In the high-stakes world of finance, balancing airtight security with seamless access is a constant challenge. For Stonebridge Capital, outdated login processes and password management were creating friction for employees and burdening IT support.
Faced with growing security threats and the need for operational efficiency, the firm turned to Everykey’s proximity-based access solution. The result: a streamlined login experience, stronger security posture, and a significant reduction in IT workload – all without compromising compliance or productivity.
Overview
Operating in the financial sector requires strict adherence to security standards while maintaining operational efficiency. However, organizations still need streamlined processes to meet the evolving needs of their clients.
This was the challenge faced by Stonebridge Capital when evaluating their security protocols. The management team emphasized that they could not compromise on security or efficiency. Everykey’s proximity-based authentication solution provided a seamless answer, addressing their most pressing concerns with ease.
Challenges
Problem 1: Strengthening User Authentication Without Complicating Access
Passwords need to be strong and complex, but this often leads users to create ones that are difficult to remember, increasing security risks.
Operating in the financial sector, Stonebridge Capital has both ethical and legal responsibilities to protect client data. Constant password changes disrupted workflows and were not a sustainable long-term solution.
Problem 2: Streamlining Logins Without Compromising Security
The firm reported that their login process was too slow, creating inefficiencies. Over time, the cumulative delays had a significant operational impact.
Allowing users to manage their own passwords resulted in weak security practices. The firm set a goal of implementing a minimum password standard of 14 characters, but they needed a solution that maintained security while improving efficiency.
Problem 3: Automating Authentication and Access Management
Automation was identified as a crucial requirement for the firm. Leadership sought an approach that would enforce strong authentication policies while reducing administrative overhead.
Automated access management was also considered essential for eliminating weak passwords and reducing the need for employees to remember multiple credentials. With insider threats affecting more than 34% of global businesses each year, access monitoring and control were top priorities.
Solutions
Solution 1: Implementing Proximity-Based Authentication
Everykey’s proximity-based authentication provided an intuitive, touchless solution.
By automatically unlocking systems when authorized users approached and locking them when they left, the solution eliminated the need for manual password entry and reduced login times by up to 75%, significantly improving efficiency.
Solution 2: Enhancing Security with Real-Time Access Monitoring
With real-time access monitoring, Stonebridge Capital gained greater visibility into authentication events.
The solution provided audit trails and security insights, ensuring compliance with regulatory requirements.
The firm saw a 60% reduction in unauthorized access attempts after implementing Everykey’s solution.
Solution 3: Reducing Password-Related Helpdesk Tickets
Prior to implementation, employees submitted an average of four password-related helpdesk tickets per week.
After deploying Everykey’s solution, this number was reduced to just two tickets per user per month, significantly lowering IT support costs and increasing productivity.
Overall, the firm reduced IT helpdesk costs by 50%.
Conclusion
By adopting Everykey’s proximity-based authentication, Stonebridge Capital successfully enhanced security while streamlining operations, resulting in:
75% reduction in login times
60% reduction in unauthorized attempts
50% decrease in IT helpdesk cost
Employees benefited from a frictionless login experience, while the organization maintained robust security controls without compromising efficiency.
About Us
Everykey is on a mission to make cybersecurity easy and convenient.
Everykey delivers a proximity-based, frictionless, and touchless secure access platform. Offering passwordless authorization and multi-factor authentication, it seamlessly integrates with identity platforms to make secure access effortless. Everykey empowers IT leaders to adopt secure and employee-friendly zero-trust strategies.
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