Fortifying Financial Fortresses
A Case Study on Implementing ISO 27001 for a Development Company
RedBlue24 stands as the premier Managed Security Services Provider, offering expert guidance to our clients on bolstering their cybersecurity defenses. This case study delves into the critical security vulnerabilities identified within their network architecture, demonstrating our proactive approach to addressing and mitigating potential risks.
Background
A financial institution dealing in banking services and credit card business is based out in America with many branches spread across several cities. As part of PCI DSS compliance requirements, we have received a request to perform annual Network Penetration Testing and Technical audits.
Our Approach
A team of certified Ethical Hackers from RedBlue24 is engaged to conduct the Network Penetration Testing. The methodology involves a combination of automated tools, manual testing, and ethical hacking techniques. The assessment is conducted in several phases based on agreed scopes:
- Reconnaissance
- Scanning and Enumeration
- Vulnerability Assessment
- Exploitation (Based on agreed Scope)
- Technical Audits on findings
This approach has been referenced from Penetration Testing Execution Standard (PTES) and validated the controls from PCI DSS 3.2.4
Results
The Penetration Testing team successfully identified several critical vulnerabilities including public facing vulnerable open ports, Firewall misconfigurations allowing unauthorized traffic, Lack of proper Network segmentation and weak encryption standards.
The Network Penetration Testing exercise provided valuable insights into the security posture of this Financial Institution by addressing the identified vulnerabilities and implementing the recommended improvements. Based on these testing results, they can significantly enhance its overall security resilience and maintain the trust of its customer in the digital age.
Background
A financial institution dealing in banking services and credit card business is based out in America with many branches spread across several cities. As part of PCI DSS compliance requirements, we have received a request to perform annual Network Penetration Testing and Technical audits.
Our Approach
A team of certified Ethical Hackers from RedBlue24 is engaged to conduct the Network Penetration Testing. The methodology involves a combination of automated tools, manual testing, and ethical hacking techniques. The assessment is conducted in several phases based on agreed scopes:
- Reconnaissance
- Scanning and Enumeration
- Vulnerability Assessment
- Exploitation (Based on agreed Scope)
- Technical Audits on findings
This approach has been referenced from Penetration Testing Execution Standard (PTES) and validated the controls from PCI DSS 3.2.4
Results
The Penetration Testing team successfully identified several critical vulnerabilities including public facing vulnerable open ports, Firewall misconfigurations allowing unauthorized traffic, Lack of proper Network segmentation and weak encryption standards.
The Network Penetration Testing exercise provided valuable insights into the security posture of this Financial Institution by addressing the identified vulnerabilities and implementing the recommended improvements. Based on these testing results, they can significantly enhance its overall security resilience and maintain the trust of its customer in the digital age.