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
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
| Metric | Before | After | Improvement |
|---|---|---|---|
| MTTD (Mean Time to Detect) | 4.2 hours | 23 minutes | 91% |
| MTTR (Mean Time to Respond) | 6.8 hours | 45 minutes | 89% |
| False Positive Rate | 67% | 12% | 82% |
| Asset Coverage | 62% | 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