Success Story

Group-IB x Banca Mediolanum Success Story

Learn how Group-IB Attack Surface Management helped Banca Mediolanum streamline asset discovery and vulnerability management by automating the identification of shadow IT and misconfigurations. This solution enhanced visibility, reduced labor hours, and improved cross-team collaboration, leading to a significant reduction in mean time to patch (MTTP) and a stronger overall security posture.
Download PDF
Cover Banca Mediolanum

About the case study

Banca Mediolanum is an Italian bank, insurance provider, and asset management conglomerate that employs over 6,000 people across multiple offices throughout Europe. The company was founded in Italy in 1982 and has since grown to become one of the top 10 largest banks in the country today.

 

Banca Mediolanum is also the parent company of several subsidiaries, including the Mediolanum Group, a financial services firm based in Milan, as well as other financial institutions in Spain and Germany. With over one million customers across the European continent, Banca Mediolanum has a serious global presence that demands advanced technologies and innovative IT security solutions.

Industry

Banking & Finance

Year of foundation

1982

Geography

Offices in Italy, Spain, and Germany

Company mission

Banca Mediolanum is bringing change to the traditional banking market that goes well beyond technology by offering families a new kind of freedom: “Freedom in Banking.” This commitment means offering comprehensive, reassuring, and transparent financial solutions through innovative yet easy-to-use technological solutions.

Background

Banca Mediolanum must manage complex IT infrastructures in several different nations and business segments. As a result, the enterprise has a wide range of websites, services, mobile applications, and other assets to inventory, manage, and protect.

Of course, Banca Mediolanum’s network perimeter is not static–on the contrary, it is constantly expanding. Many different teams update infrastructure and create new resources. This makes it difficult for IT and InfoSec teams to maintain complete visibility on all external-facing assets. While vulnerability assessments, penetration tests, and other traditional security practices are very useful, they can only be applied to known assets.

Banca Mediolanum’s real challenge is to discover the unknown unknowns: that is, to identify all of the assets which are not currently known to the organization. With a rapidly-expanding security perimeter, it’s necessary to perform constant discovery to ensure that all external-facing assets are inventoried, managed, and secured.

Why Group-IB

When performed manually, the process of hunting for shadow IT and other unknown assets is complex and time-consuming. Additionally, because new assets are being deployed all the time, the task must be completed at regular intervals to ensure complete visibility.

To streamline and automate this process, Banca Mediolanum deployed Group-IB Attack Surface Management. By continuously discovering Banca Mediolanum’s external attack surface, the solution provides a comprehensive view on shadow IT and misconfigurations.

Attack Surface Management also inventories all external assets, checks for vulnerabilities, evaluates the risk level of each asset, and prioritizes remediation tasks. With the most urgent vulnerabilities already identified and highlighted, Banca Mediolanum’s security personnel can make the most high-impact remediations first. As issues are addressed, the issues are marked as solved on the product dashboard and the risk scores are updated in real time.

By providing automated, continuous monitoring and discovery, Attack Surface Management dramatically reduces the amount of time that IT and InfoSec teams need to spend on asset discovery. Security personnel are able to focus on high-priority remediations, thus enabling busy teams like Banca Mediolanum to produce significant results with a minimal investment of time and resources, which in turn ensures a measurable ROI.

About Attack Surface Management

Group-IB Attack Surface Management is an intelligence-driven SaaS solution designed to discover, analyze, and manage the attack surface of complex infrastructures from one, easy-to-use interface. The solution provides full visibility on all of an organization’s external-facing assets, including shadow IT and forgotten infrastructure, and identifies the assets that may be at risk. Vulnerabilities are assigned a quantitative risk score and prioritized based on the urgency of remediation.

Unlike other products, the Group-IB solution goes beyond a basic inventory of IT assets to incorporate data points collected by Group-IB’s industry-leading threat intelligence. These insights map IT assets to real threats, such as mentions on underground forums, credential dumps, botnet activity, malware research, and communications with C&C servers used to launch attacks. Alerts are issued for high-priority items and critical vulnerabilities.

As issues are addressed and solved, they are removed from the dashboard’s view but remain tracked to enable customers to monitor their progress over time. Attack Surface Management also provides a comparative analysis dashboard that allows customers to see how their security posture stacks up against that of other companies in the same region or industry. An advanced reporting feature makes it easy to export data and demonstrate real value to stakeholders.

Group-IB Solution

Attack Surface Management
Attack Surface Management
Receive actionable insights to improve security posture with an external attack surface management solution.

Business outcomes for Banca Mediolanum

Group-IB Attack Surface Management produced a number of measurable outcomes for Banca Mediolanum. With increased visibility on all external assets, as well as information about potential vulnerabilities, Banca Mediolanum’s MTTP (mean time to patch) was significantly reduced. In addition, Banca Mediolanum saved hundreds of labor hours that the InfoSec, IT and GRC teams would have otherwise needed to spend on hunting for shadow IT and inventorying assets.

After deploying Attack Surface Management, Banca Mediolanum also experienced a dramatic increase in cross-team communication, in particular between the IT and InfoSec teams. Moreover, technical teams were able to communicate more effectively with business-focused teams.

For example, the InfoSec team was able to show the bank’s infrastructure mapped geographically in terms the operations team could easily understand, helping to raise interest, support and budgets. Ultimately, this mutual understanding helped to bridge the gaps between Business teams, IT and InfoSec, resulting in cross-functional collaboration, increased efficiency, and a much stronger security posture for Banca Mediolanum.

After deploying Attack Surface Management, Banca Mediolanum also experienced a dramatic increase in cross-team communication, in particular between the IT and InfoSec teams. Moreover, technical teams were able to communicate more effectively with business- focused teams.
Group-IB Attack Surface Management is an effective product that had an immediate impact on security posture for Banca Mediolanum. By helping us to fully discover our external assets and prioritize remediations, the solution saved our infosec team time, which saved the company money through the reallocation of the security team’s resources to other high-priority projects. We also saw increased coordination between departments, further strengthening security for the entire organization.
Fabio Gianotti
Fabio Gianotti
CISO Banca Mediolanum

Download PDF