The Challenge

A top-tier multinational bank, with over three decades of business, embarked on its cloud journey. While the migration of non-sensitive applications progressed smoothly, the project hit a roadblock as the focus shifted to confidential data. Over 80% of the bank’s applications contained highly sensitive information, creating security concerns for the C-suite. This led to a one-year standstill in the migration process. This is a challenge that is not unique, we have seen many companies have a strategic pause when trying to determine if they have the correct controls in place for their risk appetite.

To continue the migration and comply with security and governance mandates, the bank needed to ensure that appropriate governance, processes, and controls were in place to manage the risks of handling confidential data in the cloud.

Key Challenges

• Data Confidentiality: More than 80% of the bank’s applications involved highly sensitive data, which created a significant security challenge.
• Governance and Compliance: The bank’s management demanded robust security governance and control frameworks to confidently migrate sensitive data to the cloud.
• Stalled Migration: The initial fast-paced migration was halted due to concerns over inadequate security controls, resulting in a year-long standstill.

Solution

TrustOnCloud was brought in to address these critical security and compliance challenges by implementing a structured, risk-based approach.

The Security, DevOps, and Governance Risk Compliance (GRC) teams leveraged TrustOnCloud’s ThreatModels to collaborate and clarify each team’s objectives. These threat models helped the teams build confidence in their cloud migration process by identifying and mitigating risks. Through this approach, they ensured that the migration of sensitive applications was securely executed.

TrustOnCloud also introduced OverWatch, which provided ongoing monitoring capabilities. This solution was integrated into the bank’s operations to ensure continuous compliance and ongoing security monitoring, enabling the bank to maintain control over sensitive data and mitigate emerging threats.

Results

TrustOnCloud’s involvement allowed the bank to resume its cloud migration with full confidence in the security of its data. The integration of ThreatModels and OverWatch ensured that the migration process adhered to strict security standards without compromising efficiency.

As a result, over 80% of the bank’s confidential applications were successfully migrated to the cloud without any data breaches or security incidents. The bank achieved full compliance with both internal governance policies and external regulatory frameworks, further reinforcing its secure cloud operations.

TrustOnCloud’s security measures also enhanced operational efficiency by enabling seamless collaboration between the security and DevOps teams.