Belfius: Strengthening Cybersecurity with Freelance IT Security Engineers

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Belfius: Strengthening Cybersecurity with Freelance IT Security Engineers

Case study

Client Background

Belfius Bank & Insurance, a leading Belgian financial institution, serves over 4 million customers with banking, insurance, and investment services. As a digital innovator, Belfius focuses on mobile banking and cloud migration, prioritizing cybersecurity amid rising fraud threats and EU regulations like GDPR and DORA.

The Challenge

In 2023, Belfius aimed to modernize its IT infrastructure and enhance security for 1.5 million mobile users. Key challenges included:

Talent Shortage: Limited access to cybersecurity experts for mobile security and AI-
driven fraud detection.
Rapid Scaling: Need for specialized skills to support cloud migration and
partnerships with IBM and Microsoft.
Cost and Flexibility: Long-term, high-impact expertise without permanent hiring
costs.

The Solution

Our firm placed five certified freelance IT security engineers with expertise in cloud security (Azure/AWS), ethical hacking, and mobile app protection. Key features:

Tailored Talent: Engineers with CISSP, CEH, and Azure certifications, experienced
in IBM Security and OneSpan tools.
Year-Long Contracts: 12-month engagements to support sustained project phases
and ensure continuity.
Seamless Integration: Collaboration with Belfius’s team for regulatory compliance.

Implementation

Starting in Q4 2023, the freelancers were onboarded within two weeks and contributed to:

Integrating OneSpan Mobile Security Suite for real-time fraud detection.
Developing Azure Machine Learning models for fraud prevention.
Conducting vulnerability assessments to ensure compliance with EU standards.

Regulatory Compliance

Improved IT controls, aligning with EU regulations. Belfius strengthened its cybersecurity and digital transformation, reinforcing its leadership in European banking