Case Study: Managed GRC
Background
US, UK, Singapore, Canada & India based Financial Services Company with global operations.
Challenges
Strong Financial regulatory environment & global data privacy regulations stifling its growth. During its global expansion into European, UK, Canadian and Australian markets, it encountered challenges related to Security, Privacy and Compliance. It lost deals, which it could have won, across these regions. Soon after, it reached out to DigiFortex.
Approach & Outcome
DigiFortex Team set up the GRC (Governance, Risk and Compliance) function for the company. The team did a thorough study and addressed all the root causes inhibiting growth. Within 2-5 months, this company got all the deals that it had lost earlier because of Security, Privacy, Governance, Risk Management and Compliance reasons.
Team DigiFortex played a pivotal role in obtaining significant GRC (Governance, Risk and Compliance) accreditations for the company, including ISO 27001 ISMS and ISO 27701 PIMS from Intertek, a globally renowned accreditation body founded by Thomas Edison. Besides, DigiFortex helped the company with implementing SOC 2 Type II and by getting CPA attestation.
Besides, DigiFortex v-CISO team worked closely with the Sales Team of this company and shortened its Sales Cycle by owning up Security, Privacy, GRC, compliance questionnaires that typically derails procurements/sales. Many a times, DigiFortex also took up crucial 1-on-1 discussions and representations with potential North American CISOs, CIOs, security officer, procurement teams that helped fast-track sales for this Financial services company.
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