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Global technology provider for 700 financial services clients increases efficiency of personnel and SOC team by 37 - Se

As security breaches and attacks continue to lead global headlines, effective cybersecurity protections are the u201cnew normalu201d 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. Call Us: 1 (978)-923-0040

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Global technology provider for 700 financial services clients increases efficiency of personnel and SOC team by 37 - Se

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  1. Globaltechnologyproviderfor 700+financialservices clientsincreases efficiency ofpersonneland SOCteamby 37%-Seceon +1(978)-923-0040 info@seceon.com Globaltechnologyproviderfor 700+nancial services clients increasesefciencyofpersonnel andSOCteamby37% ArticleWrittenby ArunGandhi,DirectorofProductManagementatSeceonandGrigoriyMilis, ChiefTechnologyOfceratRFA Assecuritybreachesandattackscontinuetoleadglobalheadlines,effective cybersecurity protectionsarethe“newnormal”forconductingbusinesstoday.Inadditiontorecently enacted regulations, with more coming in nearfuture, it isimperative for managed service providers(MSPs)toprovide best-in-classsecuritysolutionstocustomerswhile differentiating themselvesfromthecompetition. Traditionalsolutionsarenolongersufcient; toolsmustevolvetocombattheincreasing sophisticationofcybercriminaltechniquesandtechnologies.Customizedmalwareexistsnow thatcanevadeandbypassmanyofthetraditionalendpointsecuritysolutions.Traditional signature- and manual calculation-based approachesare simply not sufcientfor providing securitywiththeincreasingsophisticationofcyberthreats.Above all,the biggestchallenge remainsintegrationofthese pointsolutionsastheyarefromdifferentmanufacturersandnot builttocommunicatewitheachotherinherently. Inbusinessfornearlythirtyyears,RichardFleischman&Associates,alsoknownasRFA,isa trustedtechnologypartnertomorethan700 clientsglobally whoretainmorethan$900 billionintotalassetsundermanagement.ServingasanMSPforitsnancialsectorclients, RFAusedanumberoftraditionalsolutionsandservicesfromlarge marketleaders successfully, butwasalwayschallenged tondasolutionthatcouldaddressthreats(i.e., detect,containandeliminate)betweentheperimeterandendpointstotheirrequiredlevelof sophistication. Multi-layered approachesrecommended by industry experts were rendered ineffectiveasthesolutionswerenoteproperlyintegratedandremainedsilo’ed.Moreover,the levelofprotectionaffordedresultedindissatisfactionwhencompared totheoverheadcost. RFAformed anR&D group led by their ChiefTechnology Of cerGrigoriy Milis to solve for thesechallenges withakeyfocusoncloudsecurity,evaluatingsecuritysolutionsonavariety of factors, such as, economics, multi-tenant capability, scalability, quality of detection, automatedremediation,rateoffalsepositives,andintegrationwithvariouscontextualdata sources.“Wehavebuilt-insecurityandcompliancefeaturesforourcloudplatform,butwe needtoensurewedefendoursensitiveinformationaswellasourclients,”saidMillis.Acore

