Preventing Costly Ransomware Attacks: Saved Thousands of Dollars in Potential Losses with Proactive Security Measures
Overview: The client is a leading financial services
company specializing in providing a wide range
of banking and investment solutions. With a
robust portfolio and operations spanning
various financial products, they sought to
enhance their cybersecurity measures to
protect against increasingly sophisticated
ransomware and phishing threats.
Objective: The main objective of the client was to prevent ransomware attacks and mitigate potential financial losses.
Specifically, they aimed to reduce the risk of significant downtime, avoid tens of thousands of dollars in ransom
payments, and safeguard their revenue and reputation from phishing and malware threats.
Business Challenges
The client faced a critical security challenge when their employees became vulnerable to phishing attacks,
putting sensitive data and business operations at risk. The key challenges were:
Ransomware Threat: Targeted by ransomware delivered via a phishing email, risking potential data breaches
Financial Loss: An attack could have resulted in tens of thousands of dollars in ransom payments and lost revenue
Reputational Risk: Potential breach could harm the company’s reputation, leading to a loss of trust among clients
Lack of Real-Time Protection: Missing Immediate response capabilities to prevent such attacks before they could
execute
The Solution
Digitide implemented its advanced cybersecurity solution, Digitide Guard Cyber, to safeguard the client from
ransomware and phishing threats. The solution leveraged CylancePROTECT® to proactively block the
malicious file before it could be downloaded. By fine-tuning the tool and integrating CylanceOPTICS® for
threat detection, the Security Operations Center (SOC) was able to stop the attack in real time. This approach
ensured comprehensive protection by preventing fileless malware installation and offering continuous
monitoring to address future threats.
Value Delivered
By leveraging Digitide’s cybersecurity solutions, the client successfully mitigated the risk of significant financial losses
and protected its reputation. The proactive measures ensured that potential threats were detected and neutralized
before any damage could be done. As a result, the client experienced enhanced security, reduced downtime, and greater
peace of mind knowing that their systems were continuously monitored by a dedicated SOC team.
75%
Avoided substantial costs related to potential ransom payments and lost revenue
99.9%
Marked improvement in security efficiency, with attacks proactively stopped before execution
90%
Continuous protection from evolving threats ensured minimal disruption to business operations