The client: Confiar Coop

The financial sector is one of the most affected by cyber-attacks due to the impact that the disruption of its services can have, and therefore, the complexity of attacks targeted at this sector is increasing, far from the times when it was possible to stop a cyber-attack simply with an antivirus.

Confiar is one of the most important financial cooperatives in Colombia, with more than 50 years of history, 60 offices in the country and more than 18% growth in the last year, has been continuously improving its security strength to protect its clients’ data against the increasing cyber threats in the country.

Challenges

The cooperative started with traditional security tools such as firewall, antivirus and email protection, but to face new fast-moving threats such as ransomware it needed a solution capable of detecting even 0-day threats never seen before, in record time, a goal that traditional tools fail to meet as they are based on rules, signatures and threat intelligence.

Confiar needed to incorporate a cybersecurity layer of artificial intelligence to its security scheme capable of protecting modern digital infrastructure, especially in this time of transition to hybrid workforce from social engineering attacks, hidden malware, unauthorized data transfers and other dynamic cyber threats.

Implemented measures

By implementing Darktrace in the company, the following measures are achieved:

Cyber AI Analyst automates investigations to support the cybersecurity team at every stage, providing critical details in an agile way. It combines human talent with the speed of AI to investigate incidents up to 9 times faster than a human.

Constant defense with proactive threat monitoring: This service sends alerts, directly from a SOC analyst, to Confiar’s designated contacts when incidents are detected that are indicative of a serious emerging attack.