In today's complex regulatory landscape, effectively managing Governance, Risk, and Compliance (GRC) is paramount. Traditional approaches often prove cumbersome and inefficient, leaving organizations vulnerable to risks and non-compliance. A control-driven GRC product offers a powerful solution, streamlining GRC activities through automation and a centralized platform. This innovative approach empowers organizations to proactively manage risks, ensure […]
Machine Learning (ML): Transforming Security Through Advanced Insights Machine Learning (ML), a branch of Artificial Intelligence (AI), empowers computers to analyze data, identify patterns, and improve performance without explicit programming. This adaptive learning enables systems to mimic human-like learning through experience gained from data. Key Applications of ML in Security By continuously learning and adapting […]
Governance, Risk, and Compliance (GRC) plays a pivotal role in organizational success by providing a structured and integrated approach to managing an organization's overall performance, addressing risks, and adhering to
Compliance with government laws, regulations, and rules is essential for all organizations. A regulatory requirement is a directive imposed by a government entity on an organization.
In today's dynamic business landscape, organizations face an ever-increasing array of challenges, from regulatory compliance and cybersecurity threats to operational risks and data privacy concerns. To navigate
Information security is a critical concern for organizations in the digital age, as the proliferation of data and technology brings new vulnerabilities and threats. To safeguard sensitive information, organizations must conduct information security risk assessments. This comprehensive guide will walk you through the key steps and best practices involved in
Purchasing ISO 27001 document – Your organization must purchase the ISO 27001 document and understand how to implement a structed ISMS for your organization. This will help your organization to understand why the controls are necessary and how they can be implemented to mitigate risks.
In the age of digitalization, where personal data has become a valuable commodity, the need for robust data protection laws has become increasingly crucial. Recognizing this need, India has enacted the Digital Personal Data Protection Act, 2023 (DPDPA), marking a significant milestone in the country's data
The General Data Protection Regulation is a law that was enacted in 2018, it has transformed the way businesses worldwide handle and protect personal data. With stringent requirements for data privacy and security, GDPR compliance is essential for organizations that collect, process, or store
In today’s ever-evolving cyber and risk landscape, information security has come to the forefront to combat the sophistication of cyberattacks and the constantly changing technology framework. Two widely recognized information security standards stand out in this arena: ISO 27001
Embarking on the journey of Governance, Risk Management, and Compliance (GRC) is a significant step for any organization in today's complex and highly regulated business environment. To thrive and ensure sustainable growth, businesses must proactively address governance issues, manage risks, and meet compliance requirements. In this article, we will guide you through the crucial steps […]
In the ever-evolving realm of cybersecurity, organizations face an unceasing challenge to secure their digital fortresses. A mid-sized financial services firm prides itself on its commitment to safeguarding customer data and financial assets. However, recent cyber threats have escalated, and the firm is keen to ensure that its cybersecurity defences remain
In today's digital age, where data is the lifeblood of business operations, protecting sensitive financial information has never been more critical. The Payment Card Industry Data Security Standard (PCI DSS) was established to ensure the secure handling of card data, and compliance with this standard is mandatory for any organization that processes cardholder information. Achieving […]
In the ever-evolving world of IT, security has become a necessity more than a precautionary decision or a luxury that most organizations overlook. With the ever-increasing sophistication of cyberattacks, businesses are constantly seeking ways to safeguard their sensitive information and protect their customers' trust. Two widely recognized information security standards stand out in this
In today's dynamic business landscape, internal audit plays an even more critical role due to the complexities and the increased emphasis on
One of the key reasons for vulnerabilities in the applications are lack of secure design,
development, implementation, and operations.
