Securing Non-Human Identities for Financial Services

Digital transformation is reshaping the financial services industry, with Non-Human Identities (NHIs)-like service accounts, API keys, and secrets-playing a crucial role in enabling connectivity. However, as reliance on NHIs grows, so does the risk of misuse.

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Graphic illustrating 10 steps to effective non human identity management in financial services

The first solution for securing Non Human identities in Financial services

$5.72M

Average total cost of a financial services breach

IBM Security

46%

Of organization has experienced a breach of non-human identities had NHI accounts

ESG

328 Days

It takes 328 days to recover from an NHI attack

IBM Security

The Role of NHI Security in Top Technology Priorities For Financial Services

Financial Services organizations are among the most highly regulated and cybersecurity-aware organizations due to the critical nature of their role and the sensitivity of the data they handle in modern economies. NHIs are key enablers of all major technology priorities for banks, facilitating secure access and authentication between services at every layer of the technology stack.

Financial Services’ Top Tech Priorities All Involve NHIs

Oasis Security robot representing automated and secure non human identity (NHI) management solutions

Graph lines illustrating Financial Services' top tech priorities, all centered around non-human identity management (NHIs)

Artificial Intelligence (AI) and Machine Learning (ML)

Robotic Process Automation (RPA)

Mobile and Digital Wallets

Regulatory Technology (RegTech)and Auditing

Identity Security

Blockchain and Distributed Ledger Technology (DLT)

Big Data  and Analytics

Open Banking

Cloud Migration

Common Breach Scenarios Involving NHIs 

Misconfiguration and Exposed Secrets

Occurs when credentials or private keys are accidentally exposed due to misconfigurations. For example, Microsoft AI researchers inadvertently exposed 38 TB  of data when a misconfigured Shared Access Signature token was published in a public repository.

Common Breach Scenarios Involving NHIs: Misconfiguration and EGraphic showing common breach scenarios involving NHIs, including misconfiguration and exposed secretsxposed Secrets

Exploitation of Unrotated Secrets

Often exploit old or unrotated credentials to gain unauthorized access. A notable case involved Cloudflare, where four NHIs were left unrotated after a breach at Okta by mistake (approx. 5K were properly rotated), leading to potential unauthorized access.

Privilege Escalation

Attackers gain unauthorized access to systems due to inadequate identity and access controls, often stemming from poor visibility and management of NHIs. An example includes  a breach at AWS, where attackers accessed .env files containing privileged credentials.

Insider Threats

In some cases, employees with access to NHIs may misuse their privileges intentionally or unintentionally. For example, a disgruntled employee might exploit a service account to access confidential data or disrupt services, leading to significant security incidents.

Meet Regulatory Compliance and Industry Standards

Our platform empowers your organization to achieve compliance with regulatory standards like PCI DSS v4.0 by automating the management of application and system accounts. It provides comprehensive tools for assigning ownership, conducting automated access reviews, and continuously monitoring permissions, ensuring that all Non-Human Identities are securely managed.

Understand the Context

Provides detailed insights into the usage of each secret. Understand who or what is accessing your secrets and for what purpose, enhancing your ability to manage and secure them effectively.

Remediation

Gives out-of-the-box remediation plans to shorten resolution. In addition to identifying issues, the platform goes a step further by offering pre-configured remediation plans. These out-of-the-box solutions are designed to streamline the resolution process, providing actionable steps to address identified issues promptly