CyRAACS SERVICE

Consulting Services

Consulting services can provide the expertise and guidance needed to ensure your business is protected from malicious actors. Whether you’re looking to implement a comprehensive security strategy or simply need advice on compliance and data protection, a cybersecurity consultant can provide the support you need.

Some of the services we offer

At CyRAACS, we perform an extensive Risk Assessment to identify the inherent and residual information security risks across the organization. Based on the assessment conducted, we recommend Risk Mitigation measures to ensure the appropriate security controls are in place in line with the organization risk appetite.

Business Continuity planning is essentially a form of insurance. It gives organizations the comfort of knowing that, even if disaster strikes, the damage won’t be overwhelming.
Having an effective Business Continuity Management ensures that organizations can continue to provide an acceptable service in the event of a disaster, helping them preserve their reputation and keep revenue coming in. In the event that its key management resources are compromised, it is critical for an organization to be proactive and create a viable plan of countermeasures.

CyRAACS’s business continuity professionals provide consultancy help in identifying risks arising from third party vendor networks, managing them effectively, and planning how you can operate, improving your organizational resilience.

An Information Security Maturity Model provides a path forward and enables the organization to periodically assess where it is along that path. Our unique qualitative and quantitative assessment model is adapted from the CMMI rating scale. CyRAACS’s Maturity Model Assessment framework helps to understand the organization’s risk exposure, and the maturity of the current information security program and identify areas for improvement, we also create benchmarks against other organizations and validate that security investments have improved security posture. We also provide a roadmap with opportunities in the areas of technology, process, and capabilities for information security.

For today’s way of the data treatment, it is an easy target to expose as organizations across the world are looking at the increasing amounts of data to deal with every day, this could be through e-mails, files, transactions, etc. Hence organizations urgently need to understand what their sensitive data is and where they are so that they can deploy appropriate controls to protect it. Data Flow Analysis (DFA) is the first step toward identifying sensitive data and implementing appropriate security controls for data protection.

CyRAACS’s DFA framework covers all the stages of the data lifecycle right from data acquisition to retirement. It helps to capture an accurate picture of the data flow at various stages within the organization. The output from DFA can act as key inputs to a Digital Rights Management (DRM) or Data Leakage Prevention (DLP) tool implementation, should an organization wish to implement those tools.

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SEBI CSCRF Information Systems Audit for an Asset Management Organization

By ranjit
June 4, 2026

Strengthening Cyber Resilience & Regulatory Readiness Under SEBI CSCRF

Client Overview

An asset management organization operating under SEBI regulations managed critical investor data, financial systems, and digital operations in a highly regulated environment.

With SEBI increasing its focus on cybersecurity governance and operational resilience through the Cyber Security and Cyber Resilience Framework (CSCRF), the organization required an independent Information Systems (IS) Audit to evaluate the effectiveness of its cybersecurity controls, resilience capabilities, and regulatory alignment.

The Challenge

As cyber risks and regulatory expectations evolved, the organization needed stronger visibility into its cybersecurity posture and control effectiveness.

Key Challenges Identified

Lack of independent validation of cybersecurity controls against SEBI CSCRF requirements
Gaps in design and operating effectiveness of security controls across critical systems
Limited visibility into cyber resilience maturity and operational risk exposure
Need to validate remediation of previously identified vulnerabilities and audit observations
Increasing pressure to improve regulatory readiness and investor confidence

The organization required a structured audit approach capable of evaluating governance, cybersecurity operations, compliance maturity, and resilience effectiveness across its technology ecosystem.

CyRAACS’ Approach

CyRAACS adopted a risk-based and regulatory-focused audit methodology aligned with SEBI CSCRF expectations and cybersecurity best practices.

1. Audit Planning & Information Gathering

The engagement began with detailed planning and stakeholder discussions to understand:

The organization’s technology landscape
Critical business and investor-facing systems
Existing cybersecurity governance processes
Applicable regulatory obligations
Previous audit findings and remediation activities

Policies, procedures, audit reports, and operational documentation were reviewed to establish contextual understanding of the control environment.

2. Regulatory Walkthrough & Framework Alignment

CyRAACS analyzed SEBI CSCRF requirements and conducted structured walkthroughs with business, technology, and security stakeholders to assess:

Governance mechanisms
Cybersecurity processes
Risk management practices
Operational resilience capabilities
Existing control implementation maturity

This enabled alignment of audit testing against SEBI’s cybersecurity and resilience expectations.

3. Control Testing & Audit Execution

The audit team evaluated both:

Design effectiveness of controls
Operational effectiveness of implemented processes

Testing activities included:

Stakeholder interviews
Artefact validation
Configuration reviews
Process walkthroughs
Compliance evidence assessment

This helped identify areas where operational practices required strengthening to improve cybersecurity resilience and compliance posture.

4. Gap Identification & Reporting

CyRAACS conducted structured gap assessments to:

Identify cybersecurity and governance gaps
Assess associated operational and regulatory risks
Prioritize observations based on severity and business impact
Deliver actionable recommendations for remediation

Detailed audit reporting provided management teams with visibility into control effectiveness, cyber risk exposure, and resilience maturity.

5. Remediation Validation & Compliance Audit

Follow-up validation activities were performed to:

Assess remediation progress
Verify closure of identified gaps
Validate improvements in compliance posture
Ensure alignment with SEBI CSCRF expectations

CyRAACS provided final compliance-focused reporting aligned with regulatory audit requirements.

Outcomes Delivered

Improved Alignment with SEBI CSCRF

The organization strengthened alignment with SEBI’s Cyber Security and Cyber Resilience Framework requirements, improving overall cybersecurity governance maturity.

Enhanced Cyber Risk Visibility

Leadership teams gained better visibility into security control effectiveness, operational risks, and cyber resilience exposure.

Faster Remediation & Compliance Readiness

Structured remediation tracking enabled quicker closure of audit observations and improved ongoing audit preparedness.

Stronger Operational Resilience

Improved governance oversight and cybersecurity control validation helped strengthen resilience across critical systems and investor operations.

Increased Regulatory & Investor Confidence

Independent validation of cybersecurity controls and resilience capabilities improved confidence among regulators, leadership teams, and stakeholders.

Business Impact

The engagement enabled the organization to transition from a reactive audit-driven approach toward a more proactive cybersecurity governance and resilience model aligned with SEBI’s evolving regulatory expectations.

By combining regulatory expertise, cybersecurity assessment capabilities, and structured audit execution, CyRAACS helped the organization strengthen operational resilience, improve governance maturity, and enhance long-term compliance readiness.

Build Stronger Cyber Resilience with CyRAACS

CyRAACS helps SEBI-regulated entities strengthen cybersecurity governance, improve operational resilience, and navigate evolving regulatory expectations through specialized IS Audits, cyber resilience assessments, technical security validation, and AI-enabled continuous compliance capabilities tailored for modern financial ecosystems.