Fast-Growing Financial Services Company Turns to Arctic Wolf’s SOC-as-a-Service to Reduce Alert Fatigue and Improved Visibility Across 80 Branch Locations
SUNNYVALE, CA -- May 31, 2018— Arctic Wolf Networks, a leading security operations center (SOC)-as-a-service company, today announced that Advance Financial, a Nashville-based financial services company, has chosen the AWN CyberSOC™ for its cybersecurity needs. Leveraging Arctic Wolf’s continuous security monitoring, Advance Financial can now ensure that they meet compliance and regulatory requirements across multiple jurisdictions with 360-degree visibility into anomalous activities and customized reporting updates.
Advance Financial, which has 80 branch locations throughout Tennessee and online loan services in nine other states, holds and processes a plethora of customers’ sensitive data on-premises and in the cloud, including personally identifiable information (PII), employment data, and bank account information, driving the need for an enhanced and centralized continuous monitoring service. Additionally, the small internal IT team lacked the necessary expertise to triage and prioritize the more than 400 million security alerts they were receiving per month across their portfolio of endpoint security products.
To address these challenges, Advance Financial concluded that the AWN CyberSOC is the best solution to provide centralized visibility for alerts and secure sensitive financial data across multiple point security products, servers, endpoints and mobile devices. The simple-to-deploy solution includes access to a Concierge Security Engineer, continuous monitoring, customized reporting, and costs three times less than building a SOC internally.
“Arctic Wolf’s security experts monitor our network 24x7x365 and flag security incidents and remediation recommendations that are actionable, allowing our IT team to focus more energy around deployments and refining tools,” said Patrick Swint, Advance Financial IT Director. “On top of the tremendous cost benefits of AWN CyberSOC, Arctic Wolf has provided better visibility and compliance across all of our branches.”
In addition to the cost savings, the AWN CyberSOC has enabled the IT team to adopt the SANS Center for Internet Security Controls, providing Advance Financial with critical security oversight of admin login attempts, cleartext password usage, and remote command auditing on perimeter firewalls.
“We know financial services companies risk being on the hot seat if they’re unable to fully secure sensitive financial data as it migrates across network infrastructures, servers and devices,” said Brian NeSmith, CEO and Co-Founder of Arctic Wolf Networks. “We’re proud to streamline
Advance Financial’s regulation reporting by providing world-class advanced threat detection and response. Now, they can focus on what they do best with the peace of mind that customer data is safe.” Advance Financial, which was recently named an Inc. 5000 fastest-growing private American company for the fifth year in a row, now customizes weekly and monthly updates using executive dashboards to meet financial regulations, such as PCI-DSS and GLBA, across 10 states.
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About Arctic Wolf
Arctic Wolf Networks provides SOC-as-a-service that is redefining the economics of security. AWN CyberSOC™ is anchored by Concierge Security Engineers and includes 24×7 monitoring, custom alerting and incident investigation and response. There is no hardware or software to purchase, and the end-to-end service includes a proprietary cloud-based SIEM, threat intelligence subscriptions and all the expertise and tools required. For more information about Arctic Wolf CyberSOC™, visit arcticwolf.com.
About Advance Financial
Advance Financial is a leading provider of convenient, consumer-oriented financial services, including check cashing, bill payment, money transfers, short term loans and money orders. The financial center, founded in 1996, is family owned and operated in Nashville, Tenn. Advance Financial operates more than 50 locations open 24 hours a day, seven days a week throughout Tennessee and employs more than 550 in-market representatives. The company recently earned an A+ rating from the Better Business Bureau and was named a Top Work Place by The Tennessean. For additional information, visit www.af247.com.
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