DefenseStorm goes down a cyber storm at NAFCU
A trio of US-based credit union CEOs representing the preferred partners programme for National Association of Federally-Insured Credit Unions (NAFCU) Services has selected DefenseStorm as the preferred partner for its cloud-based cybersecurity platform, reports David Penn at Finovate.
Cybersecurity and compliance
“With approximately 20 million cyber events occurring per day per financial institution, the volume and sophistication of today’s cyber threats are definitely challenging credit unions to maintain and prove ‘Cyber Safety and Soundness,’” DefenseStorm CEO Sean Feeney says.
The combination of cybersecurity and compliance is what helped carry the day for DefenseStorm. The company’s GRID platform is a co-managed, cloud-based, compliance-automated solution that combines technology with human expertise in financial institution security and compliance.
Built from the ground-up as a cloud-based solution, DefenseStorm’s platform provides a real-time service, making both analysis and remediation “faster and more cost-effective”.
GRID features built-in FFIEC CAT and ACET compliance elements, and connects compliance policies to real-time alerts to let FIs prove their compliance and security processes to regulators and examiners.
NAFCU Services fosters relationships between credit unions and industry partners from verticals including payments, risk management, and security.
With offices in Seattle, Washington and Atlanta, Georgia, DefenseStorm was founded in 2015 and has raised nearly $15 million in funding.
In February, DefenseStorm announced a partnership with Florida-based American National Bank ($280 million in assets).