Application Programming Interface or API serves as a data connection that facilitates the sharing of data with other applications. In today's rapidly evolving digital landscape,
Lok Sabha passed the Digital Personal Data Protection Act – India (DPDP Act) - August 2023 , India’s 2nd attempt in framing a privacy legislation.Aug 2017: Privacy as a fundamental right reaffirmed in Justice KS Puttaswamy vs Union of India by SC Justice Srikrishna Committee constituted to examine data
The Reserve Bank of India (RBI) has introduced a draft master direction that covers various domains of cyber resilience and digital payment security.
Passkeys are a significant improvement over passwords. They are faster, more secure, and more convenient. Many brands will follow in supporting passkeys. I expect passkeys to become the standard for login security in the near future like how 2FA was adopted in the past.
The cybersecurity landscape is constantly evolving, and CISOs need to be prepared to defend against increasingly sophisticated attacks.
Regulated Entities (Res) outsource a substantial portion of their IT activities to third parties, which exposes them to various risks. RBI released a finalized version of Master Direction on Outsourcing of Information Technology Services on April 10, 2023.
Portfolio managers work closely with their clients to understand their financial goals, risk tolerance, and investment preferences.
The GISEC 2023 event is scheduled to be held in Dubai World Trade Center, United Arab Emirates, on 14, 2023 to March 16, 2023.
The RBI announced the launch of the first pilot for retail digital Rupee (e₹-R) on December 01, 2022. It has commenced the pilot in the wholesale segment from November 2022.
An Account Aggregator shall transmit the financial data pertaining to the user only after receiving formal consent from the user
APIs are the backbone of the internet, powering the applications and services that we use every day
In order to protect your business from common cybersecurity threats, it is important to be aware of the different types of attacks that exist and how to prevent them
Read what RBI has to say on digital lending in the Guideline on Digital Lending issued on 2nd September 2022
The concept of BNPL is similar to that of credit cards wherein a consumer makes a purchase through a credit line and the payment is done later
Security Architecture Review is a holistic review of security that covers networks, Data, Applications, Endpoint, Cloud, etc.
Customer pursued CSA STAR certification and a review of the Information Security program
Customer was required to conduct an independent security review of its application and cloud infrastructure as part of its contractual obligations.
The CISO wanted to achieve ISO 27001:2013 ISMS Certification for the Bank as part of the roadmap to enhance information security posture
Customer wanted a study of the business operations, IT infrastructure and applications and development of framework for Business Continuity and IT Disaster Recovery
Customer was required to adhere to RBI Master Directions IT Framework for NBFCs before 30th June 2018. Conducted a gap assessment
Customer pursued CSA STAR certification and a review of the Information Security program to address Investor and customer
Customer was required to adhere to RBI Master Directions IT Framework for NBFCs before 30th June 2018. Developed Policies, Procedures
Customer was required to conduct a Gap Assessment against GDPR requirements as a Data Processor for a leading European FMCG company.
Customer wanted an independent and objective assessment of Information Security against ISO 27001:2013 ISMS, to understand the gaps
Customer was required to adhere to RBI Master Directions IT Framework for NBFC Peer to Peer Lending Companies as part of their license application
Companies are realizing the benefits of cloud infrastructure. They are quicker to scale, cheaper to maintain, and more flexible.
Executive leaders of organizations and board members are ultimately responsible for ensuring the long-term security
With the year 2020 and the pandemic overwhelming us, we must be conscious of the increase in cyber security threats that are looming in front of us. Here are a few thoughts
Global situations relating to the COVID-19 pandemic have impacted the business and has also impacted the work of auditors. The current situations challenge the conventional
According to the statistics 73.2% of the most popular WordPress installations are vulnerable till date. These can be identified using automated tools and can be exploited.
Blockchain is an emerging technology that is quite popular nowadays due to the popularity of cryptocurrency. The blockchain contains a list of records or blocks which are linked using
Malvertisements are a malicious advertisement distributed in the same was as a legitimate online advertisement. It is one of the common practices to use spread malware.
CyRAACS is a great place to work because every day provides an opportunity to learn something new, to mentor and to be mentored to achieve our client’s goals.
