Devo Technology, formerly Logtrust, has announced that CaixaBank, a leader in retail banking in Spain, is using the Devo Data Operations Platform to secure its digital transformation efforts. By expanding the scope of its data collection and analysis beyond traditional security devices and into business applications and operations, Devo is empowering CaixaBank to rapidly identify and respond to security threats across its entire digital business, reduce risk and confidently launch new services while protecting the business and its customers.
In order to secure its digital transformation, CaixaBank needed to see the full picture of its security landscape, which required the bank to collect and analyse increasing volumes of data from a variety of sources, including in-house applications, business processes and non-traditional devices. With Devo, CaixaBank is able to ingest, store and perform real-time and historical analysis of its machine data, giving it a comprehensive view of its entire security posture. Armed with this visibility, CaixaBank is able to rapidly launch new business services while quantifying and mitigating associated security and fraud risk.
The Devo Data Operations Platform streamlines data ingestion and analysis for CaixaBank, driving more intelligent and actionable insights that improve both security and customer experience. Devo enables CaixaBank to:
- Keep up with expanding data volumes from new and existing data sources
- Perform advanced analytics on streaming and historical data directly in Devo
- Significantly accelerate forensic analysis and incident response
- Enrich the entire CaixaBank security stack with real-time security analytics
- Extend and enhance the effectiveness of its SIEM and security operations
- Maintain a single security data repository in its native format, ready for analysis at any time
“Digital transformation provides a massive opportunity for companies to accelerate business, get closer to their customers and become more competitive, but it also exposes a new attack surface,” said Pedro Castillo, Founder and CTO, Devo. “The data is there ready to be leveraged, but existing security solutions cannot collect and analyse these new data sets, or the volumes of data needed to address this new attack surface. With Devo, CaixaBank now has the data and analytics foundation it needs to empower its security initiatives for digital transformation.”