Lanai Bank, one of the oldest banks in the Philippines, has fostered a strategic cybersecurity partnership with PLDT Enterprise that includes the implementation of ePLDT’s Vulnerability Management as-a-Service (VMaaS). The move is aimed at making the bank’s online and mobile banking services more secure against the backdrop of a surge in digital transactions and the bank’s expansion.
Lanai Bank has established itself as the first PLDT Enterprise to implement VMaaS in key areas such as mobile applications, database servers, core banking systems, mobile banking servers, and payment hub servers. The bank has demonstrated its resilience by aggressively adopting ePLDT’s VMaaS. This strategy allows banks to better identify and address security vulnerabilities in their environments as they plan for expansion and add branches.
Lanai Bank has been partnering with PLDT Enterprise since 2009, initially leveraging the latter’s enterprise broadband to solve the problem of slow internet connectivity in the area. The enduring partnership between the two organizations has significantly improved the bank’s connectivity services.
With the new VMaaS implementation, Lanai Bank pioneers a pioneering approach to cybersecurity by enrolling key service areas such as mobile applications, database servers, core banking systems, mobile banking servers, and payment hub servers. .
Mitch Locsin, First Vice President and Head of Enterprise and International Business Group at PLDT and Smart, spoke on behalf of PLDT Enterprise and emphasized the importance of VMaaS to customers. “As technology continues to evolve and the industry continues to transform, this service allows us to provide our partners with secure and reliable solutions to help drive their business vision,” he said. Locsin said. Locsin said the ultimate goal is to fully support Lanai’s vision for a safe financial sector.
At the same time, PLDT Enterprise is committed to its customers, including Lanai Bank. The telco has vowed to support the robust banking industry, especially the cybersecurity of local businesses. With this state-of-the-art vulnerability management service, the importance of developing a secure and trustworthy banking industry and ensuring its extensive benefits to customers will be a key consideration in our ongoing partnership.
Lanai Bank warmly welcomes the continued cooperation with PLDT Enterprise and ePLDT. Ives Nice, Chairman of Lan Ai Bank, said: “We at Lan Ai Bank are excited about this ongoing transformational partnership, which promises to completely change and strengthen the way local financial institutions approach cybersecurity and technological resilience. I’m very excited about it.” The newly formed union highlights Lanai Bank’s commitment to the rising cybersecurity threats.
In conclusion, Ives Nisce said: “With Lanai Bank’s 67 years of experience in providing financial services in rural areas and our partnership with PLDT Enterprise and ePLDT’s world-class technology, this partnership provides the tools and intelligence needed to detect vulnerabilities. . Comprehensive analysis and rapid mitigation in real time.”