Cyber Risk Assessment Success Story

Public company in the retail industry needed a partner to help them reduce their risk of cyber attacks.

Woman stands in front of windows

Business Issue 

Due to the exponential growth in recent years, this retail lender needed the assistance of Jefferson Wells to significantly reduce their risk of cyber-attacks. The organization was also under significant regulatory pressure to demonstrate they were serious about reducing their exposure. They needed a partner with deep knowledge of cyber risks to come in and perform a comprehensive evaluation of the organization’s cybersecurity program and overall security posture, and to develop a plan for closing the identified gaps. 

Solution 

Jefferson Wells came in to perform a comprehensive cyber risk assessment based on the NIST cybersecurity framework and FFIEC cyber requirements. This assessment identified key risks to the availability, integrity, and confidentiality of their information assets; identified their strengths; and zeroed in on weaknesses that presented the greatest threats to their business. The assessment also provided a roadmap for closing the gaps in their defenses, and the needed detail on how to do so in a cost effective manner. 

Results 

The work done by Jefferson Wells laid the foundation for a series of improvements including: 

 -enhancing the design of the organization’s security program; 

 -establishing security controls; and 

 -metrics for continuous monitoring.