Financial firm enhances security and compliance with Microsoft 365 and Azure

The financial industry is one of the most heavily regulated sectors with high expectations of confidentiality and data security. A financial firm based in New York with a large client base was looking to upgrade its security infrastructure and become more compliant with regulations such as FINRA, SEC, and CFPB. The company relied on outdated systems that made managing data across multiple offices and cloud applications challenging. After a thorough evaluation, the company engaged with GOBI Technologies to assess and revamp it's Microsoft 365 and Azure security and compliance posture.

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Challanges:

The financial firm had several challenges that needed to be addressed. They were:

1. Managing data across multiple offices and cloud applications
2. Protecting sensitive client data from unauthorized access
3. Complying with industry regulations
4. Maintaining security while enabling remote work

Solution:

To address these challenges, our team recommended Azure and Microsoft 365 solutions to provide the following:

1. Identity and Access Management:  Implementing Azure Active Directory to ensure that only authorized users could access sensitive data.
2. Data Protection: Utilize Azure Information Protection to classify and label data and introduce access controls to prevent unauthorized access.
3. Compliance: Use Microsoft Purview Compliance Manager to track and manage compliance reporting and tasks

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Results:

The implementation of Microsoft 365 and Azure helped the financial firm address its challenges and achieve the following results:

1. Enhanced Security: The company was able to better protect sensitive client data and prevent unauthorized access.
2. Compliance: The company was able to comply with industry regulations, reducing the risk of fines and reputational damage.
3. Remote Work: The company was able to support remote work, maintaining productivity and collaboration across multiple offices.

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Conclusion: The implementation of Microsoft 365 and Azure had a significant impact on the financial firm's security and compliance posture. The firm was able to better protect sensitive client data, comply with industry regulations, and support remote work. By partnering with GOBI Technologies as a Microsoft cloud services provider, the firm was able to achieve its objectives and maintain its reputation as a trusted financial services provider.

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