Overview
Cybervergent is a comprehensive solution designed to enhance security, compliance, risk, and privacy management for organisations.
The platform operates across cloud and on-prem environments and integrates with existing infrastructure, APIs, logging systems and security operations workflows.
For financial institutions and fintechs, Cybervergent provides continuous protection and governance so sensitive customer data and transaction systems remain secure, auditable and resilient.
The Challenge
A large financial institution was struggling with fragmented risk reporting, making it difficult to accurately classify risks (High, Medium, or Low) based on their potential impact on core business functions like lending, payments, or trading. They lacked a centralized system to differentiate between technological, operational, and third-party risks.
Financial Services operate under intense regulatory scrutiny, requiring strict adherence to global standards for risk management and governance. The rapidly evolving threat landscape (especially around digital identity fraud and data exposure) demands proactive risk management to protect business continuity.
Without clear risk ownership and real-time insights, the firm was susceptible to critical risks escalating before intervention. This exposed the business to potential disruptions, delayed regulatory compliance reporting, and jeopardized stakeholder trust.
The Solution
The Cybervergent Platform's Risk Posture Management (RPM) solution helped the financial services institution achieve comprehensive risk control by enabling:
Real-Time Risk Insights: Empowering decision-makers with instant access to critical risk data, allowing for timely and informed decisions to protect business continuity.
Risk Mitigation Planning: Defining and implementing preventive, detective, and corrective measures to strategically reduce risk exposure across business units.
Clear Accountability & Ownership: Assigning risk owners (e.g., department heads) and tracking resolution progress to ensure each risk is actively addressed.
Continuous Risk Monitoring: Tracking risk status and emerging threats across all critical systems and business units, supporting regulatory alignment.
The Results
By implementing Cybervergent's RPM solution, the financial institution achieved strengthened its ability to withstand and recover from unforeseen events. The real-time visibility empowered decision-makers with instant access to critical risk data, thus minimizing potential disruptions by proactively addressing high-priority risks. This enhanced accountability and ensured that practices align with global standards, which also supports their regional regulatory compliance goals.
