While data breaches are never good news for any business, they can be especially catastrophic in the financial industry. The sheer amount of sensitive personal data that moves through the average banking institution on a normal day creates a seductive target for cybercriminals and a potential nightmare for security administrators.
As a result, finding the right cybersecurity solution that can be tailored to the needs of financial institutions a must.
That’s why Arctic Wolf is committed to helping provide banks and financial services firms with the protection they require. A recent report from cybersecurity consulting firm Coalfire evaluates our adherence to the Federal Financial Institutions Examination Council (FFIEC) guidelines and cybersecurity assessment tool.
Achieving FFIEC Compliance
The report determines that Arctic Wolf “can be effective in providing support for the outlined objectives and requirements of FFIEC InfoSec and subsequent FFIEC assessment.” That essentially means that Arctic Wolf security operations solutions meet the standards expected for most financial industry security needs.
In its report, Coalfire gave the Arctic Wolf platform high marks for a wide range of finance-oriented security functions. Here are a few key highlights from its assessment.
Managed Detection and Response
“The Arctic Wolf Platform provides an MDR solution with broad visibility into the security telemetry,” including the insight and benefits of our Concierge Security® model.
Managed Risk
“Arctic Wolf Managed Risk provides both internal and external vulnerability assessment support through continuous scans of internet-facing assets, helping customers gain insight into their digital footprint to quantify their business risk exposure.”
Managed Cloud Monitoring
“This service also allows customers to detect cloud vulnerabilities and attacks as they occur across multiple cloud platforms [and] also reviews security incidents across cloud services.”
Arctic Wolf Agent
“Arctic Wolf Agent provides endpoint intelligence and enhanced threat detection capabilities” including Sysmon event and Windows event log monitoring, weekly endpoint reporting, and managed containment.
Managed Security Awareness
“The Arctic Wolf MSA feature trains institution teams to recognize and neutralize social engineering attacks and to minimize human error.”
Risk Identification
“The Arctic Wolf Platform can assist in the creation and maintenance of risk identification, supervision, and resourcing at a fractional level.”
Risk Measurement
“The Managed Risk module provides measurements…to measure and categorize threats and vulnerabilities and generates corresponding risk model.”
Risk Mitigation
“The Arctic Wolf Platform acts as a primary means of continuous monitoring and alerting for…technical mitigation controls.”
Risk Monitoring
“The Arctic Wolf Platform uses specific metrics as defined by the institution’s security framework and by recognized sources of authority for InfoSec management.”
Cybersecurity for financial institutions is a never-ending battle, but our security operations solutions prepare you to meet the many challenges you’ll face and defeat bad actors. Download the Coalfire report today to get an in-depth assessment of the many ways Arctic Wolf can help keep your financial institution protected as cyber threats become increasingly sophisticated and pervasive.
