SavvyMoney protects financial data in the mailbox and beyond

SavvyMoney brings much-needed modernization and personalization to the credit score industry. With access to real-time financial data spanning thousands of banks and credit unions, the importance of data security is critical. Not only does it underpin the trust in their customer relationships, it also ensures ongoing regulatory compliance.

As a forward-thinking company, SavvyMoney chose to partner with Material Security because of our comprehensive approach to securing their cloud office suite. Specifically, we offer enhanced visibility and advanced email & data protection for Google Workspace, delving deeper than the surface of the inbox.

We spoke with Giovanni Sanchez, Systems Engineer at SavvyMoney to learn more about the company’s positive experience working with Material Security, the meaningful outcomes of a successful rollout, and his perspective on striking the right balance between security and productivity.

We met Giovanni at Okta’s annual user conference, Oktane, where he stopped by our booth to learn more about what we do. That chance encounter quickly connected the dots at the right time for Giovanni, who was on a mission to bolster his company’s security measures across Google Workspace.

Seeking a better way to triage email attacks and prevent unwanted data exposure

As email attacks grow more sophisticated and frequent, they present a relentless challenge for Security Operations teams of every kind and size. Wishing to avoid an unending cycle of whack-a-mole, Giovanni sought alternatives to the traditional gateway-based email security vendors he had previously engaged with.

While the company generally excelled at identifying suspicious emails, managing the triage process became increasingly challenging as the volume surged. Solely relying on Google's built-in detections meant that many problematic emails slipped through, and an excessive number of unwarranted alerts were triggered. “When it becomes a more constant, frequent aspect of my day-to-day operations, it becomes more of a heightened concern because I worry about all the potentially dangerous situations within our environment", said Giovanni.

While enhancing detection quality was an integral component, it wasn't the sole requirement. Giovanni's keen insight led him to a solution like Material, understanding that email isn't merely a vector — it's also the primary target. According to the Verizon DBIR 2023, 36% of all data breaches involved email as an asset. When handling sensitive financial data, safeguarding the contents of everyone's mailboxes becomes paramount; these are repositories filled with historical transactions and interactions.

Given this perspective, Giovanni and his team sought a holistic approach to cloud office security — one that effectively prevents unauthorized access to sensitive content, rather than just being another superficial traffic scanner.

Enter Material.

Immediate value realized from a quick and painless rollout  

Conducting a POC with Material was straightforward for Giovanni and his team. The smooth API integration with Google Workspace took mere minutes to set up. However, what truly captivated Giovanni was observing the development of risk insights as more mailboxes were enrolled.

With Material Posture Management, administrators gain enhanced visibility into user behavior and system configurations that would be difficult to find otherwise. Our class of Risk Analytics surfaces actionable insights such as what sensitive data exists in mailboxes, which users have MFA bypasses, which third-party apps are used across the organization, and more.

Saving hours of triage burden every day

Anyone who has worked a day in Security Operations has felt the overwhelming burden of alert fatigue and triage volume across a range of sources and services. Alerts and triage workflows exist for a reason, however, so the aim is to have the highest quality systems in place that catch the right things, and provide clear and direct remediation paths.

With Material Phishing Protection, we pride ourselves in best-in-class detections that don't rely on a single source, rather a multi-pronged approach that includes built-in rules, advanced AI/ML, open source libraries, and more. The result – cases that get created for triage deserve to be triaged, and teams gain a powerful toolkit to inspect the environment quicker and more effectively.

Keeping data safe from account misuse

Advanced detections of incoming messages are pivotal in keeping malicious actors at bay from mailboxes. However, as Giovanni rightfully noted, email security is as much about the data that exists in mailboxes – they’re a vast repository of historical transactions and interactions that are bound to contain sensitive and classified information.

With Material Data Protection, we offer a unique method of protecting data that involves redacting sensitive content within a user's mailbox while adding an additional verification step for user access. If the user is properly authenticated, they can swiftly access the required information. If they aren't, their actions are promptly thwarted, preventing potential damage.

Ensuring unknown apps aren’t lurking in the shadows

An additional challenge for every IT & Security team is getting ahead of Shadow IT. While every company has policies & procedures to procure applications, business users still tend to sign up for 3rd party applications on their own.

With Material Identity Protection, we’re able to detect a class of emails that are directly correlated with application usage – password resets, account activations, and account verifications. This allows us to surface a report to administrators that tells them which users are using which apps, providing the option to add an extra layer of authentication or block the application entirely.

Maintaining a healthy balance between security and productivity and compliance

As Giovanni quickly discovered and appreciates, Material champions a model where security complements productivity rather than competes with it. By incorporating features such as redacting sensitive content with step-up authentication, users can quickly and safely access what they need when they need – without unnecessary hurdles. Unauthorized users, however, find themselves effectively contained. In this manner, the business can ensure interactions and transactions are natural, while security operations teams are comfortable with the flow of sensitive data – the best of both worlds.