The $788 million Capitola, Calif.-based Bay Federal Credit Union selected Boston-based EiQ Network's SOCVue hybrid SaaS security service to strengthen its overall security, network infrastructure transparency, and regulatory compliance requirements.
The cybersecurity workforce deficiency remains a critical vulnerability for many organizations. The SOCVue subscription SaaS service, according to EIQ Networks, combines people, processes, and technology to deliver a cost-effective information security program.
This includes a co-managed security information and event management and log management, continuous vulnerability management, 24x7x365 security monitoring by EiQ SOC security analysts, proactive and continuous critical security controls auditing, incident analysis, notification, remediation guidance, and compliance reporting.
"EiQ has greatly enhanced our overall security posture and has provided substantial network transparency to our IT staff as promised," Tonée Picard, EVP/chief development officer at Bay Federal, said. "Utilizing EiQ'sSOCVue Security Monitoring, we are able to quickly determine the sources of potential attacks and resolve the issues efficiently and effectively."
Bay Federal selected EiQ after a careful vendor selection process for its hybrid SaaS offerings and the ability to meet the credit union's cybersecurity requirements list.
"After six months, we are continuing to refine and put new data into the system. The value of this solution continually impresses the security team at Bay Federal Credit Union. EiQ has proven to be a great and effective tool for managing our network security," Cathy Sewell, technology infrastructure and security manager at the credit union, said.
"EiQ'sSOCVue offering is designed for organizations such as Bay Federal Credit Union that must meet very strict regulatory compliance mandates," Kim Ann King, VP/marketing at EiQ Networks, said.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
