Faced with the challenge of lacking the necessary capabilities and skillset for the project, a major financial company had traditionally approached application security without a structured process.
Moreover, the urgency to attain BaFin (Federal Financial Supervisory Authority) compliance within a constrained timeframe added to their complexities.
They approached Nordcloud for help.
The Solution: Application Security Services.
In response, Nordcloud identified the security gaps, implemented essential controls, and established a new Secure Software Development Life Cycle (SSDLC) process to fortify the security of their cloud environment.
Complementing these efforts, extensive training sessions were conducted for the customer’s team, equipping them with the skills needed to proficiently manage and monitor their assets while ensuring compliance.
The first key outcome was the company’s successful achievement of BaFin compliance readiness within the specified timeframe, reinforcing the security of their cloud infrastructure. Furthermore, the customer’s team acquired the expertise required for ongoing asset monitoring and compliance maintenance.
The positive business impact extended to uninterrupted operations, heightened business continuity, and a notable reduction in risk within their environment. Also, the customer experienced a significant reduction in the overall cost of compliance, showcasing the efficiency and effectiveness of the implemented security measures.