Indian Energy Exchange Transforms Privileged Access with Sectona and Enables Efficient Trading for 6000+ Participants

Securing Privileged Access in a Highly Regulated and High-Volume Trading Environment

IEX is approved and regulated by the Central Electricity Regulatory Commission. With multiple product portfolios under its umbrella, IEX is driven by a commitment to enable efficient trading execution for its increasing participants.

The IT team of IEX had ensured adoption of start-of-the-art systems and technology to establish transparent and efficient energy marketplaces for delivering affordable and reliable energy to consumers. To uphold this mission, IEX needed a modern and secure approach to administrative user access management that would help them establish security best practices.

The team regularly managed custom trading applications and critical network device applications. Exposing these systems to external risk vectors could have caused severe business disruption. Ensuring that administrative credentials were neither exposed nor shared among multiple IT staff members became paramount.

To address these risks and strengthen access governance, IEX decided to implement a Privileged Access Management (PAM) solution.

After identifying key gaps, the team defined three key objectives:

• Flexible framework for integrating with their in-house custom applications for securing access and monitoring user activities.
• Secure vault for providing password-less access to applications and storing credentials in a central encrypted repository.
• Scalable model to extending the access security and monitoring framework to a wide mix of IT assets, including networking devices.