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Cybersecurity   \   Case Study   \   BSFI

A leading Banking, Financial Services, and Insurance (BFSI) institution approached Futurism to assess and strengthen its cybersecurity posture. The institution faced increasing risks of cyber threats, data breaches, and regulatory non-compliance, and required a comprehensive security solution to protect customer information and maintain trust.

Challenges

The BFSI institution faced several challenges, including:

  • Outdated security infrastructure and processes
  • Growing sophistication of cyber threats and attacks
  • Compliance with industry regulations such as GDPR, PCI DSS, and ISO 27001
  • Protecting sensitive customer and financial data
  • Ensuring secure access to critical systems and data

Solutions

Futurism developed a tailored cybersecurity solution to address the institution's unique challenges. Key components of the solution included:

  • Security Assessment and Compliance

We conducted comprehensive security assessments and audits to identify vulnerabilities, evaluate risks, and ensure compliance with industry regulations.

  • Network Security and Monitoring

We deployed advanced intrusion detection and prevention systems, firewalls, and secure gateways to protect the institution's network from external and internal threats. Our 24/7 monitoring services provided real-time visibility and threat detection.

  • C-SOC

State-of-the-art C-SOC (SOC 2 Type II) for round-the-clock data and physical protection, operated by top-tier, highly certified SOC engineers and analysts.

  • Zero Trust Security

We assisted the institution in advancing its Zero Trust maturity model, streamlining risk management by removing implicit trust.

  • Endpoint Protection

We implemented robust endpoint protection solutions to safeguard the organization's devices against malware, Ransomware, and targeted attacks.

  • Secure Application Development

We provided comprehensive security testing, code reviews, and vulnerability assessments to ensure the institution's applications met industry security standards and were resistant to cyberattacks.

  • Data Security and Encryption

We secured sensitive data through encryption, tokenization, and data masking solutions, helping the institution meet regulatory requirements for data privacy.

  • Incident Response and Threat Intelligence

We provided 24/7 support and guidance to help the institution react swiftly and effectively to cybersecurity incidents, and enabled them to stay ahead of emerging threats and prevent future attacks.

  • Cloud Security

We assisted the institution in securely migrating and managing its operations in a hybrid cloud environment, ensuring optimal security and compliance across its cloud ecosystem.

  • IAM Solution

We implemented an advanced IAM solution to manage and control user access to critical systems and data.

  • Insider Threat Management

We provided comprehensive solutions to detect, prevent, and mitigate insider threats from employees, contractors, and third-party vendors.

  • Third-Party Risk Management

We offered due diligence, continuous monitoring, and vendor risk assessments to ensure the institution's supply chain maintained the highest security standards.

  • Security Awareness Training

We delivered customized security awareness training programs to educate employees about the latest cyber threats, social engineering tactics, and best practices for safeguarding sensitive information.

Results

By implementing Futurism’s cybersecurity services and solutions, the BFSI institution achieved the following results:

Enhanced security posture and reduced risk of cyber threats and data breaches
Improved compliance with industry regulations
Strengthened protection of customer information and financial data
Streamlined risk management with a Zero Trust framework
Optimized security operations and increased efficiency through SOAR implementation
Increased employee awareness of cybersecurity best practices

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