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Cribl LogStream™ for Financial Services

Financial institutions need an observability tool that supports their digital transformation goals, promotes customer centricity, and prioritizes cybersecurity.

Data volumes are growing year over year in nearly every industry, and banking and financial services are no exception. At the same time, these organizations are making a massive switch to remote work, a trend initially brought on by the COVID-19 pandemic. This increase in the number of remote workers at financial institutions – coupled with stay-at-home mandates many banking customers are facing from their own employers – brings forth a change in digital transformation investment areas across the industry as a whole. With their employees and customers both at home, banks and financial services firms are increasing their use of digital channels to better reach customers. Cybersecurity is also a top concern for financial institutions, especially as the pandemic has led to a wave of new methods designed to defraud and attack.

Given the increased use of digital channels to deepen relationships with their customers, banking and financial services organizations will not only need a way to manage the continuing growth rate of data, but they will also require analytics to better understand the behavior of those applications and data. Concurrently, they will need tools to better combat cybercrime and streamline security breach investigations.

Key Features of LogStream for Banking and Financial Services

Route Data to the Most Cost-Effective Destination

Use Cribl LogStream to send data to the most effective destinations, including low-cost storage locations like S3. Quickly route data to the best tool for the job – or all the tools for the job – by translating and formatting data into the tooling schemas you need.

Use Summary Metrics for Faster Insights

Easily extract fields of interest and publish the result to metrics. Once aggregated, you will see a major reduction in event counts and data volume, freeing up space in your analytics tools. Send the resulting metrics to your analytics tool or route them to a dedicated time series database for efficient storage and retrieval.

Redact PII from Customer Data in Real Time

Leverage Cribl LogStream’s out-of-the-box Mask function to mask or obfuscate data in motion. Encrypt sensitive data and personally identifiable information in real time before it is forwarded to and stored at a destination, ensuring anonymity for every customer.

Streamline Security Breach Investigations

Cribl LogStream allows you to park full-fidelity data in low-cost storage for as long as you need. Discovered a security breach? Use LogStream to efficiently collect data from object storage and replay that security data to any SIEM or UEBA system.

Cribl paves the way as MIAX expands state-of-the-art exchange offerings

The MIAX Exchange Group is the newest multi-exchange operator in the US, currently running three Options Exchanges trading OCC-issued standardized options on equities & ETFs, and a cash equity exchange. It deployed LogStream to stay ahead of the curve when bringing on new exchanges.

Read the Case Study