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Small Finance Bank

The client, a leading Small Finance Bank, was looking to empanel vendors to provide services for VAPT, Secure Code Review and Configuration Review. The scope included IT Infrastructure and more than 40 different applications (web and mobile) servicing different portfolios.

Problem Statement –

  • The client, a leading Small Finance Bank, was looking to empanel vendors to provide services for VAPT, Secure Code Review and Configuration Review. The scope included IT Infrastructure and more than 40 different applications (web and mobile) servicing different portfolios.
  • The Bank engaged CyRAACS to conduct periodic assessments to identify vulnerabilities, provide recommendations for mitigation, assess and improve the security posture.

Services Delivered –

  • Developed a calendar for conducting VAPT, Secure Code Review and Configuration Review based on study of application and IT environment and the risk assessment
  • Conducted a comprehensive Vulnerability Assessment and Penetration testing for applications, servers, security devices and network devices against OWASP Top 10, SANS Top 25, WASC etc.
  • Conducted a Secure Code Review for applications and identified business logic errors
  • Conducted a comprehensive Secure Configuration Review for servers, security devices and network devices against NIST
  • Conducted assessment activities with custom inhouse scripts to identify issues and vulnerabilities
  • Conducted ad-hoc scans and testing for emergency releases and bug-fixes

Value Provided –

  • Worked as an Extended Security Arm to the Bank by overseeing the Vulnerability Management program
  • Provided real-time information on issues and vulnerabilities identified to Bank teams to ensure quicker remediation, remediation times decreased considerably during the engagement
  • Provided a step by step remediation plan for all issues identified
  • Provided recommendations for Secure Configurations of security devices and network devices
  • Conducted briefing sessions on issues identified and recommendations provided to guide Client teams
  • Improved security posture, reducing vulnerabilities significantly due to rigorous testing, educating the teams and incorporating best practices
  • Provided Visibility and Assurance to Senior Management and Regulators on the health and security posture

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