and remediation to regulatory compliance and
reporting.
Using resources and data that go well beyond what is available to most
banks and credit unions today, Fiserv and BlueVoyant provide detection,
real-time response and automated remediation of suspicious activity
targeting internal systems using an integrated combination of network
and endpoint monitoring, extensive threat intelligence and behavioral
analytics.
These are among a range of intelligent security capabilities offered by
Fiserv to enable financial institutions to understand emerging threats
and establish multilayered defenses to minimize risk, prevent fraud,
help ensure compliance, and enable consumers and businesses to transact
with confidence. These capabilities embody a clear and consistent
approach that emphasizes fact-based security decisions and measurable
outcomes, facilitating intelligent financial experiences.
This new solution complements other leading-edge cybersecurity solutions
offered by Fiserv, including SentrySM Cyber Security and
SecureNowTM, which are designed to mitigate risks within the
financial institution as well as risks associated with customer-facing
services such as digital banking platforms.
“Fiserv and BlueVoyant are delivering a leading-edge cybersecurity
solution that is both broader and deeper in its protection than any
other solution we evaluated,” said Elizabeth Macias, Chief Information
Officer, Ponce Bank, a $950 million asset bank based in the Bronx, N.Y.,
that recently implemented the solution. “Cyberattacks are a very real
threat to financial institutions today, and we are pleased to have
implemented this robust tool to protect our customers’ money and their
data.”
Disparate cybersecurity components, an inability to customize solutions
to their needs, and a shortage of qualified cybersecurity talent can
make it difficult for financial institutions to defend internal systems
against attacks. Fiserv and BlueVoyant help overcome these challenges
with a cybersecurity platform that orchestrates an organization’s
internal cybersecurity modules and provides a clear and customizable
portal with actionable, plain-English alerts, along with skilled
cybersecurity experts who work to remediate threats to the institution.
Financial institutions receive consolidated reports to greatly simplify
regulatory compliance, and professional threat remediation that allows
IT staff to focus attention on building business value.
The long-term strategic alliance between Fiserv and BlueVoyant is
fortified by an investment from Fiserv in BlueVoyant, a company led by
cybersecurity experts formerly with the National Security Agency, FBI,
and British and Israeli intelligence services.
“Adversaries are targeting banks and credit unions of all sizes with
sophisticated attacks,” said Byron Vielehr, Chief Administrative
Officer, Fiserv. “By working with partners like Fiserv and BlueVoyant,
financial institutions can access capabilities and insights to make
their cybersecurity strategies exponentially more effective than if they
went it alone.”
“It’s time to end the hacker advantage,” said Jim Rosenthal,
CEO, BlueVoyant. “The solution we’ve developed jointly with Fiserv
closes the information and organization gap and offers financial
institutions the advanced defenses previously only available to the
largest banks and government agencies. These defenses are essential to
protect financial institutions, our industry and our economy.”
In a world moving faster than ever before, Fiserv helps clients deliver
solutions in step with the way people live and work today – financial
services at the speed of life. Learn more at fiserv.com.
About BlueVoyant
BlueVoyant is an analytics-driven cybersecurity company based in New
York City, whose mission is to defend businesses around the world
against agile and well-financed cyber attackers by providing
unparalleled visibility, insight and responsiveness. The company was
founded by leaders from Morgan Stanley, Thomson Reuters, the NSA, the
FBI, Unit 8200 and GCHQ to protect the global economy from the increased
risk of cyberattack and give private sector organizations the same level
of cybersecurity defense capabilities that the best-protected
institutions enjoy.
BlueVoyant provides Advanced Threat Intelligence, Managed Security and
Cyber Forensics and Incident Response with offices in New York; College
Park, Maryland; San Francisco; London; Madrid; and Tel Aviv. More
information on BlueVoyant can be found online at bluevoyant.com.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and
deliver financial services experiences in step with the way people live
and work today. For more than 30 years, Fiserv has been a trusted leader
in financial services technology, helping clients achieve best-in-class
results by driving quality and innovation in payments, processing
services, risk and compliance, customer and channel management, and
insights and optimization. Fiserv is a member of the FORTUNE®
500 and has been named among the FORTUNE Magazine World's Most Admired
Companies® for five consecutive years, recognized for
strength of business model and innovation leadership. For more
information, visit fiserv.com.
FISV-G
View source version on businesswire.com: https://www.businesswire.com/news/home/20180730005375/en/
Source: Fiserv, Inc.
Media Relations:
Ann Cave
Director, Public Relations
Fiserv,
Inc.
+1 678-325-9435
ann.cave@fiserv.com
Additional
Contact:
Adrianna Villasenor
Head of Marketing and
Communication
BlueVoyant
+1 646-685-8199
adriana.villasenor@bluevoyant.com