Preferred Credit, Inc.
Fortinet Provides Simplified and Comprehensive Security to Improve a Lender’s Regulatory Compliance
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Preferred Credit, Inc. (PCI) is a direct sales lending company headquartered in St. Cloud, Minnesota. The company’s interaction with consumers’ personal and financial data makes cybersecurity a key concern, particularly around ransomware and data exfiltration. Lacking a dedicated security team, efficiency is key to its security infrastructure.
The company today runs a high availability (HA) pair of FortiGate Next-Generation Firewalls (NGFWs) at its disaster recovery site in Minneapolis and at its Las Vegas branch, and two HA pairs in its headquarters. Fortinet Secure SD-WAN connects its locations, with additional security provided by FortiGuard AI-Powered Security Services. The company also uses the FortiSIEM security information and event management solution for visibility into cybersecurity events and FortiEDR endpoint detection and response to protect all of PCI’s user endpoints and physical and virtual servers. The security provided by Fortinet helps PCI protect its reputation by mitigating ransomware attacks and has helped the company reduce its cybersecurity premiums.
“Our security posture allowed us to maintain our policy with no increase in cost at a time when many companies were seeing dramatic increases or not being offered policies at all. Fortinet played a big role in that.”
– Adam Poepping, Senior Systems Administrator, Preferred Credit, Inc.
Business Impact
Comprehensive security has prevented ransomware attacks and maintained brand capital
Improved and streamlined compliance with government regulations on lenders
Reduced premiums for cybersecurity insurance
Simplified security architecture and easy-to-manage solutions free up the system administrator’s time for other network and server management activities
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