Global technology provider for 700+ financial services clients increases efficiency of personnel and SOC team by 37% - Seceon
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Global technology provider for 7 0 0 + nancial services clients increases ef ciency of personnel and SOC team by 3 7 %
Article Written by Arun Gandhi, Director of Product Management at Seceon and Grigoriy Milis, Chief Technology Of cer at RFA As security breaches and attacks continue to lead global headlines, effective cybersecurity protections are the “new normal” for conducting business today. In addition to recently enacted regulations, with more coming in near future, it is imperative for managed service providers (MSPs) to provide best-in-class security solutions to customers while differentiating themselves from the competition. Traditional solutions are no longer suf cient; tools must evolve to combat the increasing sophistication of cybercriminal techniques and technologies. Customized malware exists now that can evade and bypass many of the traditional endpoint security solutions. Traditional signature- and manual calculation-based approaches are simply not suf cient for providing security with the increasing sophistication of cyber threats. Above all, the biggest challenge remains integration of these point solutions as they are from different manufacturers and not built to communicate with each other inherently. In business for nearly thirty years, Richard Fleischman & Associates, also known as RFA, is a trusted technology partner to more than 700 clients globally who retain more than $900 billion in total assets under management. Serving as an MSP for its nancial sector clients, RFA used a number of traditional solutions and services from large market leaders successfully, but was always challenged to nd a solution that could address threats (i.e., detect, contain and eliminate) between the perimeter and endpoints to their required level of sophistication. Multi-layered approaches recommended by industry experts were rendered ineffective as the solutions were note properly integrated and remained silo’ed. Moreover, the level of protection afforded resulted in dissatisfaction when compared to the overhead cost. RFA formed an R&D group led by their Chief Technology Of cer Grigoriy Milis to solve for these challenges with a key focus on cloud security, evaluating security solutions on a variety of factors, such as, economics, multi-tenant capability, scalability, quality of detection, automated remediation, rate of false positives, and integration with various contextual data sources. “We have built-in security and compliance features for our cloud platform, but we need to ensure we defend our sensitive information as well as our clients,” said Millis. A core