Securing business data

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How a Global Asset Management Firm mitigated the Risk of Cyber Threats with CNS Group’s Managed Security Services

by Giulia Foss | 14 Jan 2019
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Introduction

The Head of Information Security at a Global Asset Management Firm, backed by the senior management team, wanted to ensure the cyber security of their organisation evolved to meet with the increasing complexity of threats. Although the firm had an existing Security Operations Centre (SOC) service in place from another supplier, they needed a service that provided more assurance. This meant sourcing a SOC service that was not just viable for commercial entities but finding one that was accredited to monitor critical networks such as government & public sector networks. Having assessed a number of different cyber security companies, the  CNS Group’s offering was the most compelling and comprehensive, as they were able to offer the level of security and monitoring required from their dedicated UK based Cyber Security Operation Centre (CSOC).

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Client overview

The client is a global investment management company that operates within a number of areas including equities, fixed income, property and private equity. Its product portfolio also includes a range of hedge funds. Operating within a highly regulated market as well as being a recognised global presence -managing more than £300

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 billion in assets- means they treat cyber security as a priority. As such the company wanted to achieve the highest level of protection for their networks and assets, this meant investing in 24/7/365 Managed Security Services. Having looked at a number of different providers, they chose CNS Group to fulfil this role.

“Having engaged with CNS Group, we were able to get a real overview of the company and how they worked, the fact they provide Managed Security Services to government entities was key for us in trusting the robustness of their service, this coupled with their in-house expertise and depth of experience made them the perfect fit for this project” Head of Information Security Europe

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The challenge

The client had an existing organisation in place providing Security Operation Centre services (SOC ), however, as time progressed the services they were receiving were not holistic or robust enough to cope with the increasing danger of cyber-attacks, as well as future demand the company was likely to experience upon growth. With increasing assets and a need for bespoke technology to meet the complexQuote2- Assest Managers requirements of their environment, the client needed a new SOC service, however, they were resolute there could be no disruption when switching.

“There is always a concern when switching something as fundamental as our SOC services. This kind of upheaval can be detrimental to a company, particularly one such as ours. Working with CNS Group completely mitigated our concerns and the risk attached. Their pragmatic approach and in-depth knowledge meant they were able to scope the project correctly and meet our requirements, providing a SOC service that is government accredited, without disruption and  in record time.” Head of Information Security Europe

As with any project there were several challenges, the major one was around swapping out the existing SOC service. The other was in relation to the size of the company & scale of the project, which ran across multiple departments. CNS Group also came in from from a standing start, without ever having worked with the global investmentQuote3- Assest Managers management company before, this presented a challenge in that CNS had to very quickly understand the business. It was crucial that the scope of the project was right first time, as there was no room for error.

The project needed to:

  • Redefine the SOC services that the company required
  • Define the scope of the business now and in the future
  • Provide a comprehensive SOC service covering the client’s fundamental assets

“The biggest challenge when it comes to this kind of project is time, a crucial element, however, what’s also an imperative is getting it right! There are no second chances when it comes to securing data and networks, particularly in our industry. CNS Group was able to effectively deliver on both counts first time around” Head of Information Security

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The Solution

The project was complex and extensive in scope and with no existing relationship, the client & CNS Group had to work together quickly and efficiently.

Initially CNS Group conducted a detailed audit and gap analysis to fully understand the company’s assets and their current security standing. This analysis enabled CNS Group to fully scope the project, understanding where the boundaries needed to be set to give the client  a comprehensive SOC service

Once analysis had been conducted and the scope was defined, CNS Group put together a road map and practical plan that:

  • Redefined the scope of the business requirements, providing the client with a holistic solution enabling them to meet current and future requirements as they evolve
  • Addressed the maintenance & security of systems and applications
  • Offered best of breed technology platforms, developing bespoke technology to meet the specific needs and requirements that client had.

Changes to the existing scope of the SOC and how it was managed, ensured that the client met all their security requirements.

The government accredited Managed Security Service provided by CNS Group also ensures:

  • Threat Monitoring & Management
  • Vulnerability Management
  • Investigation of threat alerts
  • Incident response
  • Protective Monitoring

 “CNS Group coming in with their expertise at the point they did was key in defining the outcome. Getting this right meant that we were able to move forward quickly and get the SOC we needed instated to meet our stakeholder needs as well as surpass stringent industry requirements and regulations” Head of Information Security

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Key Business Benefits

The benefit of implementing CNS Group’s Managed Security Services has meant de-risking the client’s environment from a potential hack. The environment is secure, with constant monitoring of networks and key assets. This allows the client to provide peace of mind to their shareholders, strengthening relationships and translating into a positive impact on profits.

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