Valid8 Financials

How Security Consultants helped Valid8 Financials to automate their compliance processes and achieve multiple certifications

From risk assessments to threat mitigation, our case studies highlight real-world challenges and the tailored cybersecurity solutions that protect our clients’ most valuable assets.

Case Study Result

Valid8 Financials maintained SOC 2 Type II, HIPAA, and achieved GDPR compliance in less than six months, saving time and money and increasing customer trust and satisfaction. The company also gained a competitive edge in the market and was able to pursue new opportunities and contracts that required high standards of security and privacy. Thanks to the Vanta tool and the Security Consultants team’s support, the company also benefited from continuous monitoring and improvement of its security posture.

Challenge

Valid8 Financials is the global leader in Verified Financial Intelligence (VFI) and is used on the highest profile, most complex bankruptcy, fraud, and cryptocurrency cases in the world. The company provides a platform running on AWS that handles extremely sensitive financial data. Valid8 Financials, despite achieving SOC 2 Type II attestation, was burdened with manually operated security and compliance efforts. The SOC 2 audit process was a tedious and time-consuming task, draining the resources of the engineering team. The company was also in need of GDPR, HIPAA, and FedRAMP compliance, and was seeking an efficient and cost-effective way to establish a multi-compliance framework

Solution

The Security Consultants team identified the requirements via a series of interviews with the stakeholders and recommended the implementation of Vanta, the most advanced compliance automation tool. The team helped Valid8 implement and utilize Vanta, streamlining the SOC 2 evidence collection process and reducing the effort and timeline of the SOC 2 process by 70%. In addition, the Security Consultants team has implemented all relevant technical and organizational controls required for HIPAA and GDPR and conducted a detailed Data Privacy Impact Assessment.

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From risk assessments to threat mitigation, our case studies highlight real-world challenges and the tailored cybersecurity solutions that protect our clients’ most valuable assets.