Client
A financial services firm handling sensitive customer data across multiple digital platforms requiring a structured approach to cybersecurity risk management
Challenge
With increasing cyber threats and regulatory pressure the firm needed to implement the NIST Cybersecurity Framework to enhance its security posture and risk management practices Key challenges included
- Identifying cybersecurity risks and aligning existing controls with NIST recommendations
- Enhancing incident response capabilities and developing a robust cybersecurity strategy
- Establishing continuous monitoring and governance to maintain security effectiveness
- Ensuring compliance with industry regulations and improving stakeholder confidence
Solution
The firm partnered with COE Security to implement the NIST Cybersecurity Framework through a structured approach tailored to its operational needs
Phase 1 Risk Assessment and Gap Analysis
- Conducted a thorough assessment of the organization’s security posture against NIST standards
- Identified gaps in risk management policies security controls and incident response procedures
- Developed a customized roadmap prioritizing high-risk areas and compliance needs
Phase 2 Policy Enhancement and Security Implementation
- Assisted in updating and formalizing cybersecurity policies and procedures
- Implemented advanced security controls including network segmentation multi-factor authentication and encryption
- Developed an incident response plan with defined roles escalation procedures and recovery protocols
Phase 3 Continuous Monitoring and Compliance Readiness
- Established continuous monitoring processes using security information and event management SIEM solutions
- Trained staff on cybersecurity best practices and regulatory requirements
- Conducted internal audits to assess compliance and security effectiveness
Phase 4 Audit Support and Ongoing Optimization
- Prepared the firm for external cybersecurity audits and regulatory assessments
- Provided ongoing support to refine security strategies and adapt to emerging threats
- Ensured alignment with evolving NIST guidelines and industry standards
Results
Through COE Security’s guidance the financial services firm successfully strengthened its cybersecurity posture achieving
- Improved risk management with proactive threat detection and mitigation
- Enhanced regulatory compliance demonstrating adherence to industry cybersecurity standards
- Increased operational resilience reducing the impact of potential security incidents
- Greater customer trust and confidence in the firm’s commitment to data protection
Client Testimonial
Partnering with COE Security transformed our cybersecurity approach Their expertise in NIST implementation provided us with a structured framework to safeguard our data and maintain compliance