Eliminating Cybersecurity Gaps to Achieve SOC2 Certification and Win $4.2M in Contracts

Challenge

A mid-sized engineering firm hired Cykur to conduct a comprehensive digital risk assessment after several major enterprise clients began demanding proof of cybersecurity maturity as part of their vendor risk management programs. The assessment revealed significant gaps in their security posture: an outdated incident response plan, weak access controls, unencrypted sensitive data transfers, and the absence of third-party security attestations that competitors already showcase.

Solution

Working with Cykur’s guidance, they established a thorough risk mitigation program, starting with developing security policies and procedures aligned with SOC2 standards. They deployed multi-factor authentication across all applications, implemented encrypted data-handling protocols, secured browsers, and set up continuous monitoring systems through an external Security Operations Center.

Results

Within a year, they earned SOC2 Type II certification, transforming what was a sales liability into a competitive advantage. The certification became a key differentiator in RFP responses, helping them win three major contracts worth $4.2 million that they previously might have lost to certified competitors.
Additionally, their cyber insurance premiums decreased by 15% due to their noticeably improved security posture, while current clients renewed contracts with greater confidence in the engineering firm’s commitment to safeguarding their shared digital environment.

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