SA-based Arxis uplifts cybersecurity for Credit Union SA

South Australia-based IT security specialist Arxis has delivered what it claims is 'Big Four'-bank level cybersecurity and regulatory compliance capabilities to the institution.

Credit Union SA partnered with Arxis to address increasing cyber risk, rising regulatory requirements and the need to modernise its technology environment following the operational challenges of COVID.

Through Arxis’ expertise in the Fortinet Security Fabric, multiple technologies were consolidated into a single, integrated security platform.

Daniel Kalinovic, Credit Union SA’s executive manager for IT and security, said the organisation was specifically looking for a South Australian-based partner with deep compliance and security expertise.

“Partnering with someone who understood compliance, community and our values really set the tone. That alignment was something we struggled to find with other organisations," he said.

“We have to comply in a very similar way to the Big Four banks. This integrated Fortinet solution from Arxis really demonstrates our commitment to operating at that level. It shows that, as a small South Australian organisation with a strong member base, we are playing with the big boys when it comes to security, governance and compliance.”

Mark Michael, Arxis’ cofounder and chief revenue officer, said Credit Union SA brought a number of challenges, primarily around securing their environment, reducing operational costs and aligning to their regulatory requirements.

“They’re in a bit of a David and Goliath situation with the big banks in terms of customers’ expectations and compliance. They don’t have the same resources, but they still need the same level of enterprise grade visibility and control to meet regulatory compliance and protect their members," he stated.

“By consolidating the vendor portfolio into one integrated platform, we were able to provide Credit Union SA with enterprise grade visibility, control and defence mechanisms, reducing risk, reducing operational costs and ensuring compliance.”

At the end of last year, Arxis expanded into Sydney less than two years after starting operations.