FXCM Strengthens Data Security by Deploying Check Point Appliances

Check Point Software Technologies Ltd., which develops technologies to communications and transactions over the internet, has announced that FXCM, a provider of foreign exchange trading and related services to retail and institutional customers, has deployed the Check Point 12000 and 4000 series appliances to secure the link between its data centers, headquarters, remote offices and liquidity sources.

Check Point 12000 and 4000 series appliances are based on the Check Point Software Blade Architecture and provide FXCM with a mix of flexibility, high-performance throughput and multi-layered protection in a comprehensive and cost-effective package, the company said.

“Check Point’s security solution enables our entire network stack to operate in a single ecosystem,” said Ryan Leonard, director of production engineering at FXCM. “The management interface gives us a single pane of glass to monitor our security posture across many different tools at once we can’t get that anywhere else.”

The Check Point Software Blade Architecture provides FXCM with integrated security tools to protect the company from a proliferation of ongoing and emerging threats. The software blades are managed from a single, centralized console, and additional protections can be added without the cost of new hardware. This saves FXCM deployment and management time and reduces its hardware expenditures. The Check Point solution also ensures that FXCM meets and exceeds government regulatory compliance standards, such as PCI, SOX and other regulations. FXCM leverages a number of Check Point Software Blades including; Firewall, IPS, IPsec VPN, DLP, and Application Control, the company added.

Leading FX broker, Oanda, had sensitive client data compromised when one of its employees user name and password was hacked, only a small amount of clients were affected however the case highlights how vulnerable the industry is at large. Last year the Hong Kong Stock exchange was victim to a similar incident when hackers took over the entire website.