Case Study

How Varonis Helps Prospect Capital Management’s CTO Create Compliance Reports in Minutes, Not Hours

SOX

auditing requirements

98%

time savings with automation

Hybrid

IT infrastructure

“Varonis’ support is unprecedented, and their team continues to evolve and improve their products to align with the rapid pace of industry evolution. Varonis cemented itself on my list of must-have products for Prospect’s infrastructure.”

Al Faella, CTO, Prospect Capital Management

Challenge

Prospect Capital Management has been a Varonis customer since 2015. Its initial challenge is endemic to almost all growing businesses: a need for more visibility into their data infrastructure. Prospect also needed to optimize audit processes and procedures, and ensure compliance with data protection regulations like Sarbanes-Oxley (SOX).

Over the last year, Prospect began implementing a hybrid IT structure as they started to
utilize Microsoft’s public cloud offerings. They needed to maintain a high level of threat
detection and security for data stored on-premises and in the cloud.

“Varonis gives us crucial visibility into our Exchange Online and OneDrive environments. Knowing that we have enhanced insight into our public cloud and on-premises infrastructure gives us tremendous peace of mind.”

Al Faella, CTO, Prospect Capital Management

Solution

  • Visibility and control into data stored on-premises and in the cloud: They started with DatAdvantage for Windows and Directory Services, and later added DatAdvantage modules for OneDrive and Exchange Online to protect their unstructured data in the cloud. Data Classification Engine gives Al and his team more clarity on where sensitive data lives, where it’s exposed, and how to keep it secure.
  • ITGC Recertifications to help with regulatory compliance: Prospect needed to ensure compliance with data protection regulations. With Varonis, necessary tasks that used to take Al and his team hours, if not days, can now be completed in a fraction of the time. This is especially true when it comes to producing critical ITGC Certifications for SOX compliance.
  • Advanced threat detection and response: Over the last year, Prospect began implementing a hybrid IT structure as they started to utilize Microsoft’s public cloud offerings. According to Al, one of their best (and most relied upon) solutions is Varonis DatAlert. In fact, DatAlert helped Prospect detect potential ransomware behavioral patterns just weeks after its initial deployment.

“Varonis gives us crucial visibility into our Exchange Online and OneDrive
environments. Knowing that we have enhanced insight into our public
cloud and on-premises infrastructure gives us tremendous peace of mind.”

Al Faella, CTO, Prospect Capital Management

Customer Profile

  • Location: U.S.
  • Industry: Finance

Varonis Products

See what products Prospect Capital Management uses to protect their sensitive data.

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