Defensestorm FI CyberFraud

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Additional Info

Company (that provides the nominated product / solution / service)DefenseStorm
Company size (employees)100 to 499
Type of solutionSoftware

In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:

• No other solution has provided specific monitoring capabilities related to data and application protection, coupled with the ability to correlate events across data, applications and server/network/workstation events.
• System operates with a goal to correlate data across all data systems of a financial institution to search for potential internal and external fraud
• Co-managed approach enables financial institutions to perform as much or as little fraud monitoring as they choose

Brief Overview

Historically, DefenseStorm has been focused on monitoring cyber risks associated within the network/server/workstation environment of community and regional banks and credit unions. Now, DefenseStorm FI CyberFraud is expanding that focus to identify specific fraud risks around banking applications, monitoring for internal and external fraud activities within computer systems. Now, DefenseStorm FI Cyberfraud has expanded to identify fraud risks around banking applications.

DefenseStorm FI CyberFraud monitors four categories of information including electronic delivery systems, application data bases, core/ancillary systems and general ledger/accounts. This solution operates with the same co-managed approach as the company’s other cybersecurity services where specialists provide guidance in managing alerting and assist with investigations with the internal IT team.