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PATECCO Will Exhibit as a Golden Sponsor at “IT for Insurances” Congress in Leipzig

For a second time, this year, the Identity and Access management company PATECCO will take part in “IT for Insurance” (IT für Versicherungen) live Trade Fair in Leipzig, Germany. The event is planned to take place on 24.11 and 25.11.2020.  It is known as the leading market place for IT service providers of the insurance industry with a focus on the latest technological developments and IT trends. The congress unites all exhibitors, speakers, trade fair visitors and gives the opportunity to socialize, exchange experiences and discuss current trends and projects in the IT industry.

During the two days of the event PATECCO will exhibit as a Golden sponsor and will present its services portfolio. Besides, the sales manager of PATECCO team – Mr. Karl-Heinz Wonsak will be a presenter of the company’s innovative solutions in the so called “Elevator Pitch.” The topic will be about insurance supervisory requirements in IT and cybersecurity.

PATECCO will have a counter where its team members will welcome each visitor who is interested in Identity Access Governance IAG, Privileged Account Management PAM, Security Incident and Event Management SIEM, Funktionale Taxonomie, Managed Service, Management und IT-Consulting and Cloud Access Control. Each one, who looks for solutions in these specific areas, will be invited in a personal meeting where all details will be considered. The IAM company will also provide a coffee counter with a professional Barista and each coffee-lover can enjoy a cup of aromatic Italian Espresso.

PATECCO is an international company, dedicated to development, implementation and support of Identity & Access Management solutions. Based on 20 years’ experience within IAM, high qualification and professional attitude, the company provides value-added services to customers from different industries such as banking, insurance, chemistry, pharma and utility.

Its team of proficient IT consultants provide the best practices in delivering sustainable solutions related to: Managed Services, Cloud Access Control, Privileged Account Management, Access Governance, RBAC, Security Information and Event Management, PKI and Password Management.

How to Protect the Data and Privacy In the Cloud

The era of the cloud is in its progress. It is a constantly developing innovation that includes a broad set of public, private, and business process outsourcing capabilities. Cloud computing relies on sharing computer resources rather than having local servers or personal devices to handle applications. Nowadays, organizations use cloud services for data storage and doing their daily operations. Despite of various advantages like scalability, flexibility, productivity, security is the major concern for cloud computing. One of the main security issues is how to control and prevent unauthorized access to data stored on the cloud.

There are various techniques able to control unauthorized access to data. One such technique is RBAC (Role Based access Control) model. RBAC method controls the access to data based on roles given to individual users within an organization. Besides, RBAC model provides flexible control and management using two simple mappings.  First is User to their role in the organization and second is Roles to accessible data to that Role.

  1. Implementing a strong RBAC policy

Implementing a strong RBAC policy helps for building up a strong visibility strategy and provides a better security solution for accessing data on cloud. Roles in RBAC are mapped to access permissions, and all users are mapped to appropriate roles and receive access permissions only through the roles to which they are assigned.

Controlling the access through roles gives benefits to organization and simplifies the management, as well. Typically, role-based access control model has three essential structures: users, permissions and roles. A role is a higher level representation of access control. User corresponds to real world users of the computing system. User authorization can be accomplished separately; assigning users to existing roles and assigning access privileges for objects to roles. “Permissions” give a description of the access users can have to objects in the system and “roles” give a description of the functions of users.

2. Management and Automation

Unifying an organization’s security infrastructure not only eases management, but also helps ensure that consistent security policies are applied wherever applications run, data is stored, or infrastructure is built. Moreover, it enables the automation of security lifecycle management processes and helps ensure compliance. These capabilities allow organizations to manage cloud and on-premises infrastructures similarly by leveraging the same level of visibility and control. Centralized management and automation help organizations meet risk management and regulatory compliance objectives. Effective security management and automation consists of  three primary elements: visibility, control, and compliance.

  • Visibility

The ability to consistently see all applications, networks, infrastructures, security events, and logs in a multi-cloud environment is a cornerstone of a security posture assessment. Such assessments are both a starting point and an ongoing process of security management.

