Digital Assets Management
Superior National Bank
Advanced information security, whether with people, products, or technologies, is not something one might associate with an over 130-year-old community bank with 300 plus employees and 11 locations across the Upper Peninsula and Southeast Michigan. But Vander Velde, who is an early adopter of cloud computing and associated technologies, believes staying ahead of the bad guys and even being in front of what is required from a regulatory perspective is an obligation.
Visibility is the Key
The mission: expand Superior National Bank’s existing cybersecurity program to proactively defend against fraud and those intent on stealing customer and financial data. The institutions biggest pain point was the lack of visibility into what was happening on the bank’s network due to the rapid adoption of cloud computing and remote working. Having little understanding of what constituted “normal” activity in this new world, how could the bank’s small IT and cyber team monitor for unusual behavior or potentially malicious activity, let alone detect and neutralize an attack like ransomware?
- Turnkey design and development
- 24/7/365 support
- Integrations with fiat gateways
- Enterprise grade security
- Easy integrations with existing systems
- Multi-chain support
- Up to 99.999% uptime
- Real-time market data
- Less processing fees
- Near real-time transaction settlement
- Rapid time to market
- Reduced total cost of ownership
Requirements
- Cloud native SaaS that offered rapid deployment and time to value
- Correlation and threat detection across network, cloud, Azure, M365 and AD
- Advanced AI to reduce alerts from thousands of events to just a handful
- Out-of-the-box, automated compliance reporting to reduce workload
Achievements
- Deployed into a Fortinet Firewall and Network Environment in under 30 minutes
- Full protection across network, cloud, Azure, M365 and AD systems in less than seven days
- Smart alerts averaged 10 per day in the first week, focusing the team on what is important
- Automated network and cloud control effectiveness reports for FFIEC compliance eliminated 18 hours of manual work monthly
Quote
“Running such advanced network defense technology without having to add any staff is where the rubber meets the road for any CIO. It’s not just efficiency now but efficiency as we grow. As the Bank grows, CyGlass will keep getting better at doing what it needs to do.”
John Vander Velde, CIO
Superior National Bank
Network Defense For Small Teams
CyGlass NDaaS is delivering the network visibility ahead of his expectations, and in a way that is easy and affordable. The physical hardware to monitor the networks of each branch alone would have cost around $220K. CyGlass deployed for less than $40K. CyGlass algorithms learn as operations change and have become more accurate over time.
The Power of SaaS AI
The End of Alert Fatigue
Struggling with hundreds of alerts per day, many related to AD misconfiguration, the team could simply not keep up. CyGlass AI reduced those alerts to an average of 10 per week, risk scored in priority of importance.
Actionable Information that Reduces Risk
24x7 risk monitoring of cloud and network activity including; risk web activity, missed deployed, unsecured or risky port usage, new ports being used and much more.
Multiple Capabilities in a Single Platform
From ransomware defence, to third party risk visibility, to FFIEC compliance reporting, CyGlass delivers on multiple fronts as a force multiplier. We capabilities with CyGlass.
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