ARLINGTON, Va.--(BUSINESS WIRE)--BluVector, a leader in AI-driven network security technology, today announced that IBC Bank (IBC), the flagship bank of International Bancshares Corporation and one of Texas’ largest holding companies, reported that its decision to use BluVector Cortex to improve its cybersecurity detection and response capabilities for advanced targeted attacks had already resulted in a significant success. Installed and operational within hours, IBC Bank reported that BluVector Cortex provided immediate return in its first week of operation by detecting targeted attacks designed to circumvent traditional malware detection methods.
“I was impressed with how effective BluVector’s Machine Learning Engine for malware detection was in this case,” said John Byers, Senior Vice President and CISO at IBC Bank. “BluVector’s platform was the first and only vendor in our infrastructure to detect this event and, more importantly, deliver the surrounding context we needed to respond in a real-time manner.”
In March 2018, IBM’s X-Force Cyber Security Intelligence Index identified the financial services sector as the most targeted industry globally for the second year in a row. In an effort to combat advanced threats and targeted attacks, IBC turned to BluVector Cortex to deliver fast and accurate malware detection that didn’t rely upon rules or signatures. As a result of their investment, IBC was also able to bolster its visibility into North-South and East-West traffic and gain additional context surrounding the source and intended destination of threats.
“Security solutions generate too many alerts, leaving security pros swimming in threat intel and begging for automation,” said Byers. “Protecting our customers’ personal information is of the utmost importance, and in order to do that we deploy the best available solutions managed by our security experts. BluVector’s approach to detection and response with machine learning gave my team the confidence to respond to an alert because it poses a real threat.”
“In today’s environment, it is hard to keep up with emerging threats in a way that provides significant efficiencies to the security professionals on the front line,” said Kris Lovejoy, CEO, BluVector. “Forward-thinking CISOs like Mr. Byers have turned to technology and automation to help make security analysts as effective and efficient as possible.”
BluVector Cortex leverages supervised machine learning that delivers highly accurate detection rates of advanced threats in milliseconds. Automation aggregates threat and network data that incident response teams use as context for decision making, shortening the response window from months or days to hours or minutes. Part of a broad security ecosystem, BluVector easily integrates with enterprise-grade cybersecurity infrastructure to bring together a best-of-breed approach to advanced threat detection.
About IBC Bank
IBC Bank was founded in 1966 to meet the needs of small businesses in Laredo, Texas. Today, it serves as the flagship bank of International Bancshares Corporation. Since its opening, IBC has grown from less than $1 million in assets to more than $11.9 billion, making it one of Texas’ largest holding companies. IBC now serves 88 communities throughout Texas and Oklahoma with 204 branches and more than 309 ATMs providing full service banking seven days a week. IBC Bank has made banking convenient for its customers by offering late and weekend hours at many of its locations. It also offers a number of retail branches inside shopping malls and supermarkets such as Walmart. More information is available at www.ibc.com.
BluVector is revolutionizing network security with state-of-the-art AI, sensing and responding to the world's most sophisticated threats in real time. With the unmatched advantage of eight years of work with the US Intel Community and their threat data, only BluVector has the proven ability to protect against emerging threats on average 13 months in advance. Stop waiting for breaches to happen. Get ahead of the threat. Visit www.bluvector.io.