  • Control

Control refers to applying configuration changes and populating the security infrastructure with the relevant resource-related information pertaining to the multi-cloud security posture. Besides, the control framework should extend to the native security functionality provided by each cloud platform. This allows administrators and operators to apply security changes throughout the infrastructure.

  • Compliance

Maintaining a consistent security posture and automating security operations significantly increases an organization’s ability to maintain regulatory compliance. In addition, centralized security management, automated workflows, and shared threat intelligence help enterprises quickly react to emerging threats.

PATECCO Cloud Access Control tools for data and privacy protection

PATECCO Cloud access control tools offer a greater flexibility whilst maintaining the levels of security essential to their business. Cloud access control provides secure deployment options that can help enterprises develop new customer experiences, enable effective collaboration and improve speed to market – all while increasing IT efficiency

1.Cloud Access Control: REST API

PATECCO MIM 2016 REST API. This fully functional CRUD tool acts like a convenience gateway between your applications and MIM Portal providing the following benefits:

  • Faster response times due to the integrated cache.​
  • Offers better support for different clients and increased productivity through automation.​
  • Increased level of security by easy integration with API Gateways (Axway Amplify, APIGEE and etc.).​
  • Supports Push Notifications providing easier integration with SIEM or other Event based tools (Azure Event Hub and etc.) adding additional flexibility to your applications.​
  • Cloud ready. Installed on Azure provides easier access for your cloud apps and transforms. Microsoft MIM 2016 infrastructure for Data Stream compatibility.

2. Cloud Access Control: Microsoft PIM

PATECCO offers clear migration path from an On-premise Identity System to the Azure Premium AD and Microsoft Privileged Identity Management (PIM).

  • Analyse and transform current RBAC model to a one based on Azure AD and protect the roles with Microsoft PIM.​
  • Transform and organize Azure AD logs to Events integrated to the Azure Event Hub infrastructure.​
  • Transform and adapt current workflows to the newest cloud native Azure Logic Apps infrastructure and handle all needed customizations through Azure Functions.​
  • Provide level of support for the legacy infrastructure through Azure Active Directory Sync or through our own PATECCO PAM tool. ​

3. Cloud Access Control: Azure AD Domain Services

  • PATECCO offers clear migration path from On-premise Active Directory to Azure AD Domain Services
  • Azure Active Directory Domain Services (Azure AD DS) Provides managed domain services with a subset of fully compatible traditional AD DS features such as domain join, group policy, LDAP, and Kerberos/NTLM authentication.
  • Azure AD DS integrates with Azure AD, which itself can synchronize with an on-premises AD DS environment, to extend central identity use cases to traditional web applications that run in Azure as part of a lift-and-shift strategy.
  • Use of Azure AD Application Proxy feature which provides the ability to securely access internal apps from outside your network.

For the different kind of organizations throughout the world, cloud computing has become a key element of their ongoing IT strategy. Cloud services give organizations of all sizes access to virtually unlimited data storage while freeing them from the need to purchase, maintain, and update their own networks and computer systems. Microsoft and other cloud providers offer IT infrastructure, platform, and software “as a service,” enabling customers to quickly scale up or down as needed and only paying for the computing power and storage they use.

However, as organizations continue to take advantage of the benefits of cloud services, such as increased choice, agility, and flexibility while boosting efficiency and lowering IT cost, they must consider how the cloud services affect their privacy, security, and compliance posture. It is important for the cloud offerings to be not only scalable, reliable, and manageable, but also to ensure  your customers data is protected and used in a transparent manner.

How Cloud Access Control Enables Security and Innovation in the Digital Age (Part 2)

Each organisation should take into account that security must remain the cornerstone of the cloud deployment strategy. There are several forces driving big companies toward public clouds – reduced costs, scalability, reliability, efficiency and the ability to attract and retain technical staff. But in most cases, the success or failure of any project is measured by the level of security that is integrated to safeguard an organization’s data and that of its customers.

In the past two years, several high-profile security breaches have resulted in the theft or exposure of millions of personal customer data records. The headlines are a constant reminder of the disruptive impact on a business in the wake of a breach. Concern about the security of public cloud technology itself, however, is misplaced. Most vulnerabilities can be traced back to a lack of understanding of cloud security and a shortage of the skills necessary to implement effective security measures.

