Forcht Bank: Cybersecurity Excellence through Strategic Outsourcing

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
15 March 2022

Winner of Celent Model Risk Manager 2022 Award for Legacy Transformation


Forcht Bank, a community bank operating in Kentucky and Ohio, aimed to strengthen cybersecurity by leveraging managed services. The bank believes that, through outsourcing, small banks can implement services, security, and infrastructure comparable to larger institutions. The new cybersecurity platform provides managed services by Fiserv and uses Microsoft security tools, Splunk, and other systems on a hybrid cloud infrastructure on Microsoft Azure.

Cybersecurity is a technologically and operationally complex domain, requiring myriad tools, highly trained response teams, and increasingly advanced analytic and data science capabilities. By outsourcing its technology infrastructure to experienced providers, Forcht Bank freed itself to focus on the strategic planning and governance aspects of cybersecurity.

Click on the video link below to watch a conversation between Carl "Chip" Clements, Executive Vice President at Forcht Bank, and Neil Katkov, Director with Celent's Risk practice; Celent Risk research members can download the PDF of a detailed case study.