DefenseStorm® named a winner in the 2017 IDC FinTech Rankings Real Results Awards
DefenseStorm honored by IDC for helping Washington Trust Bank manage security initiatives with greater efficiency
ATLANTA, GA (September 12, 2017) — DefenseStorm, a company that delivers cybersecurity and cybercompliance solutions specifically built for banking is a winner of the 2017 IDC FinTech Rankings Real Results Award for Digital Trust and Stewardship.
Now in its 3rd year, the IDC FinTech Rankings Real Results Awards recognizes IT providers that have enabled a genuine, measurable, and future-enabling change at a client financial institution in the worldwide financial services industry. The IDC FinTech Rankings Real Results are published in conjunction with the annual IDC FinTech Rankings, the most comprehensive vendor ranking in the financial services industry based on 2016 calendar year revenues attributed to financial institutions.
DefenseStorm earned recognition for its work helping Washington Trust Bank to maintain and monitor all of its network data in one place, resulting in more proactive cyber threat detection and remediation. With DefenseStorm, Washington Trust has gained greater visibility into all areas of its network and is able to track its cybersecurity policy compliance in real time, which enables the bank to quickly deliver reports to management and regulatory agencies. These reports allow the bank to demonstrate its ability to effectively and efficiently manage a robust information security strategy.
“As a privately-held bank that is dedicated to serving local communities across the Northwest, Washington Trust is committed to doing the right things to continuously earn the trust of clients and the communities they live in. Being committed to excellence in cybersecurity and cybercompliance is a key element of the value Washington Trust delivers,” said Sean Feeney, CEO of DefenseStorm.
“We are proud to work alongside Washington Trust, and our joint recognition as a Real Results Award winner is a testament to the importance of helping financial institutions ensure a high level of security and compliance for their customers,” Feeney added.
“Being an IDC FinTech Rankings Real Results Winner signifies a commitment to driving innovation and measurable change in the financial services industry,” states Karen Massey, senior analyst IDC Financial Insights. “This year’s pool of applicants was especially competitive, so we applaud the Real Results winners and the successful IT client implementations.”
DefenseStorm provides cybersecurity and cybercompliance solutions specifically built for banking. The company delivers the only co-managed, cloud-based and compliance-automated solution of its kind – as both a technology system and as a service supported by experts in financial institution security and compliance. DefenseStorm’s security data platform watches everything on a financial institution’s network and matches it to defined policies for complete and proactive cyber exposure readiness, keeping security teams smart and executives accountable to their customers, communities, regulators and Boards. Built from the ground up in the cloud, DefenseStorm unifies detection, investigation, reporting and compliance into a single place to manage cybersecurity data. The system aggregates event data across all cybersecurity tools and links policies to real-time alerts so that financial institutions can prove to regulators they are both secure and compliant with evolving FFIEC cybersecurity requirements. For more information please visit http://www.DefenseStorm.com.