Armor’s Secure Cloud and Active Defense Protects Financial Loan Data

June 15, 2016

Akouba names company to secure end-to-end loan solutions.

RICHARDSON, TEXAS – June 15, 2016 – Financial institutions and third-party companies that make their operations possible are under constant attack from cyber criminals. Following a string of recent cyber attacks against financial organizations globally, the U.S. Securities and Exchange Commission declared in May 2016 that cybersecurity is the biggest risk facing the financial system. To address these mounting threats, Akouba, a Chicago-based provider of end-to-end loan solutions for financial institutions, has selected Armor, the leader in active cyber defense, to host, manage and defend its mission-critical assets.

As a company that serves credit unions, banks and other financial institutions, Akouba’s underwriting platform stores sensitive banking and personal information that requires constant monitoring and assessment. Before launching their business, Akouba analyzed multiple hosting partners. Akouba selected the Armor Complete virtual private cloud (VPC) because of its ability to deliver multiple cybersecurity layers combined with military-grade levels of managed security and service.

The managed cloud hosting capabilities provided by Armor Complete played a crucial role in Akouba’s early development. The resources Akouba saved by outsourcing its security to seasoned experts enabled the company to reinvest in business operations and encourage organic growth. In addition, the continued support by Armor’s compliance specialists enables Akouba to exceed rigorous security and compliance standards.

Key Highlights:

  • Armor’s 24/7 cybersecurity support and expertise provides an affordable alternative to investing in internal security talent.
  • Helps comply with and exceed complex security standards.
  • Addresses specific needs of PCI DSS driven companies, particularly retail and financial payments organizations that must protect customers’ personal and financial data.

Quotes

Jeff Schilling, CSO | Armor
“Akouba has earned the respect of its customers and partners by putting their privacy and security first. Armor provides Akouba with a secure private cloud managed by security specialists who also understand its complex and stringent financial services certification and compliance objectives. We are proud to supply our security expertise to an organization who is redefining loan management.”

Nick McMillian, Founder and CTO | Akouba
“The Akouba platform stores sensitive banking and personal information, requiring the best in class security and monitoring. We selected Armor after thoroughly assessing multiple top-tier hosting partner candidates. Armor’s comprehensive solution, incredible depth and expertise, and quick reaction to potential threats were all differentiators that made the selection easy.”

About Akouba
Akouba provides an online, end to end commercial loan platform that enables banks, credit unions and other financial institutions to lend money to small businesses simply, efficiently and profitably through an omni channel experience.

About Armor
The leader in active cyber defense, Armor offers customer-centric security outcomes for retail and eCommerce enterprises, healthcare organizations, payment leaders and financial institutions. Armor protects highly sensitive data for the most security-conscious companies in the world. With its proven cybersecurity approach and proprietary cloud infrastructure built specifically for security, compliance and performance, responsible businesses choose Armor to reduce their risk. For more information, visit armor.com or call 1-844-682-2858.

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Media Contact
Lindsey Lockhart
Marketing Communications Manager
469-533-8198