Manama, Bahrain: The National Bank of Bahrain Group (NBB Group) has announced the successful deployment of the first Virtual Cyber Fusion Centre (vCFC) in the regionNBB Group selected Cyware, the industry’s only Virtual Cyber Fusion Centre (vCFC) provider, for its advanced cyber fusion technology that offers threat intelligence sharing, incident response, and security automation and orchestration (SOAR) capabilities over an integrated, modular, and virtual platform. Parts of the deployment of the Virtual Cyber Fusion Centre (vCFC) has moved to Amazon Web Services (AWS) data centers in Bahrain in line with the cloud adoption strategy of the Government of Bahrain.
Through the deployment, the Group enabled itself with cyber threat intelligence feeds to all its assets using Cyware Threat Intelligence eXchange (CTIX). This shift brings advanced capabilities for multi-source threat intelligence ingestion, enrichment, and analysis, and allows NBB Group to significantly bolster its security posture as compared to the traditional SOC model of security deployed by similar organisations.
“The NBB Group is proud to be partnering with Cyware. It is our responsibility to keep our assets and customers safe from cyber-attacks. By bringing in Cyware’s cyber fusion centre, the Group is adopting an intel-driven, collaborative, and automated security approach much needed for countering advanced security threats”, stated Razi Amin, Group Chief Information Officer, National Bank of Bahrain.
Akshat Jain, Chief Technology Officer and Co-founder, Cyware, said, “Being one of the most-trusted and fastest-growing financial centres, Bahrain is a potential target for threat actors. We are honored that NBB Group chose us in their quest to stay secure against advanced threats. We look forward to seeing the results of this effective programme being implemented for an unmatched security posture that we built with the Group.”
Cyware’s Virtual Cyber Fusion Centre is a next-generation approach to cybersecurity that unifies all security functions into a single, integrated defense platform. The fusion centre, with its bidirectional threat intelligence sharing capabilities, would also pave the way for NBB Group to collaborate with other banks and financial services organisations in Bahrain or the GCC through sharing of high confidence actionable threat intelligence data.
Established in 1957, the National Bank of Bahrain is the Kingdom’s first locally-owned bank. It underwent a massive transformation in 2019 by launching a new brand identity. With the largest network of 27 branches and over 100 ATMs in Bahrain, NBB is paving the way for innovation and convenience for local and regional customers. It is publicly listed on the Bahrain Bourse with a strong local stakeholder profile. It is also a majority stakeholder (78.81%) of Bahrain Islamic Bank (BisB), enabling it to become more relevant in Sharia-compliant businesses and geographies.
To learn more about NBB, visit www.nbbonline.com
Cyware helps enterprise cybersecurity teams build platform-agnostic virtual cyber fusion centers. Cyware is transforming security operations by delivering the cybersecurity industry's only Virtual Cyber Fusion Center Platform with next-generation SOAR (security orchestration, automation, and response) technology. Built on innovation designed by SecOps practitioners and cybersecurity leaders, Cyware offers multiple technologies within its next-generation platform, including advanced threat intelligence solutions (TIP) for large and small security teams, vendor-agnostic security automation (SOAR), and security case management. As a result, organizations are able to increase speed and accuracy while reducing costs and analyst burnout. Cyware's Virtual Cyber Fusion solutions make secure collaboration, information sharing, and enhanced threat visibility a reality for enterprises, sharing communities (ISAC/ISAO), MSSPs, and government agencies of all sizes and needs.
To learn more about Cyware, visit www.cyware.com
© Press Release 2021