Security should need not altogether be viewed as an impediment to migration efforts, but it must not be swept aside due to pressure or demands from business units. While companies cannot prevent every attack, building cloud security awareness at the right levels of the organization from the outset is a first line of defence for blocking the malicious activity that often precedes a breach.

Which are the biggest security threats of the companies when using cloud technologies?

1. Data breaches

The risk of data breach is always a top concern for cloud customers. It might be caused by an attacker, sometimes by human error, application vulnerabilities, or poor security practices. It also includes any kind of private information, personal health information, financial information, personally identifiable information, trade secrets, and intellectual property.

2. Data Loss

Data loss may occur if the user hasn’t created a backup for his files and also when an owner of encrypted data loses the key which unlocks it. As a result it could cause a failure to meet compliance policies or data protection requirements.

3. Ransomware attack

Ransomware is a type of malicious software that threatens to publish the victim’s data or block access to it. The attack leaves you with a poor opportunity for get your files back.  One of them is to pay the ransom, although you can never be sure that you will receive the decryption keys as you were promised. The other option is to restore a backup.  

4. Account hijacking

It happens, when an attacker gets access to a users’ credentials, he or she can look into their activities and transactions, manipulate the data, and return falsified information.

5. System vulnerabilities
System vulnerabilities can put the security of all services and data at significant risk. Attackers can use the bugs in the programs to steal data by taking control of the system or by disrupting service operations.

6. Advanced persistent threats (APT)

An advanced persistent threat is a network attack in which an unauthorized person gets access to a network and stays there undetected for a long period of time. The goal of such kind of attacks is to steal data, especially from corporations with high-value information.

7. Denial of Service (DoS) Attacks

Denial-of-service attacks typically flood servers, systems or networks and make it hard or even impossible for legitimate users to use the devices and the network resources inside.

How does the Cloud Infrastructure protect the business from the dangers?

Nowadays most companies are still in a process of searching for the right formula and developing successful strategy to prevent all of the above mentioned threats.  What they should do is to adhere to strong security requirements and proper authorization or authentication.

In the report, “Assessing the Risks of Cloud Computing,” Gartner strongly recommends engaging a third-party security firm to perform a risk assessment.  Coding  technology is also a way to  give  no  chance  to  hackers to  hijack  your  computer  or spread ransomware infection. Data  is  encoded  in  your  computer  and  the  backup  data  is  uploaded directly to the cloud storage locations.

Another effective way to prevent unauthorized access to sensitive data and apps is to ensure secure access with modern, mobile multi-factor authentication. Cloud security is enhanced with compliance regulations which keep high standards of privacy and protection of personal data and information. In such situation PATECCO recommends organizations to focus on Cloud Access Control, Privileged Access Management, Role Based Access Control, GRC, SIEM, IGI.

It’s important to have a full understanding of the services available to protect your infrastructure, applications, and data. And it’s critical for teams to show that they know how to can use them for each deployment across the infrastructure stack. By implementing security measures across your deployments, you are minimizing the attack surface area of your infrastructure.

How Cloud Security Enables Innovation and Security in the Digital Age (Part 1)

Nowadays security technologies such as IoT, Big Data, Artificial Intelligence, User Behaviour Analytics, Cloud Computing are on the rise. Rapidly changing customer needs force firms to adapt and create new business models. More and more companies choose to implement cloud systems, because of the rising number of digital identities rises and the rising need to protect and manage how personal information is collected, used and distributed.

Cloud based applications are convenient for different types of businesses and at the same time enable secure data management, analysis, and access from anywhere. Businesses that implement cloud computing, report improved security, efficiency, agility and scalability.

Agility

Companies should regularly reinvent their business models and when using Cloud systems, they are provided with the required infrastructure, platforms and computing abilities that helps them stay agile and ready for a change.

Security

Cloud offers increased protection at each layer from threats such as data breaches, disasters, and system shutdown. 

Efficient collaboration and flexibility

Cloud computing gives the business the flexibility to share files or data, from different devices, with the people across the world.

Cloud systems also play a crucial role in marketing activities, bringing the following benefits to marketing teams:

1. Superior Customer Experience

Cloud business model helps marketers to offer a superior customer experience. Not only because of the single sign-on convenience, but because of the unified cloud infrastructure, as well. It allows marketers to easily access and share their files, both within the team and with clients. That makes the collaboration and communication easier and more effective than ever.

