IIFL taps Palo Alto Networks' network security management solutions

Palo Alto Networks has bagged a deal from financial institution IIFL, where the network service provider will extend its virtual environment with Palo Alto Networks' Strata Next-Generation Firewalls, Panorama and WildFire.

As IIFL Finance's group sits on a wealth of sensitive personal and financial data and to protect its corporate reputation in the eyes of regulators and customers, it must effectively manage security threats.

This is where Palo Alto Networks found a value proposition that came in with its Strata network security suite, including Next-Generation Firewalls; Panorama network security management for all firewalls at the perimeter, in the data center, or in the cloud; and the WildFire malware prevention service.

Palo Alto Networks says that the deployment will help IIFL in establishing end-to-end threat visibility, from the cloud to on-premises to devices. Palo would provide complete protection of applications and workloads in physical data centers, across LAN perimeters, and in multiple public clouds.

Anil Bhasin, Regional Vice President, India & SAARC at Palo Alto Networks,  reacting to this deal had said that the cybersecurity challenges - handling multiple clients and managing thousands of employees working remotely - that a large financial services company like IIFL face on a daily basis is immense. This has become even more critical in the wake of the current Covid-19 pandemic.

Palo Alto Networks, according to him, would help evolve IIFL's IT environment to better support remote access solutions. "We are confident that the dynamic nature of our platform will provide a secure environment for IIFL to safely access remote work capabilities now and in the future," expressed Bhasin.