CanDeal Standardizes on Splunk Enterprise as Its Platform for Security Intelligence
Financial Services Leader Relies on Splunk Platform to Streamline Security and IT Operations
SAN FRANCISCO – November 4, 2015 – Splunk Inc. (NASDAQ: SPLK), provider of the leading software platform for real-time Operational Intelligence, today announced that CanDeal, the leading institutional electronic marketplace for Canadian bond, money market and derivatives trading, has implemented Splunk® Enterprise and Splunk Enterprise Security for security analytics across its IT infrastructure. Splunk Enterprise helps enable CanDeal to quickly and easily mitigate advanced persistent threats (APTs) and meet a wide range of industry and security regulations. The financial marketplace is also using the Splunk App for Stream to improve overall workflow, increase operational efficiencies and gain insights from network wire data. To learn more, read the CanDeal case study on the Splunk website.
“In financial services, we are entrusted with having a high level of integrity with our data, especially when it comes to protecting complex transactions. Splunk Enterprise is the centralized platform that helps us get results quickly, especially when it comes to hunting down and eradicating security threats,” said Kristofer Laxdal, head of information security, CanDeal. “We have driven value very quickly from our Splunk deployment and leverage it not only from the security side, but also for IT operations. Additionally, we are now able to provide an instant overview of our environment, whether for our C-level executives or regulatory auditors.”
As part of its enhanced security posture, CanDeal’s security operations team is using Splunk software to investigate, identify and alert against known and unknown threats, including APTs. For advanced security analytics, CanDeal leverages Splunk Enterprise Security’s out-of-the-box dashboards, reporting and real-time alerting in its security operations center (SOC). Using Splunk Enterprise and Splunk Enterprise Security, CanDeal has improved threat response times, in some cases neutralizing the threat in as little as 10 minutes. Using the Splunk App for Stream, CanDeal can look at network traffic and wire data across its geographically dispersed data centers, in order to streamline troubleshooting of operational issues. Splunk software has enabled CanDeal to break down departmental silos, gain greater cross-tier operational visibility, and increase collaboration between IT and DevOps teams.
“Splunk is proud to be the nerve center for security at CanDeal,” said Haiyan Song, senior vice president of security markets, Splunk. “Going beyond the traditional SIEM solution and developing an advanced threat protection strategy centered around security analytics is crucial for any organization. Financial agencies must be proactive about mitigating potential external or internal attacks, as well as meeting the world’s most stringent IT security and compliance regulations. As electronic trading continues to grow and evolve, creating a strong security posture is of paramount importance for our digital economy, which is why a growing number of companies are using Splunk security analytics.”
CanDeal is the leading electronic marketplace for Canadian dollar fixed income securities and derivatives (www.candeal.com). Institutional investors from around the globe gain direct access to a network of leading dealers, including all of Canada’s Primary Dealers. Participants are provided with optimal transparency, operational efficiencies and unique business intelligence data. CanDeal’s shareholders include: BMO Nesbitt Burns Inc., CIBC World Markets, National Bank Financial Inc., RBC Capital Markets, Scotia Capital, TD Securities and TMX Group. CanDeal also offers Canadian institutional investors and investment dealers’ electronic access to liquidity in additional debt and derivative marketplaces operated by Tradeweb Markets LLC in the United States and Europe.
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