onShore has worked with this suburban Chicago bank for the last three years. In that time, there haven’t been any network breaches and the bank now has one managed security services provider they can count on. Banking regulators are happy, the C-suite and board are happy and onShore has brought “calmness to a turbulent environment.”
“It’s nice to have someone overlooking everything. We didn’t have visibility over our entire network before onShore. We have a lot more peace of mind and can sleep better at night with onShore.”
– The bank’s CFO
Too Many Cooks in the Kitchen
Before working with onShore to handle all of their network security, the bank used numerous outside firms to provide cybersecurity, which was not working well.
Having worked with onShore previously at another Midwestern bank with over $3 billion in assets, the bank’s CFO brought onShore in to provide our Cybersecurity Leadership Consulting, focused on addressing major upgrades and network changes.
- Develop a scheduled monthly meeting
- Establish a preferred communications dynamic
- Participation in the bank’s IT steering committee
- Review and discussion of security related projects
- Ongoing discussion and recommendations for security and architecture.
- Start discussion for development of risk management practices and security policies.
We were selected so that cybersecurity could be incorporated into their planning. onShore Security was then selected to provide security orchestration – i.e. our “SOC-as-a-Service.”
- Security Orchestration
- Managed Firewall
- Managed Detection & Response (MDR)
- Periodic Vulnerability Scanning
The onShore Effect
onShore conducts monthly meetings to keep bank officials aware of activity across their network and to provide updates on security activity and threats throughout the industry. It’s a process that has kept the bank incident free and bank officials feeling well-protected.
When the hacking of a bank vendor produced a contaminated email, onShore’s vigilance prevented it from getting through.
“onShore blocked the source and was very good about questioning [us] when they wanted to have that site re-opened,” said the bank’s IT director. “onShore is good about preventing activity and potential changes that do not comply with our cybersecurity policies. And when we need something on short notice, there’s always someone available at onShore to turn to.”
The bank’s network and security director agrees: “I really like how onShore set up our cybersecurity architecture – with redundancies and sniffing points in the right places,” he said. “onShore is also very collaborative. They are willing to talk about any issue. Our monthly meetings are run well and include good, open communication.”
Keeping Regulators Happy
While effective cybersecurity is something banking regulators require, onShore’s efforts go beyond compliance, the IT director says. “Having onShore is like having a cybersecurity insurance policy.”
Keeping the C-Suite & Board Happy
The CFO is also a fan. “onShore brings calmness to a turbulent environment,” he said. “We really trust onShore and know we can turn to them, anytime. They have our back. That is really all you can ask for in a cybersecurity partner. We like having onShore monitoring everything on a 24/7 basis, and being able to quickly identify anomalous behavior.” onShore, he said, “ brings the right balance of necessity, risk, cost, and efficiency.”