The Business Problem
A leading tech company in the United States found themselves compromised by cybercriminals entering through a third party in the supply chain despite having a robust cybersecurity control system. The company lacked visibility into the security practices implemented by third parties and continued sharing sensitive information with them. This restricted them to
- Shift their security program to Cloud and DevOps teams.
- Decrease the entry points of malicious actors and made them more vulnerable to DDoS attacks.
The increasing need to integrate security practices within the DevOps process compelled the client to engage with SpendEdge and leverage their IT risk management solutions and formulate DevSecOps.
Ensuring IT risk management is critical for tech companies to survive in the rising competitive landscape. Request a free proposal and access our complete portfolio of IT risk management solutions.Request Free Proposal
Solutions Offered and Client Journey
The specialists at SpendEdge worked to bridge traditional gap between IT and security process of the company while ensuring fast and safe delivery of code. They replaced the silo thinking with increased communication among departments and took the responsibility of IT risk management during different phases of the delivery process for the client.
The IT risk management services rendered to the client enabled them to integrate security protocols in the development process. The DevSecOps approach involved different aspects such as change management, compliance monitoring, thread investigation, vulnerability assessment, and security training. The IT risk assessment methodology harnessed the power of agile methodologies and addressed security threats in real-time while maintaining the viability and success of the business.
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Key Findings and Outcome
Improved ROI in Existing Infrastructure
The IT risk management strategies helped the client reap the benefits of increased security and security controls that are crucial to prevent costly downtimes. The DevSecOps offered more opportunities to the tech team for automated builds and quality assurance testing while making assets work on high-value work. For detailed insights on IT risk management services, request for more information.
Increased Operational Efficiency Across Security
DevSecOps and IT risk management added robust security methods to traditional DevOps practices increasing the speed and agility for security teams. Better communication and collaboration among departments increased the client’s understanding of cyber exposures and improved their operational efficiency.
What are the Steps in IT Risk Management Process?
IT risk management is a process implemented by IT companies to balance economic and operational costs to ensure the protection of data and information systems supporting organizational operations. It helps organizations to manager risks impacting ownership, operations, and services in the large enterprise system. The key steps involved in the IT risk management process are:
- Assessment: Risks are identified and assessed for severity to plan strategies proactively.
- Mitigation: IT risk management strategies are implemented to reduce the impact of those risks.
- Evaluation: The evaluation of the effectiveness of any countermeasures (along with their cost-effectiveness) based on the actions taken.