The biggest business value I get is really minimising risk and having an ongoing security strategy in place– Ricardo Brizido, Chief Technology Officer, Seedrs
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Seedrs, is an UK-based private equity marketplace for investing in startups and later-stage businesses throughout Europe. Seedrs was the first equity crowdfunding platform to receive regulatory approval from a financial regulator – the Financial Conduct Authority (FCA, formerly the FSA) in May 2012. In total, the platform has funded over 630 deals, across 17 different sectors, by investors from 58 countries, who made over £380m+ investments. Seedrs enables all types of investors to invest in businesses they believe in and share in their success. Their unique offer protects and empowers investors while helping businesses grow.
Seedrs has always been a cloud first, cloud only business – an approach designed to give the company the competitive advantage and scalability needed to grow the business. To support this level of agility, Seedrs hosts its critical infrastructure on Amazon Web Services (AWS). Security is extremely important to Seedrs as they operate in a highly regulated market with transacting millions of £GBP and customer data.
Seedrs’ top security and compliance challenge was to have full visibility of their cloud environment - they needed to have the ability to see what’s happening within their cloud environment and, in the event of any breach, be able to analyse and demonstrate what data has been compromised. “Having a centralised space where we can look at security in a simple manner is important, because that way we can understand where we are and where we want to go”.
Seedrs was also looking at expanding the security expertise they had within the team. The adoption of cloud changed their security strategy which required specific cloud security expertise, threat monitoring, log management and visibility across that environment. The solution was finding a partner who could deliver:
- Real-time, 24x7 network security monitoring by security experts
- Centralised Visibility across their AWS environment
- Actionable threat analysis and threat intelligence
- Access to the resources and expertise critical in today’s evolving cyber security ecosystem
- Security Compliance with regulatory mandates such as PCI DSS Compliance
It was really clear Alert Logic could help us enhance our security by threat monitoring, log management and therefore was a sensible option for us to proceed, they have been a key partner for our security approachRicardo Brizido, Chief Technology Officer, Seedrs
Why Alert Logic?
When searching for a cloud security solution, Seedrs was recommended Alert Logic by their AWS account manager after conducting a security review. Alert Logic’s tight integration with AWS is what ultimately drove the decision as well as the security expertise.
Alert Logic on AWS is designed for the cloud, empowering Seedrs with advanced threat analytics, threat detection, and alerting across its applications and services. Using full-packet inspection within the AWS environment, it uniquely protects against threats that proliferate inside an organization’s cloud environment as well as attacks coming from outside.
Seedrs values Alert Logic as a holistic security partner with the expertise and tools to free up its own in-house resources to focus on the company’s core business but also have the level of visibility needed to share internally. “The most important capability Alert Logic provides Seedrs has to do with 24x7 security operations centre and also the clear visibility around the security state of Seedrs and the ability for me to provide that to my team”
Alert Logic offers Seedrs AWS security services like vulnerability scanning & assessment as well as managed cloud security which ensures that Seedrs have the visibility into their cloud configuration and ongoing threat management.
“Ongoing threat management is very important to us; as an online platform we’re visible in the news and press, which means we could potentially be a target. Therefore, ensuring that we have ongoing security is extremely important.”