A leading financial institution in the United States must comply with regulations including PCI DSS, GDPR, FFIEC, CCPA, SOC 1 and SOC 2 for the Organization to deliver its new, agile business strategy.
The Challenge
Over the past 120 years, the Organization has built a reputation in banking and capital markets. In recent years, the Organization embarked on a new strategy, carving out parts of the business so it could focus on its position as the leading provider in the U.S. region. At this point, the company contacted E Com Security Solutions for help assessing its technology systems and compliance with regulations, including PCI DSS, GDPR, FFIEC, CCPA, SOC 1 and SOC 2. A key aspect of that project involved reviewing enterprise resource planning (ERP) systems, particularly the technology that supported the finance function. The leadership team was keen to build a culture that embraces change and fosters continuous improvements.
The Solution
Having gained an in-depth understanding of the Organization’s objectives and key challenges, the E Com Security Solutions team saw an opportunity to set the company up for tremendous success in the future without undertaking an expensive technology implementation. Their innovative solution involved making smart use of both the Organization and E Com Security Solutions capabilities by deploying a managed services approach. The project drew on the E Com Security Solutions team’s technical knowledge and experience working with private equity-owned businesses. The organization’s LT also believes that a key factor in any compliance project’s success is how the organization works with stakeholders.
E Com Security Solutions also deployed an internal Vulnerability Management service, annual compliance management exercises, and compliance and certification with industry standards, including PCI DSS, GDPR, FFIEC, CCPA, SOC 1, and SOC 2.
Results
“This teamwork, allied to a pragmatic approach to problem-solving, enabled the project to be completed on deadline” the Organization LT mentioned. A combination of technology consulting and managed services has enabled organizations to support their business better.
E Com Security Solutions’ – Compliance Management
For more than 15 years, E Com Security Solutions has been at the forefront of compliance. Our One Audit solution enables organizations to perform a single audit and comply with multiple standards and regulations.
We accelerate your path to third-party assurance and certification of AICPA SOC 1 and AICPA SOC 2, ISO, PCI DSS, HIPAA, GDPR, CCPA, FFIEC/GLBA, NYDFS, CJIS, and FISMA with our specialized advisory and assessment services. We allow you to build a strong governance structure and manage compliance. You get our experience, systems, and tools to simplify compliance, no matter your industry. You keep complete control of audits and can feel assured that you are ahead of any changes in regulations—before they occur.
