Case Study: a major Canadian bank reduces cyber fraud and threat response time with Flare

Major Canadian Bank Chooses Flare Systems to Monitor the Criminal Underground

The major Canadian bank, a leading financial institution, faced significant challenges in managing its cyber threat intelligence. Its CTI team was overwhelmed by the volume of data from manual monitoring, struggling to identify critical threats and prevent day-to-day fraud amidst excessive noise. To address these pain points, the bank turned to Flare and its Firework platform for automated monitoring.

By implementing Flare, the bank automated its monitoring of the dark and surface web, gaining real-time alerts and a comprehensive view of external threats. The solution drastically reduced the mean time to identify security issues from 192 days to mere minutes. Flare enabled the team to quickly mitigate risks, track malicious actors across platforms, and improve its overall security posture, resulting in a substantial reduction of cyber security risk.