As attacks grow more frequent and dangerous, financial organizations are doubling down their security efforts. Organizations are investing in extended IT infrastructure monitoring to scan for breaches, failures, malware, and other system anomalies. What’s more, they’re adopting tools that can automate security processes – an essential function given the sheer volume of attacks on financial systems.
Comprehensive IT monitoring. The ideal system will provide complete observability of your IT infrastructure. Know what devices are present on your network. Everything from servers, routers, cloud devices, applications, and storage systems should be monitored by one tool.
Clicking on any device should give immediate access to a wealth of related network monitoring settings and reports. Be able to determine the health of any network component and track performance indicators such as bandwidth, latency, availability, and uptime.
Intelligent notifications. Look for a robust alert system that immediately flags any concerning activity. Alerts should be customizable and deliverable via various channels (for example email, web, text, Slack, Teams, etc.)
But too many alerts can overwhelm your IT team. Over a third (37%) of banks receive more than 200,000 security alerts a day, according to research from Ovum. Most of those alerts are irrelevant.
The right monitoring systems can be set up so that alerts are only issued when someone has to log in and react. What’s more, particularly sophisticated network monitoring solutions can not only identify device dependencies to reduce alert storms but can also implement self-healing actions (like restarting a device) that can resolve network issues without IT intervention.
Deep traffic monitoring. Financial organizations need detailed visibility into network traffic to see which users, applications, and devices are consuming the most bandwidth. Unusual usage and activity spikes could point to a security issue.
Network configuration. Protect against accidental or malicious network device configuration changes. Be sure your organization gets notifications whenever a configuration changes. Better yet, the system will also allow your organization to set up an action policy that can automate certain actions like running a backup, removing users, or updating firmware.
Log management. Monitor logs and set up alerts for meta trends like log volume changes. Filter and archive logs for any retention period to comply with regulatory requirements.