Global technology provider for 700+ financial services clients increases efficiency of personnel and SOC team by 37 - Seceon
                     Global technology provider for 700+ financial services clients increases efficiency of personnel and SOC team 
by 37% - Seceon
 +1 (978)-923-0040  in [email protected]
Global technology provider 
for  700+ nancial services 
clients  increases ef ciency 
of personnel  and SOC team 
by 37%
Article Written by Arun Gandhi, Director of Product Management at Seceon and 
Grigoriy Milis,  Chief Technology Of cer at RFA
As security breaches and attacks continue to lead global headlines, effective 
cybersecurity  protections are the “new normal” for conducting business today. In 
addition to recently  enacted regulations, with more coming in near future, it is 
imperative for managed service  providers (MSPs) to provide best-in-class security 
solutions to customers while differentiating  themselves from the competition.
Traditional solutions are no longer suf cient; tools must evolve to combat the 
increasing  sophistication of cybercriminal techniques and technologies. 
Customized malware exists now  that can evade and bypass many of the 
traditional endpoint security solutions. Traditional  signature- and manual 
calculation-based approaches are simply not suf cient for providing  security with 
the increasing sophistication of cyber threats. Above all, the biggest challenge  
remains integration of these point solutions as they are from different 
manufacturers and not  built to communicate with each other inherently.
In business for nearly thirty years, Richard Fleischman & Associates, also known 
as RFA, is a  trusted technology partner to more than 700 clients globally who 
retain more than $900  billion in total assets under management. Serving as an 
MSP for its nancial sector clients,  RFA used a number of traditional solutions and 
services from large market leaders  successfully, but was always challenged to nd 
a solution that could address threats (i.e.,  detect, contain and eliminate) between 
the perimeter and endpoints to their required level of  sophistication. Multi-
layered approaches recommended by industry experts were rendered  ineffective 
as the solutions were note properly integrated and remained silo’ed. Moreover, 
the  level of protection afforded resulted in dissatisfaction when compared to the 
overhead cost.
RFA formed an R&D group led by their Chief Technology Of  cer Grigoriy Milis to 
solve for  these challenges with a key focus on cloud security, evaluating security 
solutions on a variety  of factors, such as, economics, multi-tenant capability, 
scalability, quality of detection,  automated remediation, rate of false 
positives, and integration with various contextual data  sources. “We have 
built-in security and compliance features for our cloud platform, but we  need 
to ensure we defend our sensitive information as well as our clients,” said 
Millis. A core
Global technology provider for 700+ financial services clients increases efficiency of personnel and SOC team 
by 37% - Seceon
requirement for RFA was a solution that delivered perimeter-to-endpoints-to-
network security  and continuous compliance. Yet, despite evaluating a number of 
point security solutions,  including SIEM and behavioral analysis products, Milis 
could not nd any that could be easily  brought together under one umbrella, nor 
deliver an effective path to pro tability for new and  value added client services.
After six months searching for a comprehensive solution, RFA turned to Seceon for 
its  expansive visibility and ease of integration with existing elements in the RFA 
network  environment. Seceon’s aiMSSP solution, borne out of its innovative Open 
Threat Management  (OTM) Platform, was able to analyze all network traf c, 
utilizing machine learning (ML),
arti cial intelligence (AI) and an anomaly detection algorithm capable of processing 
traf c  behavior and correlate events in network without a need to establish rules. 
According to Millis,  “When we did a side-by-side comparison between Seceon OTM 
and some of the other  solutions from larger providers, Seceon was able to detect 
real-life security threats that the  other platforms did not detect.”
These capabilities allowed RFA to proactively detect threats and, more importantly, 
contain and  eliminate them in real-time. The majority of current security solutions 
provided by major  market leaders can detect, but not immediately remediate, 
making the choice to implement  Seceon an easy one. More speci cally, RFA relies on 
Seceon’s ability to bring together a variety  of seemingly unrelated threat 
indicators to identify potential issues. Seceon’s ease of  integration simpli es 
correlation of logs and events which signi cantly reduces Mean-Time-To-  Identify 
(MTTI) the threats.
Leveraging an intuitive user interface, RFA was easily able to set up its new 
system for RFA  customers, starting data collection in less than one day for 
major use-cases including:
Ability to detect 
reconnaissance  Ability to 
detect data ex ltration
Ability to detect various 
external and internal threats
RFA’s SOC team was able to see meaningful information coming from their 
systems within  the rst week. This resulted in an immediate bene t of considerable 
improvement in their  security posture by detecting what other currently deployed 
solutions might have missed, as  now they had the ability to analyze a 
substantially higher number of sources, events, and data.  Speci cally, RFA was now 
processing over 200 million events per day with an extremely low  rate of false 
positives which increased the ef ciency of their IT and SOC personnel by 37  
percent! The SOC analysts could now look into the real alerts faster and 
considerably reduce  Mean-Time-To-Response (MTTR) for their customers. “Seceon’s 
machine learning capability  has been key to reducing noise and ensuring that 
critical alerts get the attention they require,”  concluded Mark Alayev, Director of 
Service Delivery.
The improvement in security posture, the ease of installation and integration, and 
the ability for  immediate remediation have greatly improved RFA’s competitive 
advantage as an MSP while  allowing them to offer innovative technology to their 
clients at much lower costs than their  competitors.
Challenges:
Traditional solutions and services from large vendors could neither combat the 
increasing  sophistication of cyber threats nor could detect between perimeter 
and endpoints to the  required level
The level of protection afforded by signature- and manual calculation-based 
approaches are  simply not suf cient compared to the overhead costs
Integration is the biggest challenge as point solutions from different 
manufacturers are not  built to communicate with each other inherently
Solution:
Analyzes all network trafc, utilizes ML, AI and anomaly detection algorithm 
capable of  processing trafc behavior and correlates various events in 
network without needing to
Global technology provider for 700+ financial services clients increases efficiency of personnel and SOC team 
by 37% - Seceon
establish rules
Detects reconnaissance, data ex ltration, and various external and internal threats
Provides SIEM functionality and behavioral analysis under one umbrella on a 
single platform  Bene ts:
Increases ef ciency of personnel and SOC team by 37%
Ease of set-up and integration is superior as it brings together variety of 
seemingly unrelated  threat indicators to identify potential issues
Ability to remediate (contain and eliminate) threats in 
real-time  ##
About RFA:
Richard Fleischman & Associates is the trusted technology partner to over 700 
alternative  investment clients globally, with more than $900 Billion in total assets 
under management, for  nearly thirty years. Offering a full range of technology 
solutions with global data center  operations and industry-leading service, RFA 
serves the IT and technology needs across the
 nancial industry. It delivers scalable, reliable and secure enterprise-grade 
technology  infrastructure. RFA is headquartered in New York City with operations 
in New York,  Connecticut, New Jersey, Massachusetts, California, with EMEA 
operations headquartered in  London.
Address - 238 Littleton Road Suite #206 Westford, 
MA 01886
Phone no - +1 (978)-923-0040 
Email Id - [email protected]
Website - https://www.seceon.com/