Business Issue
A FinTech startup was preparing for significant investment, and one of the key investors required assurance that the company’s data protection and cyber risk management systems met industry best practices. The investor requested completion of the Consensus Assessments Initiative Questionnaire (CAIQ), a widely accepted benchmark for SaaS security standards, to validate the startup’s security posture.
Solution
fscom worked closely with the client’s technology team to complete the CAIQ during an onsite session, using tailored control-assertion questions that reflected the client’s specific technology setup. Prior documentation was reviewed in advance to streamline the process. fscom also provided knowledge transfer to internal stakeholders regarding expected security standards and advised on a prioritised set of next steps to enhance their cyber security framework.
Benefits
The client was equipped with a completed CAIQ assessment report aligned with investor expectations and industry standards. The process provided internal clarity on security gaps and improvements needed, ultimately strengthening the client’s position in securing investment.
Client
Feedback
The client appreciated fscom’s collaborative, knowledgeable approach and the practical guidance provided throughout the assessment. They felt more confident in both their cyber security posture and in communicating their readiness to current and future investors.
