Redscan ThreatDetect™ helps fintech enhance threat visibility

Additional Info

Job title of nominated professional (or team name)Grigoris Tzokatziou, Senior Engineer
Company (where nominated professional or team is working)Redscan
Websitehttp://www.redscan.com
Company size (employees)50 to 99
CountryUnited Kingdom
Headquarters RegionEurope

Overview

ThreatDetect™ is a Managed Detection and Response service that helps organisations to rapidly identify and respond to current and emerging cyber threats. ThreatDetect enables businesses to quickly level-up security capabilities without having to employ and train a large team of experts and make a sizeable capital investment in security controls.

ThreatDetect clients range from FTSE 100 companies to mid-sized organisations and startups. Redscan clients in the financial sector include banks, hedge funds, wealth management firms and fintech companies.

One of Redscan’s clients is a fintech company that helps retail banks with legacy systems to better engage with customers. The company develops a cloud-based platform that assists banks with customer onboarding and loyalty programs.

Accomplishments

• Keen to improve its overall cyber resilience and meet it compliance needs, the company chose Redscan to provide the turnkey capability needed to monitor its critical infrastructure and applications as well as conduct frequent internal and external vulnerability assessments to help identify and address security risks.


•A key factor in its decision to choose ThreatDetect was the service’s ability to comprehensively monitor the business’ cloud infrastructure and applications, hosted in Microsoft Azure and encompassing virtual machines, SQL databases and Office 365. Threat visibility in the cloud can be difficult to achieve but Redscan has been able to overcome such challenges and meet the client’s use cases through the custom integration of event log sources, plus the bespoke tuning of network, and endpoint security technologies included as part of the service. ThreatDetect’s ability to scale with the business and satisfy a range of compliance requirements, in areas such as log retention and monitoring, was also an influencing factor.


• To meet the client’s needs and decrease the time to value, core elements of the service were deployed within less than two weeks. Redscan’s CSOC operates as an extension of the client’s in-house team, monitoring, analysing and triaging security events 24x7, plus supporting incident response with actionable remediation guidance. ThreatDetect provides the cyber security confidence the client needs to be able to focus on developing its platform and growing the business.