Case Study: BankPlus strengthens security operations with Lumifi MDR

Transparent Talent Gap Management Made Simple with MDR for BankPlus

BankPlus, a regional bank in the US Southeast, faced a significant security challenge when its Chief Technology Officer and Director of Information Technology both retired. The bank needed a way to manage this critical talent gap to maintain expert-level security operations, threat detection, and SIEM management without incurring high costs or risking a drop in protection. They turned to their existing vendor, Lumifi, for a Managed Detection and Response (MDR) solution.

Lumifi provided a comprehensive MDR service that delivered 24/7 security visibility and managed SOC capabilities. The solution involved correctly configuring the bank’s existing SIEM, custom-tuning alarms, and providing ongoing security operations support. The results included accurate security visibility for a fraction of the cost of a single full-time employee, the avoidance of "rip and replace" costs for their SIEM, and significant time and cost savings that relieved pressure on the internal team.

BankPlus

Todd Stringer

Vice President & Information Security Officer