Migdal Capital Advances Leading-Edge Security

Migdal Capital Advances Leading-Edge Security
To Detect Bad Behaviors – Case Study

 

Highlights

Company:   Migdal Capital Markets
Industry:   Financial Services
Location:   Israel

 

Key Challenges

  • Needed full visibility to see any potential behavioral anomalies indicative of a targeted attack, rogue insider activity or risky behavior.
  • Must deliver only a small number of highly accurate and actionable alerts.
  • Must not be based on the limitations of statically defined technical artifacts or signatures of known malware.

 

The Need

Security is paramount to Migdal Capital Markets (MCM) and integral to firm’s reputation and trust it has built over the years. Johnny Jonathan, Chief Information Security Officer, Migdal Capital Markets, does not take that achievement lightly. He is constantly considering how to improve and stay ahead of threats and vulnerabilities. Status quo is never acceptable for MCM, and that means security has to be best in class.

While the company has what might be considered extremely restrictive and stringent security practices and policies and tightly locks down its network and computers, it was imperative to add behavioral attack detection to its security to ensure that if an attacker did get beyond all of the preventative measures they would spot it immediately. In addition, the company wanted to detect any internal threats from a potential rogue employee.

“It’s not enough to just have preventative security,” said Jonathan. “You need top have detection as well, because at some point something will slip by all your best preventative efforts. You need to be ready to detect that attacker and stop them immediately.”

 

Why LightCyber Magna

“I consider LightCyber MagnaTM to be the best at behavioral attack detection,” said Jonathan. “This is the next step for information security. It’s critical to know what’s going on—to have complete visibility to what’s happening across the network and on individual endpoints.”

 

Key Results

  • Complete network visibility with awareness of all security events.
  • Fully automated, highly accurate indicators with complete contextual information for personnel efficiency and fast remediation.
  • Ease of installation.

 

Results

Not Signature-Based; Ready for the Unknown:
“The future is not based on IDS and firewalls,” said Jonathan. “Anything that is signature-based or that relies on static definitions of what is known is extremely limited. It can only find what it knows. We should all be worried about what we don’t know instead. With LightCyber I can see everything and understand what is happening.”

Accuracy with Actionability
Unlike legacy security products that produce hundreds or thousands of daily alerts, LightCyber Magna produces only a few indicators per day, all with a high level of accuracy and with a great deal of context to show exactly what is happening and why a particular activity was flagged. Reflects Jonathan, “With LightCyber I see everything—ports, servers, file shares, frequency and prevalence—all in one place. It gives us all we need to understand what’s going on and make a decision. We don’t have to spend a lot of time investigating and can immediately remediate.”

Very Simple
“LightCyber has one of the best user interfaces I’ve ever used,” says Jonathan. “It’s clear and intuitive and doesn’t require much training. You just see things clearly. It’s also easy to install and get operational.”

 

About the Customer
Migdal Capital Markets is the market leader and the most creative financial services firm in Israel. It is wholly owned by the Migdal Group, the largest insurance company in Israel. By combining the advantages inherent with the integration between an insurance company and a leading investment house, the Migdal Group can productively serve its clients in a way that surpasses other firms.

Security is a critical part of the trust that the firm has built with its clients. The company’s commitment to using the most advanced security solutions, employing top security professionals and locking down the infrastructure with firm, conservative policies and practices makes it stand out among its peers.

 

About LightCyber
LightCyber is a leading provider of Active Breach Detection solutions that accurately detect active cyber attacks that have circumvented traditional threat prevention systems. The LightCyber Magna™ platform is the first security product to simultaneously profile both network traffic and endpoint state in order to accurately detect compromised devices early in the attack lifecycle, and to enable security operators to remediate breaches and stop attacks before real damage is done. Founded in 2011 and led by world-class cyber security experts, the company’s products have been successfully deployed by top-tier customers around the world in the financial, legal, telecom, government, media and technology sectors. For more information, please visit www.lightcyber.com or follow us on Twitter, LinkedIn and Facebook.

 

"This is the next step for information security.

With LightCyber I can see everything and understand what is happening.
" – Johnny Jonathan
Chief Information Security Officer,
Midgal Capital Markets