IIFL to use Palo Alto Networks solutions to secure virtual environments

Santa Clara, California headquartered cybersecurity company Palo Alto Networks, on Wednesday announced that financial services company Indian Infoline (IIFL) has adopted its cybersecurity solution to secure its virtual environments.

The solutions, such as Strata network security suite, will help the Mumbai-based company to strengthen cybersecurity across on-premises and cloud-based activity, according to a statement.

Founded in 1995 by Nirmal Jain, Rajamani Venkataraman, IIFL is a financial services company that covers multiple markets, including wealth management, home loans, microfinance, and retail banking. The company claims to have over 2,000 branches in more than 500 cities across India.

The deployment of Palo Alto Network’s security suite will help IIFL in various ways which include establishing end-to-end threat visibility, from the cloud to on-premises to devices; providing complete protection of applications and workloads in physical data centers, across local area network (LAN) perimeters, and in multiple public clouds, to ensuring scale to accommodate business growth, among others.

Read: Palo Alto Networks to buy SD-WAN player CloudGenix to bolster network, security solutions

“The cybersecurity challenges - handling multiple clients and managing thousands of employees working remotely - that a large financial services company like IIFL face daily is immense. This has become even more critical in the wake of the current Covid-19 pandemic,” said Anil Bhasin, regional vice president, India, and SAARC at Palo Alto Networks said.

Palo Alto Networks, established in 2005 Rajiv Batra, Nir Zuk, Yuming Mao and Dave Stevens, is a cybersecurity company. It claims to have over 70,000 customers in more than 150 countries. Its revenue for FY2019 was $2.9 billion, according to the company’s website.