Cloud Security 2024 Fortune 500 Financial Institution

Multicloud Security for Leading Financial Institution

Design and implementation of unified cloud security strategy for GCP, OCI, IBM Cloud, Azure and Microsoft 365 environments at one of Spain's largest financial institutions.

Category

Cloud Security

Year

2024

Team size

8 people

Timeline

18 months

project.preview
Multicloud security architecture with monitoring dashboards

Challenge

The financial institution operated across 4 different cloud providers (Azure, GCP, OCI, IBM Cloud) plus Microsoft 365, with fragmented security policies, limited cross-environment visibility and regulatory compliance risk. Complexity multiplied attack vectors and hindered unified incident response.

Solution

Implementation of unified Cloud Security Posture Management (CSPM) strategy with cross-cloud event correlation, federated security policies and centralized governance model. Deployment of hybrid SIEM with automated detection and response capabilities across all 5 environments.

The Multicloud Security Challenge

Project Context

Tier-one financial institutions operate in increasingly complex cloud ecosystems. This project addressed one of the sector’s most significant challenges: consistently and efficiently securing multiple cloud environments while maintaining strict regulatory compliance required by the Spanish and European financial sector.

Initial Complexity

Cloud Providers in Scope:

  • Microsoft Azure: Primary workloads and Microsoft 365
  • Google Cloud Platform: Advanced analytics and BigQuery
  • Oracle Cloud Infrastructure: Legacy systems and critical databases
  • IBM Cloud: Modernized mainframe applications

Identified Issues:

  • 4 different security consoles without correlation
  • 847 inconsistent security policies across providers
  • 23 security tools with functional overlap
  • Average detection time: 4.2 hours
  • East-west traffic visibility gap

Unified Security Architecture

Cloud Governance Framework

Layer 1: Federated Policies Development of security control catalog mapped to:

  • CIS Benchmarks (Azure, GCP, OCI)
  • Spanish financial regulation (Bank of Spain)
  • DORA (Digital Operational Resilience Act)
  • PCI-DSS v4.0

Layer 2: Centralized Visibility

┌─────────────────────────────────────────────────────────┐
│                   Centralized SIEM                       │
│              (Microsoft Sentinel + Chronicle)            │
├─────────────────────────────────────────────────────────┤
│  Azure Logs  │  GCP Logs  │  OCI Logs  │  IBM Logs     │
│  Defender    │  Chronicle │  Cloud     │  QRadar       │
│  for Cloud   │  Security  │  Guard     │  Integration  │
└─────────────────────────────────────────────────────────┘

Layer 3: Automated Response Unified response playbooks operating cross-cloud:

  • Automatic isolation of compromised workloads
  • Credential revocation across all providers
  • Escalation based on asset criticality

Cloud Security Posture Management

Continuous Assessment:

  • Configuration scanning every 15 minutes
  • Automatic drift detection
  • Integrated remediation workflows
  • Real-time compliance scoring

Posture Metrics:

  • Unified Security Score: 94/100
  • Critical misconfigurations: 0 (from 234 initial)
  • Compliance gaps: 2% (from 34% initial)

Results and Metrics

Detection Improvement

MetricBeforeAfterImprovement
MTTD (Mean Time to Detect)4.2 hours23 minutes91%
MTTR (Mean Time to Respond)6.8 hours45 minutes89%
False Positive Rate67%12%82%
Asset Coverage62%99.7%61%

Regulatory Compliance

Frameworks Achieved:

  • PCI-DSS v4.0: 100% controls
  • DORA: 98% readiness
  • ENS High: Certification obtained
  • GDPR: Demonstrated compliance

This project established a reference model for multicloud security in the Spanish financial sector, demonstrating that high security standards can be maintained while leveraging the flexibility of multiple cloud providers.

Results

  • 67% reduction in cross-cloud threat detection time
  • Unification of 847 security policies into coherent framework
  • 98% compliance with financial regulations (PCI-DSS, DORA)
  • 45% reduction in exposed attack surface
  • Centralized visibility of 12,000+ cloud assets

Technologies

☁️ Azure
🔧 GCP
🔧 OCI
🔧 IBM Cloud
🔧 Microsoft 365
🔧 Defender for Cloud
🔧 Chronicle
🔧 Sentinel

Project Information

Category Cloud Security
Year 2024
Client Fortune 500 Financial Institution
Timeline 18 months
Team size 8 people