Safeguarding critical client assets worth billions
Concerned about the growing cyber threat and potential impact that a large-scale breach could have on its business, Intermediate Capital Group (ICG), a specialist asset manager investing in private debit, credit and equity subscribed to Redscan’s ThreatDetect™ MDR Service.
ICG now has far greater confidence in its information security and, if the worst should happen, can respond quickly and effectively to minimise its business risk.
- An ever-changing threat landscape
- Overwhelmed by security alerts
- Need for 24/7 monitoring
- In-house SOC not viable
ICG already had several state-of-the-art security systems and hardware solutions focused on the perimeter of its network. It also conducted annual penetration tests and employed an external consultancy to perform quarterly information security reviews. However, IT Director Lee Lambard knew that all this still wasn’t enough: ICG had to improve its vigilance.
“New threats appear multiple times a day, so it’s an ever-changing landscape,” he explains. “We needed to be able to watch our systems and assess the risks all the time, so that we could detect malicious activity and act quickly to protect the business.”
At the time, ICG was receiving lots of alerts from its antivirus and perimeter security products, but it wasn’t always easy for the IT team to determine what was important and what wasn’t. “It’s not just about having products that can issue security alerts; you have to be able to filter and understand the information that is being fed to you by these systems,” says Lambard.
“We were hearing a lot of ‘noise’ but couldn’t separate the wheat from the chaff. We realised that we needed a team of cyber-security experts who could monitor our systems 24/7 and act appropriately to the alerts, but setting up this kind of specialist operation in-house was an expensive proposition. It wasn’t really an option for a business of our size.”
- Identifying and eliminating threats
- Round-the-clock monitoring
- Cyber security consultancy
After being introduced to Redscan by one of its partners, ICG subscribed to ThreatDetect, for award-winning Managed Detection and Response.
Functioning as an extension of in-house resources, ThreatDetect includes the skilled security personnel, cutting-edge technology and global intelligence needed to identify and eliminate threats. Experienced Cyber Security Operations Centre analysts from Redscan now monitor ICG’s network around-the-clock, helping the business to protect its on-premise and cloud-hosted infrastructure as well as sensitive client data.
To support ICG’s needs further, Redscan also provides cyber security consultancy on a range of matters, such as implementation of new policies and procedures. “We have received great information and advice from Redscan on product selections and investments,” says Lambard. “This has given us added confidence in our security and increased our speed of implementation.”