Leading Financial Institution Leverages Cutting Edge Technology to Secure Clients' Information
CHICAGO (March 25, 2009) - Envestnet Asset Management, a leading provider of wealth management solutions to more than 10,000 financial advisors, has implemented Trustwave's TS-1000 Multi-Gigabit Intrusion Prevention System (IPS) to help secure their Internet-based, customer-facing financial planning programs. An Intrusion Prevention System acts as a security guard for a network by blocking unwanted activity that could lead to a security breach and theft of data based on prior knowledge of traffic that is permitted to enter a network.
"We found that we needed an ever increasing level of internal support to dedicate to our traditional intrusion prevention service and decided to explore the options of an outside resource to fulfill our needs. We wanted a solution that was managed by security experts and offered cutting edge technology," says John Pranulis, senior vice president of systems and networking at Envestnet.
Trustwave's innovative TS-1000 Multi-Gigabit Intrusion Prevention System is capable of examining gigabits of data while exploring network traffic for unauthorized or malicious activity. This approach is optimal for any organization securing financial or other business critical data, intellectual property and client information. On Envestnet's network, Trustwave's TS-1000 blocks unwanted activity through a prevention policy. Upon discovering any vulnerability, it automatically implements a policy that blocks activity that could exploit those weaknesses.
The high-speed capability of the TS-1000 provides multi-gigabit performance with the ability to process more than one million concurrent network connections at a rate of 30,000 per second, including e-mail exchanges, data transfers, financial transactions, Web page requests and other activity.
Trustwave's Security Operation Center monitors and manages the TS-1000 24x7, freeing up resources previously dedicated to the continuous tuning and configuration associated with traditional intrusion prevention products.
To measure the effectiveness of Trustwave's multi-gigabit IPS, the Tolly Group, a premier independent test lab, evaluated the TS-1000 to validate its performance and security efficiency. The Tolly Group found that,
"The TS-1000 blocks 99.1 percent of security attacks tested in a simulated corporate network environment, while continuing to deliver more than 1 gigabit per second (Gbps) of throughput with low levels of latency." 1
"Trustwave's TS-1000 meets protection requirements of our corporate network and allows for additional growth in our business," says Pranulis. "Its attack blocking accuracy ensures that we have an effective solution to keep our assets protected and information secure."
"Trustwave's TS-1000 Multi-Gigabit IPS solution is designed to provide intelligent attack prevention at gigabit speeds for corporate networks handling more data than ever before," says Robert J. McCullen, chairman and CEO of Trustwave. "This solution augments our security suite and guards against even the most malicious attacks, continuously protecting an organization's network assets."
About Envestnet
Envestnet is an advisor's gateway for expert wealth advisory solutions. Through a unified technology platform, the company offers a broad range of investment products as well as fee-based services and solutions that include extensive reporting capabilities and front-, middle-, and back-office administrative tools to the independent financial advisor.
Envestnet delivers unparalleled practice and portfolio management support, empowering advisors to create customized investment solutions that are able to meet their clients' unique investment needs. The firm leverages the expertise of leading asset managers and defined asset allocation strategies as well as offers financial advisors ongoing investment manager research and portfolio monitoring provided by PMC, the investment consultancy arm of Envestnet.
Our proprietary technology platform is geared toward reducing administrative demands as well as providing tools and resources to help advisors spend more time focusing on important client relationships.
Envestnet is headquartered in Chicago with offices in Denver, Los Angeles, New York, Silicon Valley and Trivandrum, India. The firm has more than $70 billion in total assets served and more than 650,000 investor accounts*. For more information, visit http://www.envestnet.com.
*Data includes assets under management and administration and licensing arrangements as of 12/31/2008.
About Trustwave
Trustwave is a leading provider of on-demand and subscription-based information security and payment card industry compliance management solutions to businesses and government entities throughout the world. For organizations faced with today's challenging data security and compliance environment, Trustwave provides a unique approach with comprehensive solutions that include its flagship TrustKeeper® compliance management software and other proprietary security solutions including SIEM , WAF , EV SSL certificates and secure digital certificates . Trustwave has helped hundreds of thousands of organizations-ranging from Fortune 500 businesses and large financial institutions to small and medium-sized retailers-manage compliance and secure their network infrastructures, data communications and critical information assets. Trustwave is headquartered in Chicago with offices throughout North America, South America, Europe, Africa, Asia and Australia. For more information, visit https://www.trustwave.com/en-us/.
1 "Trustwave TS-1000 High-Speed Intrusion Prevention Appliance IPS Performance and Security Effectiveness Evaluation," by The Tolly Group, June 2008.