Financial services are on the front lines of cyber crime. Cytellix® is helping firms of all sizes fight back.

According to the IBM X-Force Cyber Security Report, financial services is the third most targeted industry in the world. As a result, institutions of all sizes are spending billions of dollars on electronic safeguards, while scrambling to stay ahead of criminals who are developing ever more sophisticated means of cyber infiltration.

Background

Forbes reported that Citibank, Wells Fargo, J.P. Morgan and Bank of America alone are spending over $1.5 billion to battle cyber crime. In addition to protecting themselves from hackers, these organizations are bound to a host of industry-specific regulations such as FINRA, FISMA, FFIEC, OCC, and indirect requirements of PCI and HIPAA, all of which demand continuous monitoring to prevent theft and protect critical information and organization-wide processes.

Challenge

If large institutions are spending billions of dollars on resources to fight cyber attacks, how can smaller firms maintain security and regulatory compliance on a smaller budget — with less resources, tools and personnel?

Solving this inequity was the driving force behind the Cytellix Cyber Watch Portal (C-CWP) that is a proactive cybersecurity Governance Risk and Compliance (GRC), threat detection and response solution targeted for small to mid-size financial enterprises.  If you are one of the following, then a our GRC combined with advanced Managed Detection & Response (MDR) capabilities is a complete solution.

• Commercial Banks
• Investment Banks
• Insurance Companies
• Brokerage Firms
• CPA Firms
• Wealth Management Services
• Mutual Funds
• Credit Unions 

Solution

Cytellix® has developed the only solution in the industry that can leverage our risk management service (C-GRC™) as a basis for identify, detect and respond to "known" and “unknown” threats in any environment. Our leading-edge technology continuously monitors network connections, threats, users, machines, behaviors, connections and traffic in real time, serving as the first line of defense in identifying and addressing potential threats, while ensuring continuity through any changes.

We install very rapidly as a SaaS Cybersecurity Platform, our  visibility solution deploys a cloud-based, agent-less sensor that determines and monitors the total state of a network, including individual connected devices.  Our 24x7x365 monitoring and USA-based Security Operations Center are the eyes and ears for our customers.  We have very advanced Artificial Intelligence  (AI) and Machine Learning (ML) models that reduce the Mean Time To Remediation (MTTR) from days and weeks, to minutes and seconds "Near Real-time".

Advantages

By combining our Cytellix® fully integrated GRC, MDR XDR and EDR solution under the single pane of glass technology, Cytellix Cyber Watch Portal (C-CWP™), Cytellix® safeguards the entire company — while measuring cyber compliance, enabling compliance use cases and leveraging the MITRE ATT&CK framework.  We have expertise in maintaining compliance with a range of regulatory requirements, including GDPR, HIPAA, ISO, PCI, NIST and SEC. Other key advantages include:

• Complete, organization-wide view of all security activity in real time
• Insight into abnormal activities and devices on the network
• Stronger security and compliance measurements and workflow
• Streamlined compliance and reporting through automated audit processes
• Real-time correlated threat detection leveraging GRC, threat, vulnerability and end-points

Action

When all of our nation’s financial firms have equally strong cybersecurity, our economy as a whole is made safer and more secure. To explore how we can assist your company, and to schedule an assessment of your current cybersecurity posture, contact us.