ATLANTA--(BUSINESS WIRE)--To combat increasingly complex cyber threats and stay ahead of new regulatory requirements, Genesee Regional Bank (GRB) has partnered with DefenseStorm, a solution that fuses together technology and people to provide co-managed cybersecurity operations for financial institutions.
Based in Rochester, New York with $551 million in assets, GRB sought a solution that would help the bank protect its network and customers from evolving cyber threats without hiring additional full-time employees. The bank also had to adhere to regulations enacted by the New York State Department of Financial Services earlier this year, which require institutions to monitor for cyber threats 24/7. With DefenseStorm’s team of security analysts, known as Guardian, GRB’s network is monitored around the clock, ensuring the bank is compliant with new cybersecurity regulations while improving its security posture. Additionally, DefenseStorm conducts weekly vulnerability scans of GRB’s network, helping the bank identify and address threats and further strengthen its cybersecurity strategy.
“One of the reasons we chose to work with DefenseStorm was for the company’s focus on the financial industry and their team’s extensive knowledge of FFIEC cybersecurity guidelines,” said Deanna Moore, VP, IT/Network Manager at GRB. “With DefenseStorm, we have a cost-effective solution that continuously monitors our network and links our policies to real-time alerts, so we are confident that our network is secure and compliant with industry regulations.”
DefenseStorm acts as a cybersecurity control tower, providing a single, unified platform to assess a financial institution’s cybersecurity program. This facilitates the detection of intrusions, investigation of threats and enables institutions to take action to stop attacks and report on cybersecurity to regulators and the board of directors. DefenseStorm is a cloud-based solution and uses machine learning and Big Data technology to scale in real time and adapt to emerging cyber threats. DefenseStorm’s features, along with the monitoring capabilities of its Guardian team, enable financial institutions of all sizes to quickly remediate cybersecurity vulnerabilities and augment their security initiatives.
“Today’s financial institutions are under immense pressure to detect and prevent cyber attacks while maintaining compliance with a growing number of complex regulations,” said Sean Feeney, CEO of DefenseStorm. “GRB has taken a proactive approach by working with DefenseStorm to stay ahead of cybercriminals’ increasingly sophisticated tactics as well as a changing regulatory environment. By trusting our team of experts and the recommendations they provide, the bank has taken significant steps to enhance its security and ultimately, protect its valued customers.”
DefenseStorm is a security data platform that watches everything on your network and matches it to your policies, providing cybersecurity management that is safe, compliant and cost effective. Built from the ground up in the cloud, DefenseStorm unifies detection, investigation, reporting and compliance into a single place to manage cybersecurity data. Formed by bankers and technology experts, DefenseStorm aggregates event data across all cybersecurity tools and links policies to real-time alerts, so that financial institutions can prove to regulators they are both secure and compliant with evolving FFIEC cybersecurity requirements. For more information please visit http://www.DefenseStorm.com.