Case Study: a global financial services firm gains cloud risk visibility with Grant Thornton LLP

Global Financial Services Firm reviews 25+ cloud controls with Grant Thornton LLP

The customer, a global financial services firm, faced the challenge of understanding and mitigating its cloud concentration risks to reduce dependence on a single provider and increase resiliency following wide-scale outages. It engaged the vendor, Grant Thornton LLP, and utilized its Risk Advisory services to review controls and guide audit planning.

Grant Thornton implemented a solution that involved reviewing over 25 controls across five operational risk areas and assessing multiple controls across five governance risk areas. The result was that the bank gained clear visibility into its cloud concentration risks and practical insights to guide its audit planning and strengthen its cloud risk strategy. The engagement laid the groundwork for more informed decision-making and consistent oversight across its cloud environments.