Exposing the Human Factor: Social Engineering Services for a Global Financial Firm

Client Profile

A global financial services provider operating across 40+ countries, employing over 10,000 staff with a significant online customer interface. The client manages sensitive financial data and compliance-driven operations. Following increased reports of phishing incidents and internal security lapses, the client sought to validate its human-layer defenses and organizational awareness posture through simulated social engineering assessments.

Challenges Faced

Key security concerns included:

  • Frequent phishing incidents bypassing email security filters
  • Low awareness among employees regarding social engineering threats
  • Absence of formalized human risk assessments in the security strategy
  • Compliance requirements under ISO 27001 and PCI-DSS for security awareness
Solution

COE Security implemented a tailored Social Engineering Assessment Program, combining:

  • Email Phishing Simulations: Crafted and launched targeted campaigns across departments
  • Phone Pretexting Engagements: Simulated vishing calls to test response protocols
  • Onsite Impersonation Exercises: Validated physical access controls and visitor policies
  • Executive Risk Briefings: Shared findings and mitigation strategies with leadership
Human Behavior Testing and Awareness Impact
  • Launched three tiers of phishing simulations targeting 500 employees
  • Identified a 23% click rate and 8% credential submission rate during initial tests
  • Delivered customized training to departments with high susceptibility
  • Conducted stealth physical access tests at two global offices
  • Reported multiple tailgating and badge-sharing incidents during site visits
Governance, Policy, and Readiness Enhancements
  • Integrated human-layer risk scoring into overall risk register
  • Developed role-based training modules aligned with ISO 27001 A.7.2.2 controls
  • Implemented quarterly phishing simulation policy across business units
  • Formalized an executive mandate for social engineering awareness
COE Social Engineering Services Portfolio
  • Phishing Simulation Campaigns
  • Spear Phishing (Executive Targeting)
  • Vishing (Voice-Based Pretexting)
  • Smishing (SMS-Based Attacks)
  • Impersonation and Physical Breach Testing
  • Red Team Social Engineering Engagements
  • Security Awareness Training and Gamification
  • Role-Based User Risk Profiling
  • Human-Centric Threat Modeling
  • Compliance-Aligned Awareness Dashboards
Implementation Details
  • Deployed phishing simulators with real-time reporting dashboards
  • Integrated awareness modules into client’s LMS and HR systems
  • Conducted pre/post assessments to measure training effectiveness
  • Documented findings with evidence-backed risk heatmaps
  • Shared monthly executive summaries and compliance reports
Results Achieved
  • Decrease in phishing click rate from 23% to 5% over 60 days
  • Achieved 100% participation in awareness training within 30 days
  • Closed 5 critical control gaps across HR and physical security policies
  • Improved organization’s Human Risk Maturity score from Level 1 to Level 3
Client Testimonial

“COE Security helped us see where our real risks lie – people. Their approach to social engineering was eye-opening, actionable, and incredibly well-executed. Today, we’re a much harder target.”