FIA Tech Enhances Security with Expel’s Managed Detection and Response

FIA Tech, a leading technology provider to the exchange traded derivative industry, faced a significant challenge in 2021. After announcing a $44 million investment by ten leading banks to fund its strategic growth, the company had to deal with increased security requirements. Pat Lefler, the senior vice president of risk and information security, and his team developed a three-pronged approach to increase visibility into its endpoints, network, and cloud services. They set up new endpoint protection with Carbon Black, SIEM and log file aggregation with Sumo Logic, and integrated Palo Alto’s Prisma through Panorama, as well as their cloud security signals from Microsoft and Amazon Web Services (AWS). However, they lacked the resources to monitor the myriad alerts they were receiving. They needed a Security Operations Center (SOC) that would integrate well with FIA Tech’s existing tech and could start monitoring quickly, given the rapid growth of the organization.

FIA Tech is a leading technology provider to the exchange traded derivative industry. It supports 8,000 organizations around the world that are involved in trading futures and other derivatives. Its customers include clearing firms, banks, exchanges, and buy-side institutions. Since its launch in 2007, FIA Tech has worked with the industry to develop and provide key services and technologies which help market participants reduce risk, mitigate operational costs, and meet market and regulatory challenges. In 2021, FIA Tech announced a $44 million investment by ten leading banks to fund its strategic growth, which led to increased security requirements.