Since its founding 1908, Luana Savings Bank has evolved from its origins as an agricultural lender into one of Iowa’s ten largest banks. With around $2 billion assets under management, the family-owned Luana employs over 100 employees across six branches in Iowa and has been recognized as one of the most efficient banks nationally.
“Efficiency is everything at Luana. Most banks our size employ two to three hundred people — that is around 2-3 times our size,” explains Grant Langhus, Luana’s Manager of Information Technology.
With only a team of two (himself included), Grant Langhus, Manager of Information Technology, must emphasize efficiency to secure Luana and navigate the strict regulations of the financial services industry. Luana has maintained a traditional on-premise approach to IT and security focused on virtualization and network segmentation.
“As a bank, we are obviously very security-conscious and attempt to keep as much data on-premise as we can” says Langhus. “We host our core business applications and software locally using secure virtualization software.”
Still, when Langhus first joined in 2011, Luana was consistently vulnerable to Internet-borne malware, and Langhus recalls the intrusion detection system “lighting up like a Christmas tree across the board.” Every month, his team was rebuilding and conducting forensics investigations on at least one infected desktop machine or server. These malware infections not only posed critical security risks, but also money and significant repair effort hindered business efficiency.