Case Studies AlienVault USM™ Helps Community Bank Secure its Assets and Pass FDIC Audit

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	AlienVault USM™ Helps Community Bank Secure its Assets and Pass FDIC Audit

AlienVault USM™ Helps Community Bank Secure its Assets and Pass FDIC Audit

Technology Category	Analytics & Modeling - Predictive Analytics Cybersecurity & Privacy - Intrusion Detection Cybersecurity & Privacy - Security Compliance
Applicable Functions	Business Operation Quality Assurance
Use Cases	Intrusion Detection Systems Regulatory Compliance Monitoring
Services	System Integration Training
Challenge	In 2015, the Bank of New Glarus faced an impending Federal Deposit Insurance Corporation (FDIC) compliance audit. With less than four months to prepare, Patrick Collins, the lead IT manager, needed to find and implement an intrusion detection tool that would help the bank pass the audit. Collins considered GFI’s LanGaurd and SolarWinds Log & Event Manager (LEM) but found them lacking in certain features and robustness. The challenge was to find a comprehensive and cost-effective solution that could meet the stringent requirements of the FDIC audit. Read More
About Customer	The Bank of New Glarus, established in 1893, is a community bank located in New Glarus, Wisconsin. It started with $12,000 in capital and has grown to include over 100 employees across six locations. The bank provides personal and commercial banking services to customers in the region, including many from the agricultural industry. With a small IT team of just two people, the bank relies heavily on efficient and effective IT solutions to manage its operations and ensure security. The bank's commitment to maintaining a secure network is evident in its adoption of advanced security management platforms. Read More
Solution	Patrick Collins decided to implement the AlienVault Unified Security Management (USM) platform after evaluating its features and cost-effectiveness compared to other solutions. AlienVault USM offered comprehensive features, including Netflow analysis, which were crucial for passing the FDIC audit. The platform allowed Collins to scan the bank's system for vulnerabilities, act on reports, and track intrusion alerts. The FDIC auditors were impressed by the platform's ability to generate alerts and provide extensive reports, which were crucial for compliance. AlienVault USM also offers hundreds of built-in compliance reports for various regulatory requirements, which are automatically updated as asset and vulnerability data changes. This feature allowed the bank to customize reports based on their compliance priorities easily. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Cybersecurity & Privacy - Intrusion Detection

Cybersecurity & Privacy - Security Compliance

Applicable Functions

Business Operation

Quality Assurance

Use Cases

Intrusion Detection Systems

Regulatory Compliance Monitoring

Services

System Integration

Training

Challenge

In 2015, the Bank of New Glarus faced an impending Federal Deposit Insurance Corporation (FDIC) compliance audit. With less than four months to prepare, Patrick Collins, the lead IT manager, needed to find and implement an intrusion detection tool that would help the bank pass the audit. Collins considered GFI’s LanGaurd and SolarWinds Log & Event Manager (LEM) but found them lacking in certain features and robustness. The challenge was to find a comprehensive and cost-effective solution that could meet the stringent requirements of the FDIC audit.

About Customer

The Bank of New Glarus, established in 1893, is a community bank located in New Glarus, Wisconsin. It started with $12,000 in capital and has grown to include over 100 employees across six locations. The bank provides personal and commercial banking services to customers in the region, including many from the agricultural industry. With a small IT team of just two people, the bank relies heavily on efficient and effective IT solutions to manage its operations and ensure security. The bank's commitment to maintaining a secure network is evident in its adoption of advanced security management platforms.

Solution

Patrick Collins decided to implement the AlienVault Unified Security Management (USM) platform after evaluating its features and cost-effectiveness compared to other solutions. AlienVault USM offered comprehensive features, including Netflow analysis, which were crucial for passing the FDIC audit. The platform allowed Collins to scan the bank's system for vulnerabilities, act on reports, and track intrusion alerts. The FDIC auditors were impressed by the platform's ability to generate alerts and provide extensive reports, which were crucial for compliance. AlienVault USM also offers hundreds of built-in compliance reports for various regulatory requirements, which are automatically updated as asset and vulnerability data changes. This feature allowed the bank to customize reports based on their compliance priorities easily.

Impact #1	AlienVault USM enabled the Bank of New Glarus to pass the FDIC audit successfully, impressing auditors with its comprehensive reporting and alerting capabilities.
Impact #2	The platform allowed for automation of many security tasks, saving significant time for the IT team, particularly in scanning for vulnerabilities and tracking intrusion alerts.
Impact #3	Collins was able to leverage the AlienVault Open Threat Exchange (OTX) and AlienVault Labs threat intelligence to keep the bank's security infrastructure updated with the latest threat data.

Impact #1

AlienVault USM enabled the Bank of New Glarus to pass the FDIC audit successfully, impressing auditors with its comprehensive reporting and alerting capabilities.

Impact #2

The platform allowed for automation of many security tasks, saving significant time for the IT team, particularly in scanning for vulnerabilities and tracking intrusion alerts.

Impact #3

Collins was able to leverage the AlienVault Open Threat Exchange (OTX) and AlienVault Labs threat intelligence to keep the bank's security infrastructure updated with the latest threat data.

Benefit #1	The Bank of New Glarus passed the FDIC compliance audit with flying colors.
Benefit #2	AlienVault USM saved the bank's IT team upwards of 8 hours a week in reviewing logs.
Benefit #3	The platform's cost-effectiveness was highlighted by offering the same functionality as SolarWinds LEM but at a lower price point.

Benefit #1

The Bank of New Glarus passed the FDIC compliance audit with flying colors.

Benefit #2

AlienVault USM saved the bank's IT team upwards of 8 hours a week in reviewing logs.

Benefit #3

The platform's cost-effectiveness was highlighted by offering the same functionality as SolarWinds LEM but at a lower price point.

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Overview

AlienVault USM™ Helps Community Bank Secure its Assets and Pass FDIC Audit

Operational Impact

Quantitative Benefit