AtlasBank: NYDFS Compliance Journey
Client Profile
Client Type: Neobank
Size: Series C ($75M raised)
Industry: Digital Banking / BaaS
AWS Environment: Multi-region, 500+ services, 30+ microservices
The Challenge
AtlasBank, a digital-first banking platform, needed to:
- Achieve NYDFS compliance for their banking-as-a-service platform
- Secure banking partnerships and payment network access
- Implement robust security controls for customer data
- Scale their security program across multiple AWS regions
Scope of Engagement
Ghost SecOps delivered a 120-day comprehensive engagement:
- NYDFS compliance gap analysis
- Multi-region security architecture review
- Penetration testing and vulnerability assessment
- Security monitoring and logging implementation
- Incident response program development
- Third-party vendor security assessment
- Compliance documentation and evidence collection
Our Solution
Phase 1: Assessment & Planning (Weeks 1-4)
- Conducted NYDFS compliance gap analysis
- Performed AWS architecture security review
- Mapped existing controls to NYDFS requirements
- Developed risk assessment framework
- Created 120-day implementation roadmap
Phase 2: Implementation (Weeks 5-12)
- Implemented AWS GuardDuty across all regions
- Deployed [GhostSec Compliance Monitor]
- Established centralized logging with AWS CloudWatch
- Created automated security testing pipeline
- Implemented AWS WAF rules and DDoS protection
- Developed vendor security assessment program
Phase 3: Documentation & Validation (Weeks 13-16)
- Created comprehensive security policies
- Developed incident response playbooks
- Conducted penetration testing
- Performed tabletop exercises
- Prepared NYDFS compliance evidence package
Results
- Achieved NYDFS compliance in 120 days
- Reduced security vulnerabilities by 92%
- Implemented 100% of required controls
- Automated 85% of compliance monitoring
- Secured banking partnerships worth $50M in annual revenue
Supporting Evidence
Client Testimonial
“Ghost SecOps’s deep expertise in both AWS security and NYDFS requirements was invaluable. They helped us build a security program that not only meets compliance requirements but also gives us a competitive edge in the market.”
— Michael Rodriguez, CTO, AtlasBank