Client is a leading bank based out of Europe, Achieved a 40% reduction in vulnerabilities, streamlined regulatory compliance processes, and bolstered customer confidence. The partnership with Sparity positioned Bank as a leader in data privacy within the banking sector.
ClientBankingServices VAPT & Data Privacy Year 2024
Key Challenges
- Client faced vulnerabilities in its data infrastructure, leaving it susceptible to cyberattacks and potential data breaches.
- Meeting stringent regulatory standards, including GDPR and industry-specific mandates.
- Balancing the need for data accessibility with stringent data privacy requirements.
- Enabling secure data sharing within the organization and with external partners.
Technologies
Solution
- Sparity deployed a comprehensive suite of cybersecurity solutions to address the challenges of data privacy for bank.
- Our team Conducted thorough VAPT to identify and remediate vulnerabilities in their network, applications, and systems.
- Implemented advanced encryption techniques to protect data at rest and in transit, ensuring confidentiality and compliance with data protection regulations.
- We Developed a robust IAM system, incorporating multi-factor authentication and role-based access controls to restrict unauthorized access.
- Deployed a SIEM solution for real-time monitoring, threat detection, and automated response to potential security incidents.
- Automated compliance checks and reporting to ensure adherence to GDPR and other regulatory frameworks, reducing manual efforts and minimizing the risk of non-compliance.
- Sparity Established secure API frameworks like API keys to authenticate API requests.
- Encrypted data sharing protocols to facilitate collaboration while maintaining data integrity.
Benefits
- 40% Reduction in number of vulnerabilities in Bank’s infrastructure.
- Enabled proactive threat detection, minimizing the impact of potential security incidents.
- Strengthened data protection measures contributed to an increase in customer trust and satisfaction.
