Incident readiness review for financial services company
Problem
A large financial services company recognised the critical need to assess its incident readiness and digital forensic capabilities.
They sought a comprehensive review of their incident management capabilities to ensure they were well-prepared to respond to cybersecurity incidents.
Response
Toro prepared a comprehensive review, assessing the financial services company’s incident management capabilities, encompassing monitoring, logging, threat intelligence, detection, and response capabilities.
- The assessment covered the following critical components:
- Isolation and Preservation of Endpoint Devices:
- Endpoint Monitoring, Response, and Analytics
- SIEM and SOAR
- Vulnerability Management
Outcome
The outcome of the assessment led to the identification of multiple recommendations and enhancements: These included:
- Enhanced communication processes with business stakeholders to ensure that incident response efforts align with business objectives and minimize disruption.
- Strengthening supply chain risk management practices to mitigate third-party cybersecurity risks. Implementation of data classification measures to categorize data based on its sensitivity and importance, allowing for targeted protection.
- Role-based access control policies were refined to limit access to sensitive data and systems, reducing the risk of unauthorized access.
- The backup regime was improved to ensure data availability and business continuity in the event of a cybersecurity incident.
- Documentation of detailed procedures for incident response and forensic investigations was emphasized, enhancing the team’s ability to respond effectively.
- Regular testing of log availability and integrity was initiated to ensure that critical logs were available for analysis during incident investigations.
- A thorough review of coding practices and cloud infrastructure configurations was performed to identify and remediate security vulnerabilities.
- The financial services company’s proactive approach to assessing and enhancing its incident readiness and digital forensic capabilities positioned them to respond effectively to cybersecurity incidents.