- 1009, 10th Floor, Sakar - IX, Navrangpura, Ahmedabad
- 1009, 10th Floor, Sakar - IX, Navrangpura, Ahmedabad
Regulatory Audits for BFSI
We conduct IS/cyber security audits as per regulatory guideline line like RBI/NABARD/IRDAI/SEBI etc.
Our comprehensive audits for banking/Insurance and other financial sectors help clients to remain compliant as per respective regulatory guidelines.
Banking Sector
The Reserve Bank of India (RBI) cyber security audit methodology is designed to assess the cybersecurity posture of banks and financial institutions in India.
Objectives
- Evaluate the effectiveness of cybersecurity controls.
- Identify vulnerabilities and weaknesses.
- Assess the gaps and non-compliances
- Meet compliance with RBI guidelines and regulations.
- Provide recommendations for improvement.
Methodology
- Define audit scope and objectives.
- Identify critical systems and assets.
- Gather information on cybersecurity policies and procedures.
- Identify potential cyber threats and vulnerabilities.
- Assess risk likelihood and impact.
- Prioritize risks based on severity.
- Network security assessment (firewalls, routers, switches).
- System security assessment (servers, workstations, databases).
- Application security assessment (web, mobile, APIs).
- Data security assessment (encryption, backup, storage).
- Evaluate compliance with RBI guidelines and regulations.
- Assess adherence to industry standards
- Conduct vulnerability scanning and penetration testing.
- Identify potential entry points for attackers.
- Compile audit findings and recommendations.
- Provide prioritized remediation plan.
- Present audit results to stakeholders.
Audit Team
The audit team should consist of experienced professionals with expertise in cybersecurity, IT, and auditing.
Documentation
Maintain detailed audit records, including:
- Audit plan and scope.
- Risk assessment reports.
- Technical assessment reports.
- Compliance assessment reports.
- VAPT reports.
- Remediation plan.