An internal assessment of a leading industrial equipment manufacturer identified critical cybersecurity risks, including documentation gaps, an absence of a structured program for IT security oversight, inadequate risk assessment and mitigation strategies, and uncontrolled access and collaboration practices compromising data security. A number of privileged accounts were additionally going unmonitored and unaccounted for in their security monitoring profile, opening the door for multiple attacks. They engaged BridgeView to analyze their identified vulnerabilities and strengthen their cybersecurity posture.
BridgeView’s Principal Consultant and Cyber Security Expert conducted a thorough analysis, which included reviewing existing IT policies and procedures, assessing team skillsets for optimal security implementation down the road, conducting a security gap analysis to identify opportunities for immediate improvement, and benchmarking and scoring the client’s cyber maturity against industry standards. Recommendations identified through this process included:
• Addressing Documentation Gaps: We addressed nearly 30 documentation gaps, defining IT security policies, data mapping, and operational accountability.
• Centralizing the Knowledge Base: A "Cyber Book" was implemented for centralized storage and management of IT security policies and procedures to ensure consistent enforcement and enhance preparedness
• Formalizing Governance: A Security Governance Committee with leadership representation was established to oversee security initiatives and establish clear ownership and accountability for cybersecurity within the organization.
• Managing Privileged Accounts: An identity security platform was implemented to manage and monitor privileged accounts, reducing the risk of unauthorized access to critical systems and data.
BridgeView's targeted measures empowered the client to move beyond vulnerability. We established a fortified security posture, mitigating immediate threats and building resilience against future cyberattacks. This translated to:
• Reduced Risk of Financial Loss: Stronger cybersecurity defenses minimized the potential for future costly data breaches and operational disruptions.
•Enhanced Business Continuity: By safeguarding critical systems and data, the client was better able to ensure uninterrupted operations and protect their proprietary resources.
• Improved Compliance: A robust security framework facilitated compliance with industry regulations and data privacy laws.
Beyond Breach Prevention: Taking a holistic approach to cybersecurity safeguards not just data, but business continuity and brand reputation. BridgeView's work transformed the client's security posture, mitigating immediate threats and building sustained resilience against evolving cyberattacks.