Netwrix > Case Studies > Credissimo Achieves GDPR Compliance and Reduces Audit Time by 85% with Netwrix

Credissimo Achieves GDPR Compliance and Reduces Audit Time by 85% with Netwrix

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Technology Category
  • Cybersecurity & Privacy - Security Compliance
Applicable Industries
  • Consumer Goods
  • National Security & Defense
Applicable Functions
  • Quality Assurance
Use Cases
  • Leasing Finance Automation
  • Tamper Detection
About The Customer
Credissimo EAD is a leading European FinTech Group, founded in 2007. It is one of the most dynamically developing structures in the non-banking financial sector, providing technology-driven digital consumer finance services to individuals. The company operates across several European and Latin American markets. Its innovative proprietary technology, combined with superior customer service, enables the company to deliver unmatched efficiencies and state-of-the-art consumer finance solutions. Credissimo constantly strives to push the technological boundaries to their limits in order to be at the innovation frontier of the FinTech industry.
The Challenge
Credissimo, a leading European FinTech Group, faced the challenge of securing the financial and personal data of its employees and customers. The company needed to pass annual financial audits and confirm compliance with the General Data Protection Regulation (GDPR) and ISO/IEC 27001. The task was complex and time-consuming, requiring a week to generate reports on security controls. The challenge was further compounded when GDPR came into effect, necessitating the hiring of a data protection officer (DPO) and the need for daily activity reports on changes to security group memberships and logons outside business hours.
The Solution
Credissimo opted for Netwrix Auditor, a cost-effective and user-friendly solution with features tailored for compliance, such as predefined reports and user activity monitoring. Netwrix Auditor provided visibility across all servers where sensitive data resided, enabling Credissimo to monitor changes and activities and promptly respond to file deletions, bulk copy operations, and other anomalous events. The solution also offered out-of-the-box compliance reports mapped to ISO/IEC 27001 controls, reducing the time taken to prepare for audits. With Netwrix Auditor, it now takes just one day to generate reports on security controls. The solution also provided daily reports on changes across Active Directory and Group Policy and alerts on critical ones, increasing the accountability of system administrators and enabling prompt action to avoid outages and service interruptions.
Operational Impact
  • The implementation of Netwrix Auditor resulted in continuous compliance with GDPR and smooth financial audits. It also enhanced the security of business-critical data and improved user accountability. The solution's visibility across file servers enabled Credissimo to monitor changes and activities, promptly respond to anomalous events, and avoid data overexposure. The daily reports on changes across Active Directory and Group Policy increased the accountability of system administrators, enabling the company to spot potential issues and take prompt action to avoid outages and service interruptions.
Quantitative Benefit
  • 350,000 unique customers served
  • €147M loans granted to date
  • 85% faster audit report generation

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