Enhancing Cybersecurity for a Specialist Asset Manager with Redscan's MDR Service

• Cybersecurity & Privacy - Application Security
• Sensors - Level Sensors

• Finance & Insurance
• National Security & Defense

• Quality Assurance

• Cybersecurity
• Tamper Detection

• Cybersecurity Services
• Training

The specialist asset manager, despite having several state-of-the-art security systems and hardware solutions, was struggling to maintain its cybersecurity vigilance. The firm was receiving numerous alerts from its antivirus and perimeter security products, but it was challenging for the IT team to determine the importance of these alerts. The company was aware of the need for a team of cybersecurity experts who could monitor their systems 24/7 and respond appropriately to the alerts. However, setting up such a specialist operation in-house was not a viable option due to the high costs involved. The firm was in need of a solution that could help them filter and understand the information being fed by their security systems, detect malicious activity, and act quickly to protect the business.

The customer is a specialist asset manager based in the UK, investing in private debit, credit, and equity. The firm manages critical client assets worth billions and is concerned about the growing cyber threat and potential impact that a large-scale breach could have on its business. The firm already had several state-of-the-art security systems and hardware solutions focused on the perimeter of its network. However, they were struggling to maintain their cybersecurity vigilance due to the ever-changing threat landscape and the overwhelming number of security alerts they were receiving.

The specialist asset manager subscribed to Redscan's award-winning Managed Detection and Response (MDR) service. Redscan's MDR service functions as an extension of in-house resources, providing skilled security personnel, cutting-edge technology, and global intelligence needed to identify and eliminate threats. Redscan's Cyber Security Operations Centre analysts now monitor the network around-the-clock, helping the business to protect its on-premise and cloud-hosted infrastructure as well as sensitive client data. In addition to this, Redscan also provides cybersecurity consultancy on a range of matters, such as implementation of new policies and procedures. This has given the firm added confidence in their security and increased their speed of implementation.

• The firm has seen a significant increase in internal and customer confidence since subscribing to Redscan's MDR service. The IT Director can now offer a higher level of assurance at board level about their information security. The firm's subscription to Redscan's MDR service also plays an important role in reassuring its customers about information security. The firm appreciates the reports generated by Redscan’s MDR service and integrates this data into its internal IT performance dashboard, helping to demonstrate improvements to the business' cybersecurity posture and educate employees about evolving threats. The firm has also had a very positive experience of working with Redscan and greatly values the service that it receives.

• The firm now has 24/7 monitoring of its network and systems, ensuring constant vigilance against security threats.

• The firm has access to a large team of security experts, providing them with the latest skills, technologies, and knowledge.

• The firm estimates that it would need to employ at least two new members of staff, and more for 24/7 support, if it were to create an internal security operations team. Redscan's MDR service provides a more affordable and convenient solution.