ESTABLISHED A ROBUST SECURITY AND COMPLIANCE FRAMEWORK TO ENHANCE CYBERSECURITY RESILIENCE AND REGULATORY COMPLIANCE FOR A MULTINATIONAL FINANCIAL INSTITUTION

CLIENT

Our client is a renowned multinational financial institution with a vast customer base and an extensive asset management portfolio. As this was a carve out from a larger parent organization, they had to set up the entire security and governance framework from scratch. Operating in a heavily regulated industry, the client had to ensure a robust security posture to mitigate cybersecurity challenges, ranging from sophisticated cyberattacks to compliance-related issues. The customer decided to modernize their environment and set up a cloud only multi-cloud environment to host their business applications and customer data.

Challenges

Limited visibility and strategy for Cybersecurity adoption due to lack of Cybersecurity expertise
Limited knowledge on Cyber Threat Landscape
Stringent compliance requirements, including data protection laws and industry-specific regulations
Unknown risks due to cloud transformation
Insider threats

SOLUTION

To address customer challenges and enable the business to focus on growth we helped the customer by providing end-to-end security governance and compliance services which included:

vCISO as a service: Set up a vCISO service to develop and define security policies and guidelines following NIST standard and applicable compliance regulations.
Regulatory Compliance Framework: Developed a customized compliance framework that aligned with regional and applicable regulations, enabling the client to meet legal obligations efficiently.
Cybersecurity Strategy and Policy: Created a robust cybersecurity strategy and policies, encompassing incident response, data protection, access control etc.
Technology risk assessment: Assessed all new technology proposals to evaluate applicable security guidelines and identify any risk. Recommended mitigation controls and provided approvals post successful review.
Security Awareness: Managed and executed security awareness program to enhance awareness and sense of accountability to users.

CUSTOMER BENEFITS

Our security governance and compliance services helped the customer achieve enhanced cybersecurity resilience, regulatory compliance, improved employee awareness, while increasing trust and reputation.