Case Study: IFIC Bank boosts security and visibility with Palo Alto Networks

IFIC Bank saves 40% on security hiring costs with Palo Alto Networks

IFIC Bank, a major commercial bank in Bangladesh, faced significant security and manageability challenges as it rapidly expanded from 150 to 1,400 branches. The bank needed to secure its internet and DMZ services, protect a new Card Management System, gain better traffic visibility, and ensure regulatory compliance while consolidating multiple legacy security products.

The bank implemented Palo Alto Networks' ML-Powered Next-Generation Firewalls and Cloud-Delivered Security Services. This solution from Palo Alto Networks provided centralized security, granular visibility, and automated reporting. The results included 40% cost savings on hiring for security monitoring, an average of three hours saved daily on manual tasks, and robust protection for all financial data and card systems during the expansion.

IFIC Bank