Security lessons from a Mac-only fintech company
Apple remains a highly secure choice for enterprise professionals, but security threats remain and the environment requires sophisticated endpoint management tools, according to Build America Mutual (BAM) CTO David McIntyre.
The Mac only bank
BAM, one of the leading U.S. municipal bond insurers, has insured more than $65 billion since its launch in 2012. It also has the rare distinction of being a fintech firm that is completely based on Macs.
In fact, it has been an Apple-based enterprise since the start.
“The founders all use Macs at home,” McIntyre explained. “We said, ‘Let’s try to build a financial firm that uses Macs.”https://www.computerworld.com/”
When the company launched, it also found that most of its potential employees used Macs, so it made even more sense to standardize around Apple’s platforms. “We thought it would be easier and would let a small team support the employees,” he said.
The challenge his company faced is that it deals with financial transactions valued at billions of dollars for huge clients – and is based in New York, which has legendarily tough cybersecurity regulations.
This means BAM must use the best security protection it can get.
The Apple security environment
The company has learned as it grows – among other lessons, it has found that the security environment for even Apple’s platforms is increasingly complicated.
“Five years ago, security was probably 10% of the jobs” of the company’s system admins, said McIntyre.
“Now probably 50-60% of their time is spent on cybersecurity,” he added, “not just because of cybersecurity regulations, but also because we’ve become a lot more aware of the security environment. It’s a thing that keeps me up at night.”
Despite the size of its business, BAM is a small firm with just two system admins to handle the technical needs of its 100 employees.
Apple has a great reputation for security,…