Banking

Client: Global Bank

Location: Singapore and Australia

Situation: Client had an audit finding regarding the handling of their vendors. The client was given 6 months to resolve the findings.

Ask: The client asked ARInnovate to establish a new cyber security vendor management process on par with industry and in compliance with regulatory requirements.

Our Solution: We implemented the following initiatives :

• An automated process that will provide the cyber security department visibility over vendors onboarded by the different departments.
• Categorisation of vendors specific to cyber security
• Negotiated the addition of new security clauses in supplier agreements with key vendors
• Implemented ongoing monitoring and regular assessment of vendors
• Conducted assessment of more than 70 vendors.