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Case Study | The Faricy Boys

The Faricy Boys deploy Covalence, improve security and employee best practices.

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Industry

Retail automotive

Business Need

Visibility to cyber threats and management of security risk.

Solution

Field Effect’s Covalence® threat monitoring, detection, and response platform.

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The Results

  • Elevated security posture by 75%
    in first 30 days using Covalence.
  • Improved employee security best
    practices, increasing awareness of
    phishing techniques by 50%.
  • Gained a responsive cyber security
    team for analysis, support, and counsel.

We always thought we were doing a decent job protecting our IT network and team, but we really lacked visibility to anything that was happening.

The Overview

The Faricy Boys car dealership has been serving Colorado for more than 75 years. With the company’s continued growth, Vice President Paul Faricy had become increasingly uneasy about cyber security protection. After viewing a podcast about Field Effect, a global cyber security company focused on simplifying cyber security for small and mid-size businesses (SMBs), Paul put its Covalence® threat monitoring, detection, and response platform in place. Nearly one year later, he is still impressed by Covalence’s performance.

The Company

As a family-owned third-generation business, The Faricy Boys car dealership is focused on providing knowledgeable, friendly service. “The company was founded by our grandfather in 1942 and after that, our father and uncle ran the dealership until the early 2000s. My brother, Ben, and I now lead the business,” says Paul. Paul and Ben manage two dealerships in Colorado Springs and Cañon City, Colorado — with a third in the plans.

The Challenge

While Paul had basic security measures in place and worked with an IT service provider, he began to see more employees falling for phishing scams. He needed a better approach to cyber security for
complete protection. “We always thought we were doing a decent job protecting our IT network and team, but we really lacked visibility to anything that was happening.”

The Solution

After deploying Field Effect’s Covalence® MDR platform last year, Paul has continued to experience benefits. According to Paul, Covalence’s Actions, Recommendations, and Observations (AROs) threat alerting and reporting improved his security by at least 75% in the first 30 days.

“Through the AROs, we are managing priorities and have elevated our defense,” he says. As just one example of AROs in action, Covalence prevented a phishing attack several months ago on Paul’s network that could have led to a significant data breach. “We got in touch with the Field Effect team and within five minutes, we had a full analysis of what happened and received support. It couldn’t have gone any better for us in terms of notification and response.”

The Results

  • Elevated security posture by 75%
    in first 30 days using Covalence.
  • Improved employee security best
    practices, increasing awareness of
    phishing techniques by 50%.
  • Gained a responsive cyber security
    team for analysis, support, and counsel.

I couldn’t imagine operating without Covalence and the Field Effect team.

Paul Faricy
Vice President – The Faricy Boys

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