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12/11/2007
08:05 AM
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Varonis Gains Traction in Financial Services

Deployments in Institutions Like People's United Bank Demonstrate the Critical Role Varonis's award-winning software is playing in data protection and management

NEW YORK -- Varonis Systems Inc. (http://www.varonis.com), the foremost innovator and provider of comprehensive, actionable data governance software, today announced that it has added People’s United Bank to its growing roster of marquee clients both within and beyond the financial services industry. Data protection and regulatory compliance are imperatives for the financial services sector, and the Varonis software suite is distinctly meeting needs in this industry by providing a fundamental framework for comprehensive control of file share data. http://www.varonis.com/solutions/industries/financial-services.html

Financial institutions must adhere to the strictest regulations for the protection of sensitive and valuable information in their care. It is incumbent on them to closely monitor and proactively mitigate risk because data breaches in this sector not only compromise customer and corporate confidentiality, but can also be extremely damaging to both business and brand. The unique capabilities of Varonis to automatically identify overly permissive access make the company’s software one of the most rapidly adopted applications among financial services institutions today. Varonis quickly delivers quantifiable risk reduction and increased security by ensuring that only the right users have access to the right data.

“As one of New England’s largest independent banks, we were challenged to continuously evaluate and optimize our security posture, eliminating overly permissive access privileges within a growing employee base of more than 3,000,” said Timothy Callahan, first vice president, technology risk management, and chief information security officer for People's United Bank. “Varonis’ software is at the core of our data governance initiative. As we grow our business organically and through acquisitions, Varonis technology will ensure that vetted and sanctioned data access controls are propagated accurately and expeditiously to the file sharing environments of the acquired entities.”

Varonis Systems Inc.

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