At a time when it’s never been more important to protect the privacy of corporate and customer financial data, this global provider of financial services technology decided to proactively initiate a massive transformation of its cyber security capabilities to reduce the risk of exposure for the organization and its customers.
The company wanted to remediate its security vulnerabilities quickly and identify and fill any gaps existing across its global corporate network. It also wanted to establish a governance model and take advantage of the latest technologies to give the company the confidence that it could operate without disruption from a future cyber security event.
To better secure its online corporate data, the company is implementing a number of new protocols that:
Working shoulder to shoulder with this company beginning in 2016, KPMG member firm professionals have helped the company focus on strategy and governance, organizational transformation, and cyber defense.
With these enhanced capabilities, the company is well positioned to make bold decisions and feel confident that its cyber strategy, defenses, and recovery capabilities will protect its business and support its growth strategies for years to come.
Point solutions won’t solve the problem. Transformation is a combination of people, processes, technologies, and change management programs that can stand up, build, run, and maintain security capabilities for the long term.
When an organization is fortifying itself against a cyber attack, decisions must happen quickly. There’s no time to waste debating alternatives. Take emotions and egos out of the situation and just let the data speak. Put the “brutal facts” on the table to better focus everyone on the common task at hand to achieve consensus quickly.
More technology and more processes don’t always guarantee more security. Aim for simplicity.
KPMG complies with the auditor independence rules of the AICPA, SEC, PCAOB and DOL. As a result, some services described herein may not be available to our audit clients. KPMG audit clients should check with their respective lead audit partner for more information.