2. Improved Analytics

The cloud makes it easier to track leads, customers and prospects by the use of CRM system. Marketers have the ability to test new channels, and to determine which elements of the marketing strategy worked well and which not.

3. Innovation

With improved accessibility, collaboration, and analytics, marketers can focus better in understanding customer needs and their pain points, consequently they can spend more time creating innovative campaigns to connect with customers and respond their requirements.

Beside this, there are some examples for successful marketing activities in the cloud. One of them is IBM Digital Marketing Network in the cloud. It provides customized dashboards, allowing marketers to integrate new marketing services, to view how their marketing campaigns are performing through the different channel thanks to real-time analytics to any marketing service such as Google Display Network, Doubleclick Search, etc. This is an efficient way to improve customer engagement and responses.

The next successful example is Amazon Web Services. AWS is a cloud computing solution that allows millions of customers to build applications with increased flexibility, scalability, security, and reliability. A lot of marketers use Amazon Simple Email Service (SES) which provide the software for doing e-mail campaigns. In this way they can easily send email communications to large numbers of customers, and prospects.

Moving forward to Hybrid Cloud

As cloud computing becomes mainstream, many organizations prefer their IT environments to include public and some private cloud. Most of them believe that exactly the combination of clouds ensures robust cloud governance model.

Hybrid plays a key role for organizations that want to successfully manage data access between private networks and public clouds. And this interconnection acts as the bridge to securely and directly connect cloud service providers and enterprises. In this way the companies will be able to continue their business transformation journey and develop deeply innovative and business models for future growth.

PATECCO Takes Part in European Identity & Cloud Conference 2019 as a Gold Sponsor

The German IAM company PATECCO will be a Gold Sponsor, for a second time, at European Identity & Cloud Conference 2019. The event is organised by the analyst comany – Kuppingercole – and will take place from May 13-17, 2019, at INFINITY Ballhaus Forum Munich, Germany. EIC 2019 is known as Europe’s leading event for Identity and Access Management (IAM), Customer Identity and Access Management, and Cloud Security. Its audience includes hundreds of end users, executives, worldwide leading vendors, thought leaders, principal analysts and international top-speakers.

PATECCO Management team is taking part in practice discussions concerning Cloud Access Control and Internet of Things. Its professionals will share thoughts about the best practices for providing secure access with modern, multi-factor authentication and enabling interactions and interoperability in the Digital Ecosystem.

Photo Source: Kuppingercole

Being a Gold Sponsor gives PATECCO the opportunity to standout from competitors and to show its proficiency in Identity and Access Management as enabler of innovation and security in the Digital Age. The company also provides unique skills in IAM specific agile software development methods, based on latest technologies.Its long-term partnership with Microsoft and IBM supports the success in a number of international consulting projects from pharma, finance, insurance and utility sector.

PATECCO is a frequent exhibitor at Kuppingercole conferences and well-known with its competences in IAM, Public Key Infrastructure, Privileged Account Management, Role Based Access Control, and Identity Governance. The company is famous for its global capability – designing, deployment, and management and monitoring for clients of all sizes and industries around the world, long-term customer retention, security, compliance and flexibility.

How Cloud Access Control Enhances Security in Financial Sector

When talking about cloud computing, we usually relate it to the use of online software tools or mobile apps for interacting with Internet resources. It is no longer necessary to keep a physical server or local storage source on site, because when the client has access to the internet, the software for running a particular program can be accessed.

The popularity of cloud access control is growing and now a lot of businesses are planning or already use cloud access control systems, also known as managed access control. That gives the great opportunity for employees to store and retrieve files on remote servers via the internet and at the same time provides compatibility, convenience, flexibility and higher security.

For strengthening security in the corporate information systems of companies from financial sector, PATECCO developed effective cloud access control tools. Delivering greater flexibility whilst maintaining the levels of security essential to their business, is only one of the numerous advantages provided by PATECCO. Highly scalable, access control allows banking to react to meet increasing demands and is simple to administer. Given the flexibility of the cloud, it could help with data mining and provide richer data analytics insights.

