Case Study

Euro Auctions deploy LoughTec Security Operations Centre

Euro Auctions - Security Operations Centre

The Challenge

  • Payment portal and bank transfer interceptions where the risk comes from fraudulent invoices sent to their accounts team.
  • Attacks on the Group’s online bidding service where any interruption would have a catastrophic impact on live auctions.
  • Attacks on Euro Auctions’ network due to the centralisation of services at their Co Tyrone HQ.
  • Other stakeholders in the Euro Auctions supply chain were required to promote cyber security within their own organisations.
  • Employees, most often the weakest link in any corporate cybersecurity environment, might unwittingly allow access to networks through malware contained in an email or via a USB drive.
  • Website scraping had the potential to crash the Euro Auctions website at any given moment.

"The deployment process was quick and seamless, and was completed across all our endpoints in a couple of days. The reporting from the SOC is essential for us. It gives us a demonstration of its value for money. We can show our directors and management, ‘these are the types of attacks that have happened or attempted to happen, and this is how the system is paying for itself.’ What price can you put on the loss of your data or your business being down for a significant amount of time?”

The Outcome

LoughTec was selected by Euro Auctions to implement its Security Operations Centre (SOC) across the company’s network and endpoints and to support Euro Auctions against all cyber threats. The SOC is focused on catching breaches and rapidly responding to contain them, monitoring networks and detaining advanced threats before they can spread laterally. It combines state-of-the-art software and cyber security professionals, working together in unison to give Euro Auctions world-class protection from the growing cyber threat, 24/7/365.

Features

LoughTec’s Security Operations Centre provides 24/7/365 coverage so your organisation can focus on other priorities.

  • A combination of technology and a dedicated team of experienced IT professionals, providing Euro Auctions with continuous monitoring and response service 24/7/365.
  • Active threat hunting and real-time responses, collecting information from Euro Auctions’ networks, providing accurate and real-time reporting.
  • The Nation-state grade managed detection and response (MDR) technology helps detect what others miss.
  • Monthly reporting mechanism with detailed metrics, giving Euro Auctions peace of mind.

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LoughTec support, protect and manage IT Infrastructure for organisations throughout the UK and RoI. We add value to our business relationships through our technical expertise, experience plus a strategic and hands-on approach to our managed IT services.

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