Client
An insurance company with 5000+ employees and $2 billion revenue in the United States.
Business Challenge
Insurance company faced increasing cyber threats, including phishing attacks, ransomware, and data breaches. With sensitive customer data at risk, the company needed a robust cybersecurity solution to protect its assets and ensure compliance with industry regulations.
- Enhance Data Security: Protect sensitive customer information from unauthorized access and breaches.
- Improve Threat Detection: Implement advanced threat detection and response mechanisms.
- Ensure Compliance: Meet regulatory requirements such as GDPR, HIPAA, and PCI-DSS.
- Increase Employee Awareness: Educate employees on cybersecurity best practices to reduce human error.
Solution, Technology & Tools Stack
Signiminds implemented a comprehensive cybersecurity solution tailored for the insurance company’s needs. The solution included the following components:
- Data Security: Encryption: Implemented AES-256 encryption for data at rest and in transit.
- Data Loss Prevention (DLP): Deployed DLP solutions to monitor and protect sensitive data.
- Threat Detection & Response: SIEM (Security Information and Event Management): Utilized Splunk for real-time monitoring and analysis of security events.
- Endpoint Detection and Response (EDR): Deployed CrowdStrike Falcon for advanced endpoint protection.
- Intrusion Detection Systems (IDS): Implemented Snort for network intrusion detection.
- Compliance Management: Governance, Risk, and Compliance (GRC) Tools: Used RSA Archer to manage compliance and risk.
- Audit and Reporting: Automated compliance reporting with tools like Qualys.
- Employee Training: Security Awareness Training: Conducted regular training sessions using platforms like KnowBe4.
- Phishing Simulations: Ran simulated phishing attacks to test and improve employee response.
Implementation
- Assessment: Conducted a comprehensive security assessment to identify vulnerabilities and gaps.
- Planning: Developed a detailed implementation plan, including timelines and resource allocation.
- Deployment: Implemented the chosen cybersecurity solutions in phases to minimize disruption.
- Monitoring: Set up continuous monitoring and incident response protocols.
- Training: Provided ongoing training and support to employees.
Implementation
- Assessment: Conducted a comprehensive security assessment to identify vulnerabilities and gaps.
- Planning: Developed a detailed implementation plan, including timelines and resource allocation.
- Deployment: Implemented the chosen cybersecurity solutions in phases to minimize disruption.
- Monitoring: Set up continuous monitoring and incident response protocols.
- Training: Provided ongoing training and support to employees.
Results Data
- Reduced Data Breaches:
-
- Before Implementation: 20 data breaches per year
- After Implementation: 2 data breaches per year
- Reduction: 90%
- Improved Threat Detection:
- Average Threat Detection Time:
-
- Before: 48 hours
- After: 24 hours
- Reduction in Response Time: 50%
- Compliance:
- Regulatory Audits Passed: 100%
- Major Findings in Audits:
-
- Before: 5 major findings per audit
- After: 0 major findings per audit
- Employee Awareness:
- Phishing Susceptibility:
-
- Before Training: 30% of employees fell for phishing simulations
- After Training: 9% of employees fell for phishing simulations
- Reduction: 70%
- Overall Security Posture:
- Security Incidents:
-
- Before: 50 incidents per year
- After: 10 incidents per year
- Reduction: 80%