Cloud access control provides secure deployment options that can help banks develop new customer experiences, enable effective collaboration and improve speed to market – all while increasing IT efficiency. As a technology, PATECCO cloud systems can help banks and financial institutions transform themselves into a digital business, enhance their enterprise security and compliance, and introduce automation for improved efficiency. Cloud computing helps banks reduce fixed IT costs, as well. The expenses can be shift from capital to operational costs. With cloud applications, there is no longer necessary to build hardware, it just pays for what it needs when it needs it.

PATECCO Cloud Access tools allows banks to provide a more consistent, digital experience across all customer-facing channels. It fundamentally changes the way in which customers interact with data and their banking providers. By extending cloud services to clients, banks can empower clients to update data and documentation to support ongoing maintenance of an accurate client risk profile for lifecycle compliance. This not only delivers greater efficiency for the bank and more convenience for the customer, but also builds up a deeper, closer relationship between them through enhanced digital communications.

By using cloud computing, banks can create a flexible and agile banking environment that can quickly respond to new business needs. A lot of examples prove that banks, trusting cloud systems, are better in responding to economic uncertainties, interconnected global financial systems and demanding customers. PATECCO even makes it easier for the employees to access risk and analytics reports while they are on the move. They see the benefits of accessing the internet on their smart phones and tablets, instantly even in remote locations.

Cloud Access Control Brings Different Approach to Security in Banking Sector

Cloud computing today is delivered and used in every vertical in the market across sectors. One of the key considerations for the banks continues to be physical security and access control. It’s a great challenge, especially when the organisation has numerous branches and facilities spread across different countries. To drive progress and innovation in banking, and to leapfrog the competition, it is critically necessary to make a transformation of the business models. Such kind of models require new ways to maximize profitability and returns, to increase agility, and to seize new market opportunities.

Security is a critical component in each organisation, especially in the financial services sector. There are strict regulatory requirements around data residency and data access. To overcome these challenges, a lot of banks are adopting cloud access security systems, aligned with the customers’ needs.

Benefits of Cloud Computing in Banking and Finance

Cost savings, better efficiency, the ability to access data and applications on the move are all important consideration factors that can drive financial services firms to adopt cloud computing.

1. Flexibility is the key

PATECCO cloud access control tools offer banks and the financial sector greater flexibility whilst maintaining the levels of security essential to their business. Highly scalable, access control allows banking to react to meet increasing demands and is simple to administer. Given the flexibility of the cloud, it could help with data mining and provide richer data analytics insights.

2. Strengthening security and compliance

Cloud access control provides secure deployment options that can help banks develop new customer experiences, enable effective collaboration and improve speed to market – all while increasing IT efficiency. As a technology, cloud can help banks and financial institutions transform themselves into a digital business, enhance their enterprise security and compliance, and introduce automation for improved efficiency.

3. Cost-effective

Cloud computing can help banks reduce fixed IT costs. The expenses can be shift from capital to operational costs. With cloud applications, there is no longer necessary to build hardware, it just pays for what it needs when it needs it.

4. Improved customer relationships

Cloud computing allows banks to provide a more consistent, digital experience across all customer-facing channels. It fundamentally changes the way in which customers interact with data and their banking providers. By extending cloud services to clients, banks can empower clients to update data and documentation to support ongoing maintenance of an accurate client risk profile for lifecycle compliance. This not only delivers greater efficiency for the bank and more convenience for the customer, but also builds up a deeper, closer relationship between them through enhanced digital communications.

5. Mobility

It’s now easier for the employees to access risk and analytics reports while they are on the move. They see the benefits of accessing the internet on their smart phones and tablets, instantly even in remote locations. And since a cloud facilitates users to access systems and infrastructure using a web browser, regardless of location and time, advancement of such interfaces has started taking shape.

In the dynamic economic times, banking and finance sector is under even greater scrutiny than ever. By using cloud computing, banks can create a flexible and agile banking environment that can quickly respond to new business needs. A lot of examples prove that banks, trusting cloud systems, are better in responding to economic uncertainties, interconnected global financial systems and demanding customers.  

For more information about PATECCO best practices in IAM, check out here: