Case Studies > Planters Bank Grows Securely With Arctic Wolf for Security Operations

Planters Bank Grows Securely With Arctic Wolf for Security Operations

Customer Company Size

Mid-size Company

Region

America

Country

United States

Product

Arctic Wolf Managed Detection and Response
Solarwinds Log and Event Manager

Tech Stack

Managed Detection and Response (MDR)
Security Information and Event Management (SIEM)

Implementation Scale

Enterprise-wide Deployment

Impact Metrics

Customer Satisfaction
Digital Expertise
Productivity Improvements

Technology Category

Cybersecurity & Privacy - Security Compliance
Cybersecurity & Privacy - Network Security
Cybersecurity & Privacy - Endpoint Security

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation
Quality Assurance

Use Cases

Cybersecurity
Regulatory Compliance Monitoring
Remote Asset Management

Services

System Integration
Cybersecurity Services

About The Customer

Planters Bank is a full-service community bank with 13 locations in Kentucky and Tennessee. Founded in 1996, the bank has grown to over 175 employees and holds assets totaling more than $1 billion. The bank offers a wide range of consumer and business banking services and is FDIC-insured. Planters Bank's IT team manages a diverse infrastructure that includes workstations, servers, firewalls, ATMs, and network components such as switches, routers, and WiFi access points. The bank employs a layered defense strategy to protect its systems and customer information, while also striving to meet legislative compliance requirements.

The Challenge

Planters Bank faced significant challenges in managing and securing its diverse and distributed network infrastructure. The bank needed to fulfill audit and regulatory compliance requirements, particularly those outlined by the Federal Financial Institution Examination Council (FFIEC) and overseen by the Federal Deposit Insurance Corporation (FDIC). Additionally, the bank's IT team lacked the resources to achieve 24/7 monitoring, which left them vulnerable to potential threats and compliance issues. The existing piecemeal systems were insufficient for comprehensive monitoring, and the bank risked missing dangerous threats due to the lack of visibility and real-time insights.

The Solution

Planters Bank initially considered creating an in-house security operations center (SOC) but found it cost-prohibitive. They then evaluated managed security service providers (MSSPs) but found them lacking in depth of monitoring and threat detection expertise. Eventually, the bank chose Arctic Wolf's Managed Detection and Response (MDR) solution. Arctic Wolf provided comprehensive visibility across the bank's environment and helped improve its cybersecurity maturity as measured by the FFIEC Cybersecurity Assessment Tool. The solution quickly identified malware activity and confirmed that no information was transmitted from compromised systems. Arctic Wolf's Concierge Security® Team provided tailored reports to communicate the bank's security posture to executives and stakeholders.

Operational Impact

Arctic Wolf provided Planters Bank with visibility across its entire environment, enabling the IT team to monitor and secure its diverse infrastructure effectively.
The bank improved its cybersecurity maturity, as demonstrated through the FFIEC Cybersecurity Assessment Tool, which helped identify risks and determine cybersecurity preparedness.
Arctic Wolf's tailored reports allowed the bank to communicate its security posture effectively to executive management and stakeholders, ensuring transparency and accountability.
The implementation of Arctic Wolf's MDR solution enabled the bank to prune its technology stack, turning off less effective tools like Solarwinds Log and Event Manager and open-source tools that did not add significant value.
The bank's IT team benefited from reduced time to access historical data, as Arctic Wolf's Concierge Security Team provided the necessary data without the need to dig through logs.

Quantitative Benefit