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ABLV & IBM QRADAR

ABLV & IBM QRADAR

When Aleksejs Kudrjasovs joined the ABLV security team two years ago, one of his goals was to inprove the bank’s security posture by implementing a new security platform, The bank’s existing seccurity monitoring solution was no longer supported by the vendor and could not integrate data from all required systems and applications- leaving staff with potential blind spots. Information security is a top priority for ABLV, says Kudrjasovs, who today is head of Information Security for the bank. “As we looked for a new solution, we needed a platform that would help us to better identify risks and respond more quickly.”

ABLV conducted proof of concept demonstrations with several vendors. IT security specialists, Data Security Solutions (DSS LV), recommended an advanced security platform from IBM. DSS LV has international experience in helping companies defend against cyber criminals and insider fraud. We found that the IBM QRadar platform was the easiest to implement and the most comprehensive of all we tested” says Kudrjasovs. Today, this sophisticated security platform helps the ABLV security team consolidate and analyze data from more sources than was previously possible, providing staff with superior threat detection and a rich view of enterprise activity. We can now look at the data from numerous angles to assess behavior and find anomalies” says Kudrjasovs. And we can configure the system to notify us immediately of specific offenses. Now, we have this extra level of visibility throughout our systems and applications. Reducing the number of security events by a ratio of 1 million:1. For the ABLV security team, the solution has helped reduce the likelihood that events get lost in the noise. It has also decreased the time to investigate problems from hours to minutes (a 99 percent reduction) and simplified compliance reporting. “We achieved a data reduction ratio of 1 million:1″ says Kudrjasovs. And with the platform, we can now drill down into the data when there is an issue, find the source of a problem in minutes, and fine-tune our policies as needed. These capabilities give the ABLV security team greater confidence. In security, we must stay ahead of threats” says Kudrjasovs. With the IBM Security Intelligence Platform, we now have a tool that gives us visibility across our enterprise and helps us find the source of the problem quickly.”