Case Study: Financial Services Firm achieves reduced third-party risk and operational cost savings with eSentire

Fraudulent Transaction Illuminates Third-Party Risk

Financial Services Firm engaged eSentire after a failed audit exposed a fraudulent transaction originating from a compromised third party. The firm struggled with limited time and resources, informal third‑party risk policies, and poor visibility across 50+ vendors with network or data access; they contracted eSentire’s Virtual CISO services to perform Third‑Party Risk Assessments.

eSentire assigned a dedicated Virtual CISO Security Strategist who updated the firm’s third‑party risk policies, formalized mandatory annual and bi‑annual assessments, and executed tailored risk assessments on 10 critical/high‑risk vendors, benchmarking findings against eSentire’s NIST‑based Security Framework. The engagement produced a prioritized remediation plan, improved the firm’s security posture, halted further costly CISO recruiting, freed IT and compliance to focus on other work, and delivered measurable operational cost savings tied to the 10 completed assessments.