The customer is a global payments solutions provider based in New York City, USA and offers buy now, pay later (BNPL) services for customers and merchants. The company was established as a platform for credit card users to arrange installment payments for purchases from retailers. Their white-label plugin allows merchants to nurture and retain their customers, driving loyalty and promoting brand consistency.
This US headquartered customer supports 10+ industries and has partnerships with e-commerce, payment providers, tech providers and ISO/ISVs. The major threats faced by the fintech industry are fraudulent transactions, extortion, denial of service attacks, and credit card fraud. The customer was looking for a single platform to be able to centrally coordinate between multiple security solutions and also have the capability to provide 24/7 continuous threat detection and Security Incident and Event Management (SIEM) across their infrastructure.
The customer’s expectation from the solution was to not only identify the security threats but also respond quickly and take necessary actions to prevent any impact on their business operations as well as reduce cybersecurity costs.
Lastly, they also faced a challenge in establishing in-house Managed Security Service Provider (MSSP) operations in a short time frame, particularly around having resources with the right skill sets and ability to provide round-the-clock coverage.
The customer was already using Coralogix’s Observability solution, and the Snowbit platform leverages Coralogix’s Streama© technology to provide real-time insights and a comprehensive view of their cloud environment’s security and compliance. They initiated a month-long Proof of Concept (POC) for Snowbit to showcase its capabilities after which they decided to choose this solution.
By partnering with Snowbit, this BNPL fintech customer was able to achieve a comprehensive security solution that provided threat detection, incident response, and compliance management across their entire infrastructure. With 24/7 monitoring and incident response services, Snowbit was able to quickly detect and respond to security threats, preventing any impact on their business operations and endpoints. Snowbit’s expertise in regulatory compliance helped the customer remain compliant with regulations such as PCI DSS, CIS, HIPAA, ISO and SOC2. Overall, Snowbit Security provided a robust and reliable security solution that helped them achieve their security objectives within an affordable budget. Snowbit’s unrivaled accuracy allows them to quickly detect and shut down real attacks across all AWS and on-premise monitored services, do rapid incident investigations and zero-friction deployment for new detections and services.