The IIFL Group employs over 30,000 people and caters to more than seven million customers through various financial products and services. It comprises IIFL Finance, IIFL Home Finance, IIFL Securities, Livlong Insurance Brokers, 5Paisa and Livlong 365 Protection & Wellness Services.Before adopting CyberArk, the Group's cybersecurity teams grappled with significant issues related to vulnerable, highly privileged developer endpoints and inefficient compliance processes. The risk of compromised identities due to developers holding standing administrative rights posed threats such as data loss, vulnerability injection and malicious software installation. In addition, cumbersome compliance practices strained resources and risked regulatory compliance, adherence to which is crucial for financial institutions to maintain market share and customer trust.