Overview

As financial institutions accelerate cloud adoption, securing data, workloads, and infrastructure across hybrid and multi-cloud environments is essential. A modern cloud security strategy balances innovation and risk, integrating threat detection, identity management, and continuous compliance to protect sensitive data, ensure regulatory alignment, and support long-term resilience. Cloud security is more than a defensive strategy — it is an enabler of innovation, resilience, and long-term digital transformation.

Why It Matters

Cloud security is essential for protecting sensitive data, ensuring regulatory compliance, and maintaining stakeholder trust in an evolving digital landscape. As organizations adopt cloud technologies to drive agility and scalability, their exposure to cybersecurity threats grows. Effective cloud security mitigates operational and financial risk, enables secure innovation, and protects organizational reputation.

Data In Motion, Data at Risk:

With sensitive data constantly moving across cloud environments, the risk of breaches, leaks, and unauthorized access rises. Without robust encryption and access controls, that data becomes an easy target.

Shared Responsibility Model Complexity:

Banks increasingly rely on third-party cloud service providers (CSPs) to manage infrastructure. This introduces dual responsibility: the CSP must implement robust controls, while the organization must govern, validate, and monitor those controls. The bar is higher for financial services, demanding extra scrutiny and delineation of responsibilities.

Regulatory Compliance Pressure:

Frameworks such as GLBA, SOX, NYDFS, PCI-DSS, NIST, CRI, and GDPR mandate strict security and access controls for cloud-hosted data. Non-compliance isn’t just a risk — it’s a legal and financial liability.

Complex Architecture, Complex Risk:

Modern cloud environments involve a web of services, vendors, and integrations. This architectural complexity can create visibility gaps and vulnerabilities, making secure integration and continuous monitoring essential.

How Capco Can Help

We partner with our financial services clients to implement comprehensive cloud security programs that reduce operational costs, safeguard data and technology assets, and ensure compliance with cybersecurity and financial regulations. Our approach enables strategic cloud adoption through a defense-in-depth model aligned with regulatory frameworks and industry best practices.

Our Cloud Security Model:

We've developed a cloud-specific security framework and solution designed to enable secure, cloud technology deployments.

Success Story: Cloud Security Compliance

Client: Large US Bank

Client Challenge

A large financial institution was looking to remediate critical cybersecurity compliance gaps across their AWS and Azure environments. In parallel, the organization desired greater transparency into task completion with formalized communication and escalation protocols. We delivered automated, scalable solutions to embed compliance and strengthen cloud security.

Capco’s Solution

Secured privileged access in the cloud by enabling Just-in-Time access and Privileged Usage Gateway
Secured and operationalized AWS and Azure data classification solutions for structured and unstructured data
Designed and implemented security alert notifications for AWS, Azure AD, and Sentinel

Client Outcomes Achieved

Compliance-as-Code operationalized for cloud security baseline configuration compliance
Ability to monitor workloads and applications across multi-cloud environments

Success Story: Cloud Support for Digital Banking Operations

Client: European G-SIB

Client Challenge

A European global systematically important bank (G-SIB) needed a secure, compliant, and scalable cloud ecosystem to support its digital banking operations. We partnered with the client from day one to embed security into the core of their cloud transformation by designing a cybersecurity strategy tailored to their cloud environments.

Capco’s Solution

Established governance, controls, and playbooks to ensure secure, monitored cloud service usage
Executed and tested cyber controls to identify risks and support launch readiness
Performed a cyber risk assessment aligned to AWS’s shared responsibility model to strengthen vendor risk oversight

Client Outcomes Achieved

A cloud security strategy to launch of a digital bank on AWS, aligned to regulatory and industry standards
A robust AWS security architecture built on proven best practices