CIT Group Inc. (CIT), a leading provider of commercial lending and leasing services, acquired OneWest Bank N.A.,...
...a California based commercial bank with both a wholesale lending business and a large network of branches. The acquisition of OneWest is part of CIT’s long-term business strategy to transform itself into a leading U.S. financial institution. Because OneWest was to become part of CIT’s core banking business, they moved quickly to merge OneWest’s operations into their own. An essential part of the merger was the integration of security policies and systems into a single CIT-wide security posture.
Both CIT and OneWest used a Gartner Magic quadrant data loss prevention solution to protect confidential data, including customer information, but they needed a plan to merge the two systems to allow for a single enforcement point for all of CIT.
