StoredSafe

Organization with High Business Security Requirements

Business Needs

A very large financial institution needed a strong secure scalable solution to protect critical/confidential documents, passwords and encryption keys. The organization manages several thousand privileged (generic, service accounts, shared accounts) account passwords and encryption keys for core applications and IT infrastructure. In addition, the IT department and critical departments have many critical and highly confidential documents.

The current password solution did not support two factor authentication, lacked audit trails, and password strength requirements. The current solution for protection of documents relied on protected file folders and ad-hoc file encryption.

Solution

The organization implemented the following solutions to address the business needs:

  • Two Factor Authentication StoredSafe: Integrated with the current authentication solution for remote access and internal use.
  • Password StoredSafe: Storage of passwords and encryption keys
  • File StoredSafe: Storage of highly confidential documents

Key Benefits

  • “Real” business-need-only access to highly confidential data i.e. no IT administrator has access to any data
  • Easily integrated and deployed into the current IT infrastructure
  • Quick implementation time
  • Highly secure solution
  • Low investment and maintenance
  • Scalable to several thousand users
  • Easy to use
  • Regulatory compliance

Project Investment

Solution Price
Two Factor Authentication StoredSafe $8,585
Password StoredSafe $8,585
File StoredSafe $8,585
Redundant solution $11,850 (Optional)
Implementation Support $5,000 (Optional)
Total $42,605

Total Monthly Estimate Year 2 for 30 users: $596