Securing Financial Assets
Cybercrime follows a trail of money. The financially motivated hacker aims to breach organizations that not only harbor large sums of cash, but are also home to sensitive data carrying a high price tag on the black market. This makes financial institutions the perfect target. Incentivized by a hefty payout, cybercriminals are increasing attacks that target financial institutions. These attacks can be extremely damaging, or even fatal, to a business. In fact, attacks such as ransomware, have the potential to completely disable operations.
As a financial institution and highly sought-after target, you need to take a proactive approach to cybersecurity. It’s essential that you deploy a security solution that is ready to rapidly mitigate cyberthreats and effectively protect your financial assets.
The LogRhythm NextGen SIEM Platform uniquely delivers effective end-to-end Threat Lifecycle Management (TLM) — from forensic data collection and analysis, to neutralization and full recovery. As a result, your team will see more, detect real threats, thoroughly investigate incidents, and respond faster.
When dealing with consumer financial information and assets, rapid detection and response can mean the difference between threat containment and a damaging breach that leaves your customers vulnerable to theft or extortion.
Your customers need to feel confident that their money is in safe hands and you need to ensure that your business does not come to a screeching halt if a cybercrime occurs.
Your organization faces many challenges in securing your financial assets and satisfying an extensive list of compliance requirements.
LogRhythm helps you satisfy regulations by providing preconfigured compliance automation modules that address many regulatory frameworks. The LogRhythm Labs team delivers and maintains finance-specific compliance automation modules. These modules are free to LogRhythm customers and are a primary reason why leading banks, credit unions, brokerages, and other financial institutions choose LogRhythm to be their trusted security solution.
LogRhythm’s preconfigured compliance modules improve your organization’s security and SOX compliance posture while reducing costs through AI Engine rules and alerts, prebuilt dashboards, and a robust SOX reporting package.
LogRhythm addresses the rules and provisions of GLBA by enabling financial institutions to perform security risk assessments, effectively detect, prevent, and allow timely incident response, and audit and monitor security environments.
LogRhythm’s extensive support for both commercial and custom payment applications enables comprehensive and efficient collection, processing, review, and reporting of all log sources specified in both the PCI and PA data security standards. LogRhythm PCI DSS reporting packages can be customized to give your stakeholders and auditing bodies the specific content they require.
The General Data Protection Regulation (GDPR) is legislation aimed at protecting the personal data of European Union (EU) citizens. The LogRhythm GDPR Compliance Module addresses 16 technology-focused GDPR Articles through pre-built content, including rules, alerts, and reports
LogRhythm’s NIST CSF Compliance Module provides a comprehensive security framework that supports NIST CSF control requirements and improves your organization’s security posture.
The NIST 800-53 compliance module from LogRhythm helps ensure you’re meeting requirements by addressing access control, audit and accountability, incident response, and system and information integrity.
The ISO Standard 27001 is a model for establishing, implementing, operating, monitoring, reviewing, maintaining, and improving an ISMS (Information Security Management System) within the context of an organization’s overall business risks. The LogRhythm ISO 27001 Compliance Module enables your organization to meet or exceed ISO 27001 guidelines.
The LogRhythm NextGen SIEM Platform helps financial organizations comply with the NYDFS Cybersecurity Regulation. Capabilities such as advanced correlation rules, machine learning, and security automation and orchestration help surface events that may lead to a data breach or compliance violation. Additionally, the platform’s rich reporting features help ease the reporting burden of your annual certification requirements.
Hackers are finding new and more sophisticated ways to breach financial institutions and make off significant amounts of money. Your organization needs to meet today’s risks head-on and rapidly detect all threats in your highly sensitive network. A next-generation solution that can offer deep network visibility is essential to your security plan; it is also important that this solution be cost-effective to your organization.
First Financial Gains Visibility into its Entire IT Ecosystem with LogRhythm
After implementing LogRhythm, First Financial cut costs, reduced response times, and gained visibility into its entire ecosystem — all from a single user interface.
Financial institutions are often buried in data. Your solution must grow to fit your needs quickly and easily. We’ve built our log management platform to expand quickly and continue to perform at any scale, while minimizing the impact to your ongoing operations.
Our customer, Shane Addison, Information Security Officer at First Mid-Illinois Bank and Trust, reviewed the LogRhythm NextGen SIEM platform and its ability to scale and manage log data.
Watch the customer review now.
Rapid qualification and response is imperative to protecting your network and financial assets. However, this task may seem daunting when faced with mounting alarms that require attention.
Security automation and orchestration (SAO) accelerates threat qualification, investigation, and remediation with incident response workflow and automated playbooks. SAO enables your team to automate responses to alarms and enables your analysts to focus on the malicious threats at hand.
The integrated SAO capabilities of LogRhythm’s NextGen SIEM Platform enable your team to securely and efficiently collaborate so it can make quick and accurate decisions to effectively protect your customers’ data and prevent the theft of financial assets.
Like any financial services firm, Bremer Bank is required to meet a variety of regulatory compliance requirements. However, Bremer’s information security efforts go far beyond maintaining basic compliance to pass regulatory audits. LogRhythm helped Bremer continuously protect its customers’ assets and take a massive step forward in security maturity.
The LogRhythm NextGen SIEM enabled Bremer to:
