SOURCE: TopSpin Security

TopSpin Security

June 01, 2016 09:00 ET

First Midwest Bancorp, Inc. Deploys TopSpin Security to Meet Growing Cybersecurity Needs

TopSpin Security's DECOYnet Increases Security Posture Without Putting Extra Load on Administrators

HERZLIYA, ISRAEL--(Marketwired - Jun 1, 2016) - TopSpin Security, Inc., a provider of intelligent malware deception and detection solutions, today announced that First Midwest Bancorp, Inc. ("First Midwest"), one of the largest independent bank holding companies based in the United States Midwest, selected DECOYnet to meet its need for proactive security protection.

First Midwest is a growing organization in a highly regulated industry, and when it comes to creating a cybersecurity architecture, it faces a high level of complexity as it continues to add new lines of business and incorporate third-party applications. To meet its growing needs, First Midwest implemented TopSpin Security's DECOYnet to obtain real-time security visibility and meet compliance requirements, such as those put forth by the Gramm-Leach-Bliley Act (GLBA) and Federal Financial Institutions Examination Council (FFIEC).

"The Bank selected DECOYnet because it provided the capabilities we needed, without having to add additional team members," said Weston Nicolls, SVP, Information Security Manager, First Midwest. "We especially appreciate the level of visibility we receive and the solution's ability to provide alerts that are easy to take action on. DECOYnet enables us to protect the critical assets of First Midwest without impacting the high level of service our clients expect."

DECOYnet is a defense strategy solution comprised of a network of decoys that lure attackers looking to steal valuable information. Once an attacker has been discovered, DECOYnet provides a complete forensic trail of the attacker's movements and deceives, confuses and defeats the attack in progress. It also observes activity in a network, analyzes communication between assets and remote locations and correlates the collected intelligence into accurate, actionable alerts. Immediately after deployment within First Midwest's network, DECOYnet began to map data activity throughout the bank's communication channels, endpoints and applications. It quickly identified complex behavioral patterns throughout the network, as well as potential blind spots.

"Given no security system can stop all attackers from entering a network, it is critical that proactive detection is a part of every organization's security architecture," said Doron Kolton, CEO of TopSpin Security. "It's fitting that First Midwest focuses on providing its customers financial 'momentum,' as its selection of DECOYnet demonstrates TopSpin Security's momentum towards increasing its footprint in the financial industry, as well as the United States."

About First Midwest
First Midwest Bank, the wholly-owned subsidiary of First Midwest Bancorp, Inc. (NASDAQ: FMBI), is a relationship-focused financial institution and one of the largest independent bank holding companies based in the Midwest. First Midwest Bank and its affiliates provide a full range of commercial, retail, wealth management, trust and private banking products and services through over 110 locations in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa.

About TopSpin Security
TopSpin Security is a leader in offensive deception technology which allows organizations to quickly and accurately detect breaches, engage attackers and neutralize advanced cyber-attacks. Our technology is based on a network of decoys that lure attackers by mimicking valuable network assets. Once engaged, the decoy interacts with the attacker, deceiving it and slowing its advance, while providing accurate, actionable alerts and forensics trail. TopSpin's DECOYnet is already deployed by leading Global2000 companies. Learn more at https://www.topspinsec.com.

Contact Information

  • Media Contacts:

    TopSpin Security
    Yoel Knoll
    1-708-310-4025
    Email Contact

    LEWIS for TopSpin
    Emily Bloom
    1-202-507-4721
    Email Contact