Cybersecurity & Risk Management

Strengthening cybersecurity for a leading Fin Tech company

Company Overview
  • Leading US-based auto loan refinance provider
  • 2M+ applications monthly
  • $1B annual revenue
Tech Overview
  • 1M Customers
  • 1k+ Operations team
  • 500+ Lender network

Business & Technical Challenges

  • Protection from rising cyber-attacks and data theft in the finance industry
  • Development of a security-first mind-set to build secure applications from day-one
  • Set-up of security systems historically an after-thought
  • Frequent manual customization needed for existing vulnerability management tools that relied on an old, rules-based architecture that required frequent manual customization

Canterr's Solution

  • Conducted a comprehensive risk assessment, built robust threat modeling and established framework for secure software development
  • Designed/developed a web-based threat modeling tool with an intuitive user interface, aligned with their enterprise architecture
  • Automated and standardized the info sec risk assessment processes
  • Customized existing code quality monitoring tool & security testing workflows to enable early detection of security issues during the application lifecycle
  • Developed secure coding rules and defect remediation guidelines
  • Developed a powerful AI-based algorithm to determine the risk ranking of various applications based on multi-factor analysis
  • Trained app developers on the new development framework

Results

  • Significant improvement in enterprise-wide security posture
  • Achieved zero-defect goal for secure applications and identified defects in early stages of the SDLC
  • Accelerate time to market
  • 60% reduction in IT risk management spend and 35% reduction in application development time
  • Streamlined security management across all applications and reduced time on security operations
  • Standardized application risk assessment framework & greater visibility into the enterprise-wide security status