Case Studies Binary Defense Counterintelligence helps financial institution thwart cyber attack

Edit This Case Study Record

	Binary Defense Counterintelligence helps financial institution thwart cyber attack

Binary Defense Counterintelligence helps financial institution thwart cyber attack

Technology Category	Cybersecurity & Privacy - Endpoint Security Cybersecurity & Privacy - Network Security Cybersecurity & Privacy - Security Compliance
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation Quality Assurance
Use Cases	Intrusion Detection Systems Perimeter Security & Access Control Remote Asset Management
Services	Cybersecurity Services System Integration Training
Challenge	Financial institutions are frequently targeted by hacking organizations or individuals. The existing solution at the bank was not providing 24-hour monitoring, and there was a need to expand the team’s current skillset with counterintelligence expertise. The bank faced constant threats due to its location in New York City and the number of branch offices it had. The Cybersecurity Manager and his team were using a Network Operations Sensor to monitor their assets, but they couldn’t do 24-hour monitoring. They needed a solution to help look for patterns and take action on them. Read More
About Customer	The customer is a long-established New York City-based savings bank with over 250 branches and 5000 employees. The bank has a Cybersecurity Manager responsible for all aspects of cybersecurity across the company, including vulnerability review, incident response, risk management, penetration testing, and policy creation. The financial industry is highly targeted for cyberattacks, with banks facing 2000 attacks every minute. The industry is also highly regulated to ensure the security of crucial customer data, necessitating strong cybersecurity programs to safeguard data and stay compliant with regulations. Read More
Solution	The bank selected Binary Defense’s Security Operations Center (SOC) to monitor their Security Information and Event Management (SIEM) and also purchased the Counterintelligence (CI) solution. Binary Defense CI provides proactive monitoring of the darknet, Clearnet, and social media for threats against a company’s people, data, and brand. The Binary Defense CI team consists of experts formerly employed in security in the military, government, and private sector. The CI team proactively searches 24/7 for threats and alerts the Cybersecurity Manager and his team when they see any suspicious activity. This proactive approach allowed the bank to take advanced precautions and mitigate potential threats. Read More Log in to view content
Contents

Technology Category

Cybersecurity & Privacy - Endpoint Security

Cybersecurity & Privacy - Network Security

Cybersecurity & Privacy - Security Compliance

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Quality Assurance

Use Cases

Intrusion Detection Systems

Perimeter Security & Access Control

Remote Asset Management

Services

Cybersecurity Services

System Integration

Training

Challenge

Financial institutions are frequently targeted by hacking organizations or individuals. The existing solution at the bank was not providing 24-hour monitoring, and there was a need to expand the team’s current skillset with counterintelligence expertise. The bank faced constant threats due to its location in New York City and the number of branch offices it had. The Cybersecurity Manager and his team were using a Network Operations Sensor to monitor their assets, but they couldn’t do 24-hour monitoring. They needed a solution to help look for patterns and take action on them.

About Customer

The customer is a long-established New York City-based savings bank with over 250 branches and 5000 employees. The bank has a Cybersecurity Manager responsible for all aspects of cybersecurity across the company, including vulnerability review, incident response, risk management, penetration testing, and policy creation. The financial industry is highly targeted for cyberattacks, with banks facing 2000 attacks every minute. The industry is also highly regulated to ensure the security of crucial customer data, necessitating strong cybersecurity programs to safeguard data and stay compliant with regulations.

Solution

The bank selected Binary Defense’s Security Operations Center (SOC) to monitor their Security Information and Event Management (SIEM) and also purchased the Counterintelligence (CI) solution. Binary Defense CI provides proactive monitoring of the darknet, Clearnet, and social media for threats against a company’s people, data, and brand. The Binary Defense CI team consists of experts formerly employed in security in the military, government, and private sector. The CI team proactively searches 24/7 for threats and alerts the Cybersecurity Manager and his team when they see any suspicious activity. This proactive approach allowed the bank to take advanced precautions and mitigate potential threats.

Impact #1	The Binary Defense CI team detected an impending DDoS attack, allowing the bank to take advanced precautions and avoid disruption of service.
Impact #2	The bank’s cybersecurity team was able to notify service providers and internet scrubbing services to keep an eye on potential threats.
Impact #3	The bank has never suffered a major breach, largely due to the Binary Defense CI team and 24/7 SIEM monitoring.

Impact #1

The Binary Defense CI team detected an impending DDoS attack, allowing the bank to take advanced precautions and avoid disruption of service.

Impact #2

The bank’s cybersecurity team was able to notify service providers and internet scrubbing services to keep an eye on potential threats.

Impact #3

The bank has never suffered a major breach, largely due to the Binary Defense CI team and 24/7 SIEM monitoring.

Benefit #1	The bank faced 2000 cyberattacks every minute, highlighting the critical need for robust cybersecurity measures.

Benefit #1

The bank faced 2000 cyberattacks every minute, highlighting the critical need for robust cybersecurity measures.

Download PDF Version

Overview

Binary Defense Counterintelligence helps financial institution thwart cyber attack

Operational Impact

Quantitative Benefit