Governance and Compliance Services

This service line focuses on the compliance needs of organizations related to information security and data privacy. Be it regulatory or client contractual or standard requirements on information security and data privacy, We offer the full suite of services in Compliance Lifecycle – Framework, Assessment, Implementation and Audit services. Additionally, We also provide Attestation Services for PCI DSS and run Third Party Risk Management programs for organizations.
Controls Assurance Services
Information Security and data privacy risks are at the forefront of organizations’ business issues as they consider their risk posture and potential exposure. Increasing scrutiny from regulators and clients also mean that organizations have to be proactive in managing these risks.

Organizations’ effective and secure interaction with business partners, vendors, and service organizations are critical to the efficient operation of business processes. This has led to implementation of specific programs to manage information security and privacy.

A critical requirement for any such management program is verifying the effectiveness of established controls.

Our Controls Assurance Services primarily focus on the below areas:

  • Conduct assessments against organization’s security policy and standards, or an independent control framework
  • Determine whether cybersecurity/privacy controls are suitably designed to meet the security objective
  • Assess the efficacy of the controls and alignment with the organization’s risk assessment

CyRAACS can assess and develop Information Security Compliance frameworks based on control requirements of:

  • Standards (ISO 27001, PCI DSS, SOC 2, ISO 27017, ISO 27018, CSA STAR, ISO 27701 etc.)
  • Frameworks (NIST 800-53, NIST CSF, HITRUST CSF, NIST 800-171 etc.)
  • Regulatory Requirements (GDPR, CCPA, NYDFS Cyber Security Regulations, HIPAA)

QSA Services for PCI DSS
PCI DSS is a set of Data Security Standards that apply to any organization that handles cardholder information. The standard was originally developed by PCI Standard Security council (SSC) founded by American Express, Discover Financial Services, JCB, MasterCard Worldwide, and Visa International.

PCI DSS is relevant to all merchants that store, process or transmit cardholder data, regardless of revenue and credit card transaction volumes. The most recent version is PCI DSS 3.2. Version 3.2 was introduced in April 2016 and officially replaced version 3.1 on February 1, 2018.

Our QSA services are tailored for an organisation specific size and compliance needs, we work closely with clients and provide guidance through entire PCI DSS compliance process.

Third Party Risk Management Services
Organizations across the world rely on third parties – for products, services, outsourced operations etc. To ensure faster production outcomes, meet tight delivery timelines, and lower costs. With the rapid change in frequency and scale of third-party use, there is a consequential increase in the regulatory focus on how organizations are managing third parties to address the risk exposed due to third party.

Risk and compliance objectives are no longer limited to traditional organizational boundaries, organizations are now responsible for the actions of their third parties. Third party risk management is the process of analysing, controlling, and monitoring the risks presented to an organization by a third-party vendor.

Minimize the organization’s exposure to third-party risks, leveraging our Third-Party Risk Management (TPRM) practice. We can manage an organisation specific entire TPRM lifecycle from risk analysis, due-diligence, assessments, and periodic monitoring and improvement to termination.

Policy Management Services

Policies are the vehicle deployed by the Board and the Executive Management to set the risk appetite for the organization. These policies also need to incorporate requirements from legal and regulations, client contracts and standards/frameworks. A comprehensive set of policies for Information Security forms the baseline for implementing the various security controls. Policies need to be updated periodically to align with the evolving threat landscape and increasing regulatory scrutiny.

We can manage the complete lifecycle for Policy Management from Risk Assessment, Policy Management Structure, Policy Writing and Approval, Publishing and Dissemination, Training, Review and Updates.

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