DCB Bank taps CyberArk to deliver secure services to customers

By Gloria Mathias

DCB Bank has chosen CyberArk’s CyberArk Identity Security Platform to augment productivity, strengthen identity security and further bolster compliance and auditing capabilities.

Built for the dynamic enterprise, the CyberArk Identity Security Platform enables secure access for any identity, human or machine, to any resource or environment from anywhere, using any device.

DCB Bank is a new-generation private sector bank with 442 branches, one million active customers and over 10,000 employees. It uses new and innovative technologies to transform service delivery and the customer experience and optimize operations.

DCB Bank understands the value of increasing its investment in identity security to meet the challenges of delivering automated customer interactions and personalized services for applications based either on-premises or in the cloud. Additionally, the Reserve Bank of India mandates that financial institutions strengthen their cybersecurity safeguards due to the increased frequency and complexity of cyberattacks.

Specifically, the bank aimed to implement a comprehensive secret management strategy to manage and protect credentials found in application code. Attackers looking to compromise financial services organizations are increasingly targeting them. The bank worked with CyberArk to implement CyberArk Secrets Management, part of the CyberArk Identity Security Platform, to centrally rotate and manage credentials, eliminate vault sprawl and dovetail with existing developer workflows.

Murali Mohan Rao Manduva, DCB Bank’s Chief Technology Officer, said, “CyberArk is a significant partner in DCB Bank’s robust governance framework, information security practices and business continuity plan. Partnering with CyberArk has helped develop a future-proof identity security strategy for current and future needs as the bank accelerates digital transformation in support of its business goals.”

Rohan Vaidya, Area Vice President, South Asian Association for Regional Cooperation (SAARC) & India at CyberArk, said, “CyberArk is committed to supporting DCB Bank against attacks that seek to compromise identity. Credentials found in source code alongside those used by developers in production environments are highly sought-after by bad actors due to the access they can provide to critical data and assets. CyberArk will help DCB Bank ensure that sensitive customer information is protected while maintaining transaction integrity, banking services availability and business resiliency.”