Managing different patch vulnerabilities can tax lean IT departments, especially at credit unions. The launch of Boston-based Cygilant’s new security as a service SOCVue Vulnerability and Patch Management aims to help.
The traditional processes of managing disparate vulnerability and patch management solutions is time consuming, prone to error, and costly. Due to limited IT budgets, it is common for community financial institutions such as credit unions to have small IT teams challenged to guard critical assets from cyberattacks and comply with FFIEC requirements.
Cygilant said its subscription service unifies vulnerability and patch management into a single offering, which automates the process of detection, prioritization, and patching of vulnerabilities with an auditable change management workflow to continually reduce the attack surface and improve protection against cyberattacks in a cost-effective manner.
Cybercriminals rely on broken processes to exploit system vulnerabilities, unpatched systems and applications.
An Online Trust Alliance report recommended regular patching and special attention to vulnerability as a best practice. OTA suggested neglecting both can lead to breaches, noting that both should receive special attention in light of the Equifax breach, which exposed sensitive information of some 145.5 million Americans. In 2018 OTA expects patches to play an even more integral role due to the recently discovered Meltdown and Spectre chip flaws where almost all computer chip manufactured discovered fundamental security flaws.
“SOCVue VPM is a disruptive vulnerability and patch management solution that saves customers significant resources and time while increasing their security posture,” Vijay Basani, Chairman and CEO, Cygilant, said. “With our global SOC security analysts working as an extension of customers’ IT teams, we become a force multiplier in continuous detection, prioritization, and patching of vulnerabilities to reduce the attack surface and mitigate risks to protect IP, customer data, and financial assets.”
According to Cygilant, which works with multiple industries including credit unions, SOCVue VPM provides a mechanism to fix vulnerabilities, reduce or prevent possible compromises. eliminate information silos, improve collaboration among cross functional teams and increase accountability while reducing inefficiencies that affect most organizations.
SOCVue VPM identifies vulnerabilities across operating systems, network devices, and applications, and prioritize weaknesses based on business risk and deploys available patches to plug vulnerabilities. The built-in auditable change management process keeps a record of all deployed patches.
