CHICAGO, June 24, 2015 – To bolster the security of its IT infrastructure and more effectively mitigate cyber risk, Toledo, Ohio-based Waterford Bank selected Xamin’s Vulnerability Management Service, which proactively monitors IT environments for potential or existing risks on an ongoing basis and provides steps for remediation as needed. Xamin is a leading national managed service provider for financial institutions, healthcare facilities and other highly regulated industries. (Click to Tweet)
Waterford Bank leverages the Vulnerability Management Service to scan its entire IT network environment, detecting any potential system weaknesses and managing patches within various third-party software systems. The service then provides the bank with weekly reports about exceptions that have been discovered, paired with the necessary steps to remediate any outstanding issues. In addition to the Vulnerability Management Service, Waterford Bank also leverages Xamin’s 24/7 technical network support for its entire IT environment and strategic planning services, which the bank credits as streamlining its conversion to Fiserv’s core banking platform.
“We rely heavily on Xamin’s technical expertise and knowledge in the area of cybersecurity, and as a result, our bank rarely is presented with a long list of items to work through after an IT audit because any found threat is dealt with immediately,” said Cathy Martin, vice president of Information Technology at Waterford Bank. “The fact that Xamin is a Fiserv Preferred Partner was critical to our successful conversion and continued relationship. During the transition, we put in all-new communications systems, new servers, new hardware and new software. Xamin was vital in ensuring these new systems remain compatible and protected from potential cyberattacks.”
“Waterford Bank has experienced tremendous growth due to a strong commitment to customers and the progressive mindset of its leadership,” said Aaron Scicluna chief business development officer, Xamin. “At a time when IT security issues are confronting many organizations, Waterford Bank has set an example by preserving the integrity of its network, and we are excited at the opportunity to continue serving Waterford Bank and working to protect its business in today’s challenging business environment.”
About Waterford Bank
Waterford Bank is located in Toledo, Ohio and was founded in 2007 by three individuals who together have more than 100 years of banking experience. The bank is staffed with experienced talent that shares a commitment to have Waterford be the preeminent provider of integrated, customized financial services. For more information, please visit www.waterfordbankna.com.
About Xamin
Founded in 1999, Xamin, Inc. is a Chicago based company offering industry leading IT services to financial institutions as well as other highly regulated industries. The company provides consulting, managed IT services and integration of a full suite of security, cloud and vendor solutions. Xamin specializes in transforming IT into a revenue driving capability for an organization rather than a cost and compliance challenge. Xamin’s Shaped by Auditors for Auditors SM initiative ensures its managed services meet the needs of auditors, and the company has committed annually to the examination and reporting of controls in a service organization under the SOC2 Type II certification. For more information, please visit www.xamin.com or call 1-844-44XAMIN.