SEI® (NASDAQ:SEIC) today announced that Republic Bank selected SEI Sphere to manage its cybersecurity operations.
SEI Sphere provides comprehensive, cloud-based cybersecurity and IT solutions designed to protect and optimize enterprise technology and data, with services including 24x7 security operations, managed detection, response and remediation.
A leading Philadelphia-based bank with 33 stores and more than $5 billion in assets, Republic Bank will leverage SEI Sphere's cybersecurity solutions as it seeks to continue to expand its footprint throughout Pennsylvania, New Jersey and New York.
Republic Bank selected SEI Sphere to consolidate vendors and manage its cybersecurity program by providing visibility across its infrastructure, including email, endpoint and network protection. With the enhanced visibility, SEI Sphere will help to mitigate risk by detecting threats and providing remediation support.
Ryan Hicke, Chief Information Officer at SEI, said:
"As targeted cyberattacks become more advanced and widespread, banks face significant and unrelenting security threats. We are thrilled to partner with Republic Bank, a premier and fast-growing local community institution, to provide cybersecurity that delivers defense in depth and offers peace of mind amid an ever-evolving threat landscape. We look forward to working alongside Republic Bank as they continue to grow their business."
Jack Allison, Senior Vice President and Chief Information Officer of Republic Bank, said:
"From hiring strong talent to identifying effective technologies to training employees on best practices, the banking cybersecurity landscape is fraught with major challenges that can upend even the most advanced businesses. We are excited to engage SEI for a comprehensive cybersecurity solution that will empower us to pursue our growth strategy with confidence that our assets, data, and community reputation are protected."