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From High Risk to Controlled: How Coforge Transformed Vulnerability Management for a Financial Firm

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Overview.

Our client, a US-based technology and financial services provider that offers technology solutions such as analysis reporting, ERM dashboards, audit tools as well as infrastructure and legal services. They sought to enhance their security posture and mitigate risks associated with an inefficient vulnerability management system. This case study details how Coforge partnered with the client to implement a robust vulnerability management framework, automating and standardizing processes to achieve significant improvements in security and risk reduction. 

Challenges.

  • High Security Risk: The IT environment was at significant risk due to inefficient remediation and patch management processes.
  • Need for Timely Remediation: The customer required on-time implementation of vulnerability remediation.
  • Lack of a Robust Framework: There was an absence of a standardized and robust vulnerability management framework.
  • Ongoing Management: The customer needed continuous vulnerability management services to maintain security.

Solution.

Coforge partnered with the client to deliver a multi-faceted solution: 

  • Workshops & Assessment: Conducted workshops to understand the client's specific needs and environment.
  • Rapid Remediation: Utilized Coforge's MASTER services to quickly bring systems up to date with the latest patches.
  • Robust Framework: Implemented a vulnerability management framework based on industry standards and best practices.
  • Ongoing Management: Delivered ongoing vulnerability management using Coforge’s MASTER services.
  • Risk-Based Vulnerability Management: Provided automated scanning, business contextualized and risk-based vulnerability management services to reduce the risk profile of the customer’s IT environment

The Impact.

Metric Before After
Organization Risk Rating High Medium
Vulnerability Life Cycle > 90 days < 60 days
Patch Level Multiple outdated versions Latest versions within 60 days
Visibility into Vulnerabilities Limited Automated vulnerability scanning and detailed reports of the process

 

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