Wibmo is a full-stack PayTech company delivering state-of-the-art solutions to make digital payments simple, secure, and fast. It is an industry leader in emerging markets and offers solutions for mobile payments, fraud and risk management, prepaid services, and a host of merchant and acquiring services. Wibmo holds PCI DSS, PCI-3DS, PCI-SSLC, ISO 27001, ISO 27701, GDPR, and SOC 2 certifications for security and privacy. Founded in Cupertino, CA, in 1999 and a subsidiary of PayU, Wibmo has strategic partnerships with over 160+ banks across 30+ countries. Furthermore, it is the largest authentication service provider in India, which is one of the world's leading digital payment markets.
Rising complexities in work environment security
Wibmo aimed to boost its ability to withstand and adapt to the increasing frequency and complexity of cyber threats by harnessing digital capabilities. In addition, the pandemic presented a significant obstacle in terms of endpoint security since remote work reduced the level of control over previously secured assets. As a result, Wibmo sought to implement a new, improved security framework that was not location-dependent and could provide seamless protection for individuals, devices, applications, and data.
Suresh Rajagopalan, CEO, Wibmo, a PayU company says, “Our goal was to ensure the security of all aspects, ranging from network packets to endpoints. We required a solution that could maintain strong levels of security and governance across various work arrangements - whether remote, hybrid, or in-office - while also guarding against the rising volume of cybersecurity risks.”
Enabling proactive security with Microsoft 365 E5
Wibmo opted to enhance its security measures by adopting the Zero Trust security model, which operates on the principle of "never trust, always verify." This approach reduces risk and safeguards resources by constantly verifying identities, devices, and services before granting access.
Choosing Microsoft as its preferred provider, Wibmo leveraged its solutions and comprehensive support to successfully implement a Zero Trust security framework within 20 months using Microsoft 365 E5. The architecture was founded on three key principles: explicit verification, the use of the least amount of privileged access necessary, and the assumption of a breach.
Adopting Zero Trust to do more with less
The Microsoft 365 E5 solution has enabled Wibmo to improve and gain better control of its security landscape. Some of the tangible benefits are as follows –
Over 500 identities and endpoints modernized
By deploying automated validation for all identities and endpoints, it ensures that each identity has only the necessary level of access, and every device is fully compliant with the company's Information Security policies. Moreover, Microsoft Defender for Endpoint safeguards and manages the endpoints against sophisticated threats.
Effective security for remote, hybrid, and on-prem work modes
User identities of Wibmo employees across different work modes are now verified with robust authentication methods. Security is optimized with granular access controls and real-time adaptive policies. The integrated security systems detect threats faster, prevent attacks proactively, and respond better in real-time.
Increased customer trust with robust security
With this solution in place, Wibmo can ensure the highest level of security and privacy for its customers' data leading to greater customer trust. By automating its identity governance to regulate access to resources for all users, Wibmo can intelligently identify and address compromised accounts and devices throughout the internal and external digital infrastructure.
Fortified fintech ecosystem
Security is a crucial concern for the fintech industry. With varying levels of awareness among users, accounts can get compromised or devices can get attacked. The number of cybersecurity threats are also on the rise. Wibmo's solution effectively addresses these security gaps and eradicates them by following explicit verification, use of least privileged access, and assumption of breach. This results in a safer and more stable payment ecosystem.
Enhanced employee experience
By automating end-to-end identity lifecycle management, Wibmo has been able to provide its employees with a smooth and hassle-free user experience. The solution enables swift onboarding or offboarding of users with automated end-to-end identity lifecycle management, effortless access to applications, and easy app discovery from any location. This has empowered users to work securely at any time and from any device.
Moreover, the intelligent security model has reduced IT overhead costs and allowed the IT team to concentrate on more critical security considerations and innovations for the core business.
Looking to strengthen its security posture further
Ravi Bhushan, CISO, Wibmo, a PayU company says, “Due to the rise of the internet as the primary network and the ever-evolving threats in the digital world, we opted for a Zero Trust security model. In collaboration with Microsoft, we have deployed a Zero Trust architecture that offers a secure platform to safeguard devices, data, and people at scale, while minimizing costs.”
Wibmo intends to maximize the potential of Microsoft 365 E5 and enhance the maturity of the solution configuration. Additionally, the company is exploring more sophisticated solutions that can adapt to the complexities of the modern environment while streamlining and augmenting protection measures even further.
“Our goal was to ensure the security of all aspects, ranging from network packets to endpoints. We required a solution that could maintain strong levels of security and governance across various work arrangements - whether remote, hybrid, or in-office - while also guarding against the rising volume of cybersecurity risks.”
Suresh Rajagopalan, CEO, Wibmo, a PayU company
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