  2. Globaltechnologyproviderfor 700+financialservices clientsincreases efficiency of personnelandSOC teamby37% -Seceon requirementforRFAwasasolutionthatdeliveredperimeter-to-endpoints-to-networksecurity andcontinuouscompliance.Yet,despite evaluatinganumberofpointsecuritysolutions, includingSIEMandbehavioralanalysisproducts,Miliscould notndanythatcouldbeeasily broughttogetherunderoneumbrella,nordeliveraneffective pathtoprotabilityfornewand value addedclientservices. Aftersixmonthssearchingforacomprehensivesolution,RFAturned toSeceonforits expansivevisibilityandeaseofintegrationwithexistingelementsintheRFAnetwork environment.Seceon’saiMSSPsolution,borne outofitsinnovativeOpenThreatManagement (OTM)Platform,wasabletoanalyzeallnetworktrafc,utilizingmachine learning(ML), articialintelligence (AI)andananomalydetectionalgorithmcapableofprocessingtrafc behaviorandcorrelateeventsinnetworkwithoutaneed toestablishrules.According toMillis, “When we didaside-by-sidecomparisonbetweenSeceonOTMandsomeoftheother solutionsfromlargerproviders,Seceonwasabletodetectreal-lifesecuritythreatsthatthe otherplatformsdid notdetect.” These capabilities allowed RFAto proactively detectthreats and, more importantly, contain and eliminatetheminreal-time.Themajorityofcurrentsecuritysolutionsprovidedbymajor marketleaderscandetect,butnotimmediatelyremediate,making thechoicetoimplement Seceon aneasy one. More specically, RFArelies on Seceon’sability to bring together a variety ofseeminglyunrelatedthreatindicatorstoidentifypotentialissues.Seceon’seaseof integrationsimpliescorrelationoflogsandeventswhichsignicantlyreducesMean-Time-To- Identify(MTTI)the threats. Leveraginganintuitiveuserinterface,RFAwaseasilyabletosetupitsnewsystemforRFA customers,startingdatacollectioninlessthanoneday formajoruse-casesincluding: Abilitytodetectreconnaissance Abilitytodetectdataexltration Abilitytodetectvariousexternalandinternalthreats RFA’sSOCteamwasabletoseemeaningfulinformationcomingfromtheirsystemswithin therstweek.Thisresultedinanimmediatebenetofconsiderableimprovementintheir securityposturebydetectingwhatothercurrentlydeployedsolutionsmighthavemissed,as nowtheyhadtheability toanalyzea substantiallyhighernumberofsources,events,anddata. Specically,RFAwasnowprocessingover200millioneventsperdaywithanextremelylow rate offalsepositiveswhichincreasedtheefciencyoftheirITandSOCpersonnelby37 percent!TheSOCanalystscouldnowlookintotherealalertsfasterandconsiderablyreduce Mean-Time-To-Response (MTTR)for theircustomers. “Seceon’smachine learning capability hasbeenkey toreducingnoiseandensuringthatcriticalalertsgettheattentiontheyrequire,” concludedMarkAlayev,DirectorofServiceDelivery. Theimprovementinsecurityposture,theeaseofinstallationandintegration,andtheabilityfor immediate remediation have greatly improved RFA’scompetitive advantage asanMSP while allowingthemtoofferinnovativetechnologytotheirclientsatmuchlowercoststhantheir competitors. Challenges: Traditionalsolutionsandservicesfromlargevendorscouldneithercombattheincreasing sophisticationofcyberthreatsnorcoulddetectbetweenperimeterandendpointstothe requiredlevel Thelevelofprotectionaffordedbysignature-andmanualcalculation-basedapproachesare simply notsufcientcomparedtotheoverheadcosts Integrationisthe biggestchallengeaspointsolutionsfromdifferentmanufacturersarenot builttocommunicatewitheachotherinherently Solution: Analyzesallnetworktrafc,utilizesML,AIandanomalydetectionalgorithmcapableof processingtrafcbehaviorandcorrelatesvariouseventsinnetworkwithoutneedingto

  3. Globaltechnologyproviderfor 700+financialservices clientsincreases efficiency of personnelandSOC teamby37% -Seceon establishrules Detectsreconnaissance,dataexltration,andvariousexternalandinternalthreats ProvidesSIEMfunctionalityandbehavioralanalysisunderone umbrellaonasingleplatform Benets: Increasesefciency ofpersonnelandSOCteamby37% Easeofset-upandintegrationissuperiorasitbringstogethervariety ofseeminglyunrelated threatindicatorstoidentifypotentialissues Abilitytoremediate(containandeliminate)threatsinreal-time ## AboutRFA: RichardFleischman&Associatesisthetrustedtechnologypartnertoover700alternative investmentclientsglobally,with morethan$900Billionintotalassetsundermanagement,for nearlythirtyyears.Offeringafullrangeoftechnology solutions withglobaldatacenter operationsandindustry-leadingservice,RFAservestheITandtechnologyneedsacrossthe nancialindustry. Itdeliversscalable,reliable andsecureenterprise-grade technology infrastructure.RFAisheadquarteredinNewYorkCitywithoperationsinNewYork, Connecticut,NewJersey,Massachusetts,California,withEMEAoperationsheadquarteredin London. Address - 238 Littleton Road Suite #206 Westford, MA 01886 Phone no - +1 (978)-923-0040 Email Id - sales@seceon.com Website - https://www.seceon.com/

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