Case Study Details
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Introduction and Client Background:
Client Industry: ClearFin Advisors, a boutique financial advisory firm, needed enhanced security to protect sensitive client financial data and meet stringent regulatory requirements.
Client Pain Points: The firm was particularly concerned about ransomware attacks and phishing scams targeting their client data. They also needed to ensure SEC and FINRA compliance.
Financial Services Security Solution
Solution Provided by RSC
Service Overview: RSC provided a comprehensive cybersecurity consultation, implementing advanced email phishing defenses and ransomware protection, while ensuring full compliance with SEC and FINRA standards.
Customization: RSC tailored the phishing defenses based on ClearFin’s specific communication channels, focusing on securing email accounts and sensitive data storage to prevent unauthorized access.
Project Execution and Process
Project Timeline: The cybersecurity assessment and solution implementation were completed in 4 weeks.
Approach: RSC deployed AI-driven email filtering to catch phishing attempts, integrated ransomware detection, and conducted a thorough audit to ensure ClearFin met all regulatory compliance standards.
Challenges Overcome: Integrating the new security protocols without disrupting client-facing services was a challenge, but RSC worked closely with ClearFin’s IT team to ensure a seamless transition.
Results and Business Outcomes
Security Improvements: The firm experienced a 90% reduction in phishing attack success, with no successful ransomware incidents reported since the implementation. They also achieved full SEC and FINRA compliance.
Operational Impact for Client: The firm’s team reported 20% more time to focus on client services, as security management became largely automated.
Market Impact: ClearFin’s reputation for protecting client data improved, leading to a 10% increase in client acquisition as potential clients felt reassured about their data’s safety.
Client Testimonial
"Thanks to RSC, we can now confidently protect our clients' sensitive information and meet our regulatory obligations."
Next Steps and Future Opportunities
Ongoing Partnership: ClearFin Advisors has engaged RSC for managed security services to continuously monitor and update their defenses against emerging threats.
Scalability: As the firm grows, RSC is working to expand security measures across new locations and services.
Service Overview: RSC provided a comprehensive cybersecurity consultation, implementing advanced email phishing defenses and ransomware protection, while ensuring full compliance with SEC and FINRA standards.
Customization: RSC tailored the phishing defenses based on ClearFin’s specific communication channels, focusing on securing email accounts and sensitive data storage to prevent unauthorized access.
Project Execution and Process
Project Timeline: The cybersecurity assessment and solution implementation were completed in 4 weeks.
Approach: RSC deployed AI-driven email filtering to catch phishing attempts, integrated ransomware detection, and conducted a thorough audit to ensure ClearFin met all regulatory compliance standards.
Challenges Overcome: Integrating the new security protocols without disrupting client-facing services was a challenge, but RSC worked closely with ClearFin’s IT team to ensure a seamless transition.
Results and Business Outcomes
Security Improvements: The firm experienced a 90% reduction in phishing attack success, with no successful ransomware incidents reported since the implementation. They also achieved full SEC and FINRA compliance.
Operational Impact for Client: The firm’s team reported 20% more time to focus on client services, as security management became largely automated.
Market Impact: ClearFin’s reputation for protecting client data improved, leading to a 10% increase in client acquisition as potential clients felt reassured about their data’s safety.
Client Testimonial
"Thanks to RSC, we can now confidently protect our clients' sensitive information and meet our regulatory obligations."
Next Steps and Future Opportunities
Ongoing Partnership: ClearFin Advisors has engaged RSC for managed security services to continuously monitor and update their defenses against emerging threats.
Scalability: As the firm grows, RSC is working to expand security measures across new locations and services.