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Case Study: Securing Financial Data: A Comprehensive Cyber Risk Assessment for a North Carolina-based Financial Services Company

Client Overview

Company: NDA
Industry: Finance
Location: Raleigh, NC
Number of Users: 50+
Challenges: The client was concerned about potential cybersecurity vulnerabilities. They wanted to ensure a secure environment with no open gaps or weaknesses, particularly regarding sensitive financial data.

Client’s Request

We want to do a complete cybersecurity review of our environment and make sure there are no open vulnerabilities or gaps that we can remedy.

Solution Provided

Vulnerability Scans

Our team conducted internal and external vulnerability scans, with a focus on finance-specific systems like client data storage, payment processing, and confidential records management.

Gap Identification

The results of the scans and meetings were compiled to identify vulnerabilities, and our team provided a clear summary of the client’s security posture.

NIST CSF Consultation

Our specialists held several meetings with the client’s team to ask key questions based on the NIST Cybersecurity Framework (CSF), focusing on their current security status and long-term security goals.

Solution Design

Our specialists demonstrated how WorkSmart’s services could address security gaps, such as outdated software, insecure access points, and unpatched vulnerabilities.

Next Steps

WorkSmart presented the findings as a deliverable including outlined next steps, creating a tailored plan to enhance security and close identified gaps.

Solution Implementation

Service: ManagedShield Cyber Risk Assessment
Technologies Used:

  • Vulnerability scanners, secure network monitoring tools, and enhanced endpoint security systems.
  • Multi-factor authentication (MFA) for secure access to financial data.

Assessment Details: Our specialists conducted a thorough review of the client’s firewall configurations and security measures around sensitive financial information, including transaction data and customer records.

Metrics and Results

40% Vulnerability Reduction: The client experienced a 40% reduction in identified vulnerabilities within the first two months of implementing our recommended security measures.
Increased Detection Speed: Our enhanced security protocols enabled faster detection and response to potential threats, minimizing downtime and improving operational security.
Improved Security Posture: The client saw a significant improvement in their overall cybersecurity readiness, particularly in areas critical to financial operations.

Value Delivered

  • Comprehensive understanding of the company’s cybersecurity posture.
  • Clear and actionable plan to address security gaps.
  • Enhanced protection for sensitive financial data, improving client trust and regulatory compliance.