European Bank SIEM Enhancement with Devo Platform

This case study details the collaboration between a leading European banking and insurance group and Devo for enhancing their Security Information and Event Management (SIEM) capabilities. The bank faced significant challenges with its existing IBM QRadar solution, which struggled to scale and perform under the demands of increasing data volumes, projected at 11TB per day. The limitations of QRadar included high licensing costs, inadequate real-time capabilities, and compliance concerns regarding data handling. To address these issues without completely replacing QRadar, the bank adopted an evolutionary approach by integrating the Devo Platform. This solution allowed for the collection of all security-relevant data, significantly reduced query times, and improved the retention of historical data. The integration has enabled the bank to enhance its security analytics capabilities, allowing for better threat detection and investigation processes across both cloud and on-premises applications. The Devo Platform has become a critical component of the bank's cybersecurity strategy, facilitating ongoing improvements in security operations.