Case Study: a large global retail and commercial bank centralizes SIEM and lowers TCO with Devo

Bank Moving to the Cloud Jettisons Splunk in Favor of Devo

A large global retail and commercial bank needed to shut down a failed multi-year SIEM project. The challenge was to centralize its log management for both on-premises and cloud security sources, which required ingesting over 3TB of daily data from more than 100 different structured and unstructured data source types while supporting its ongoing digital transformation.

Devo implemented its cloud-native platform to serve as a centralized SIEM solution. The Devo Platform smoothly ingested the massive volume of data from any source, providing real-time insights for improved security and performance. This enabled more effective threat detection and response and facilitated the bank's digital transformation, all while achieving a lower total cost of ownership (TCO) by reducing hardware and cloud data transfer costs.