SEFCU Armed Themselves: Increase in Attacks for Financial Sector
It’s no secret that the financial sector is experiencing a significant increase in cyberattacks, propelling organizations like SEFCU to become more cyber-aware. Adlumin’s experts understand the pain points specific to the financial industry, which helped tailor and advise the perfect security operations mix for SEFCU.
When developing their security operations criteria, Lockhart said, “all [risks] were keeping me up at night. Especially when it comes to ransomware and other cyberattacks.” Adlumin’s Security Operations Platform identifies threats, automatically remediates rules and systems, and provides compliance reporting every credit union needs.
“We have observed a dramatic increase in cyber awareness from our customers, specifically those in the financial sector, that has created the need for a more comprehensive monitoring solution that addresses threats embedded in event-driven data.”
– Frank Bryant, Senior National Account Manager at Wrightcore, a ConvergeOne Company
Closing the Attack Reaction Time Gap
Cybercriminals are known to leave breadcrumbs before an actual attack occurs. Knowing this, SEFCU was looking for a way to regularly review their environment to identify vulnerabilities from lack of software updates, patches, misconfigurations, open ports, and unnecessary services running.
The goal is to identify and patch these vulnerabilities before cybercriminals can access them, which is why they implemented Continuous Vulnerability Management. This cloud-based solution remediates and minimizes the window of opportunity for attackers by assessing and tracking vulnerabilities on all SEFCU’s enterprise assets.
To further their solution, SEFCU now has a dedicated MDR team that gives them visibility beyond its boundaries by providing continuous monitoring, detection, and response 24×7. Adlumin’s Security Operations Platform delivers analysis and recommendations for any (if they arise) confirmed incidents and proactive security actions by providing high-confidence alerts.
For example, SEFCU utilizes User & Entity Behavior Analytics which monitors ‘normal’ activity employees or customers participate in daily. If any abnormal behavior is detected or deviations from the ‘normal’ activity patterns, activity is immediately flagged.