- CBNK has chosen Microsoft’s proactive protection and threat intelligence tools, thanks to AI, which provide greater efficiency, in terms of functionality and cost, in detecting and responding to cyber threats.
- The technology platform, services and personalized solutions provided by Microsoft enhance the services and experience that CBNK provides to its clients.
CBNKan entity resulting from the merger between Banco Caminos and Bancofar, and currently one of the main financial groups specialized in banking in Spain, has been selected Microsoft as a technology partner to strengthen your innovation, security and growth strategy continue to be a benchmark in the financial sector.
The entity, specialized in engineering or health professionals, is based on a unique banking model created more than 50 years ago. Because of its commitment to innovation, CBNK has a close relationship with Microsoft as a technology partner. So he chose a full suite of security and compliance Microsoft 365 E5including products such as Microsoft Defendants and Microsoft Purview, and for Microsoft Sentinel to comprehensively protect and manage the entire security operation of the organization.
The transfer of the previously outsourced SOC service done in record timein less than 6 weeks, thanks to the work of Conradh na Gaeilge InnovationMNEMO group company specialized in cloud security and Microsoft partner.
Adoption of a a unified security operations platform based on Microsoft Sentinel and Defender XDRhas provided CBNK with a more efficient and cost-effective solution to detect, investigate and respond to cyber threats. This new SOC service is one of the main pillars of the entity fulfillment of European Union Regulation and helps CBNK’s security teams better detect anomalous or potential malicious activity across their AI infrastructure with the company’s security management capabilities. Artificial intelligence on platforms such as Microsoft Azure OpenAI Service and Azure Machine Learning.
In the words of the CBNK Cybersecurity Manager, José Carlos Lledó: “The security platform approach that provides native Azure and Microsoft 365 security capabilities, and integration with other third-party security solutions, allows us to protect CBNK’s critical assets at the scale and speed required by business transformation initiatives.”.
The new SOC service based on Defender XDR and Sentinel is part of a three-year plan to increase the financial institution’s cyber security maturity. And among its advantages, the evaluation of the security posture stands out (Good score) offered by the Microsoft platform, which the target is set above 80%improving more than 20 percentage points from the starting position. Likewise, before the entity had basic coverage that was difficult to monitor and now it can be done continuously with Microsoft’s own Sentinel solution. This makes it possible to consistently define the evolution strategy going from less than 20% coverage to more than 70% in three years.
About CBNK
CBNK is one of the leading specialized banking financial groups in Spain. In 2014 Banco Caminos acquired Bancofar; where both entities had extensive experience serving professional groups. Banco Caminos, founded in 1977, has been linked since its birth to road, canal and port engineers (ICCP) as well as other professional activities and sectors close to them, while Bancofar was born in 1964 and since then it has been close always. for pharmaceutical professionals. In 2018 Grupo Caminos was born. In 2023, the merger is carried out through the absorption of Bancofar into Banco Caminos, the two banking entities of the Group, which will be renamed CBNK. The new brand is created to extend the value proposition to other groups with a focus on professionals who are specialized in their field of knowledge (engineering and health) with a high impact on society.
