IMPLEMENTED SOLUTIONS
Audit
GRC
Maturity assessment
LOCATION
Portugal
SECTOR
Finance
How a financial institution mitigated challenges with GRC implementation
A Portugal-based financial institution, grappling with a myriad of cybersecurity challenges, successfully addressed numerous issues following the implementation of targeted Governance, Risk, and Compliance (GRC) activities. These carefully designed measures enabled the organization to systematically identify vulnerabilities, assess potential risks, and implement effective mitigation strategies. As a result, the institution not only strengthened its cybersecurity defenses but also ensured ongoing compliance with regulatory requirements, thereby enhancing its overall operational resilience and security posture.
What we achieved
The challenge
A Portuguese financial institution, confronted with the challenge of a cybersecurity maturity assessment involving numerous interviews and evidence analysis, successfully addressed several issues within its complex and large organization, which already boasted a high level of cybersecurity maturity.
The solution
The GRC activities applied in this case encompassed a Maturity Assessment based on NIST CSF (Cybersecurity Framework), the National Framework of Reference for Cybersecurity (QNRC) of CNCS, ISO/IEC 27001, and other references and regulations relevant to the banking sector in Portugal.
The benefits
Subsequently, the organization identified and assessed its current cybersecurity maturity state, pinpointing gaps in areas such as Asset Management, Supply Chain Risk Management, Data Security, Anomalies and Events Detection, and Incident Analysis. Compliance checks against NIST CSF, ISO/IEC 27001, QNRC were conducted, along with recommended actions to enhance the organization's cybersecurity posture.
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