Case Studies Life Insurance Company Strives for Superior Security

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	Life Insurance Company Strives for Superior Security

Life Insurance Company Strives for Superior Security

Technology Category	Cybersecurity & Privacy - Security Compliance Application Infrastructure & Middleware - Data Exchange & Integration Infrastructure as a Service (IaaS) - Cloud Storage Services
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Remote Asset Management
Services	Cybersecurity Services System Integration Cloud Planning, Design & Implementation Services
Challenge	This large US-based financial institution faced significant challenges in managing their security operations. With millions of log events processed daily, investigating notables and remediating critical events without a 24/7 Security Operations Center (SOC) became overwhelming. Additionally, they were hosting significant data in Amazon Web Services (AWS) and needed an additional layer of security to further reduce and mitigate risk. The company had limited resources and required a solution that could manage continuous monitoring and alerting of security events, as well as co-manage their Security Information and Event Management (SIEM) system. Read More
About Customer	In 2020, this large US-based financial institution managed almost $200B in company assets. As one of the most popular life insurance companies, they manage over $1T in life insurance in force, while also having significant sales for retirement solutions and pension risk-transfers. In addition, this company prides itself on charitable contributions, both through millions of dollars in donations and thousands of volunteer hours. With over 150 years in business, this industry leader has a lot to be proud of – and a lot of critical data to protect. Read More
Solution	The client decided to partner with Proficio, a managed detection and response service provider, to enhance their security operations. Proficio provided co-management of the client's Splunk environment, including Splunk ES and UBA, and implemented best practices to ensure security success. For their cloud storage, the client used AWS Cloudtrail and VPC Flow, and Proficio's continuous monitoring and alerting services provided an additional layer of security. Proficio's use case library was applied to deliver more accurate threat detections, giving the management team greater confidence in their security. The partnership allowed the client to expand their internal resources and access experts for both Splunk administration and cloud management. Read More Log in to view content
Contents

Technology Category

Cybersecurity & Privacy - Security Compliance

Application Infrastructure & Middleware - Data Exchange & Integration

Infrastructure as a Service (IaaS) - Cloud Storage Services

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Remote Asset Management

Services

Cybersecurity Services

System Integration

Cloud Planning, Design & Implementation Services

Challenge

This large US-based financial institution faced significant challenges in managing their security operations. With millions of log events processed daily, investigating notables and remediating critical events without a 24/7 Security Operations Center (SOC) became overwhelming. Additionally, they were hosting significant data in Amazon Web Services (AWS) and needed an additional layer of security to further reduce and mitigate risk. The company had limited resources and required a solution that could manage continuous monitoring and alerting of security events, as well as co-manage their Security Information and Event Management (SIEM) system.

About Customer

In 2020, this large US-based financial institution managed almost $200B in company assets. As one of the most popular life insurance companies, they manage over $1T in life insurance in force, while also having significant sales for retirement solutions and pension risk-transfers. In addition, this company prides itself on charitable contributions, both through millions of dollars in donations and thousands of volunteer hours. With over 150 years in business, this industry leader has a lot to be proud of – and a lot of critical data to protect.

Solution

The client decided to partner with Proficio, a managed detection and response service provider, to enhance their security operations. Proficio provided co-management of the client's Splunk environment, including Splunk ES and UBA, and implemented best practices to ensure security success. For their cloud storage, the client used AWS Cloudtrail and VPC Flow, and Proficio's continuous monitoring and alerting services provided an additional layer of security. Proficio's use case library was applied to deliver more accurate threat detections, giving the management team greater confidence in their security. The partnership allowed the client to expand their internal resources and access experts for both Splunk administration and cloud management.

Impact #1	Proficio's ability to co-manage Splunk and provide continuous monitoring for AWS environments allowed the client to create a custom solution that best fit their needs.
Impact #2	Applying Proficio’s use case library resulted in more accurate threat detections, giving the management team greater confidence in their security.
Impact #3	Partnering with Proficio expanded the client's internal resources and provided easy access to experts for both Splunk administration and cloud management.

Impact #1

Proficio's ability to co-manage Splunk and provide continuous monitoring for AWS environments allowed the client to create a custom solution that best fit their needs.

Impact #2

Applying Proficio’s use case library resulted in more accurate threat detections, giving the management team greater confidence in their security.

Impact #3

Partnering with Proficio expanded the client's internal resources and provided easy access to experts for both Splunk administration and cloud management.

Benefit #1	Managed almost $200B in company assets.
Benefit #2	Over $1T in life insurance in force.

Benefit #1

Managed almost $200B in company assets.

Benefit #2

Over $1T in life insurance in force.

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Overview

Life Insurance Company Strives for Superior Security

Operational Impact

Quantitative Benefit