RBI Information Security Audit

Overview

RBI Issues Master directions and Guidelines for Banks and Non-Banking Financial corporations to hunt and resolve the risk and weaknesses in its operations. RBI guidelines are issued on recommendations by working groups in information security, E-Banking, Governance and Cyber fraud. These Master direction guidelines are mainly driven by the demand and need for mitigating the cyber threats coming out of evolving technology adopted by these corporations.

What is RBI Information Security (IS) Audit?

RBI IS Audit is known as the primary component of banks that uses robust IT security and other workable things. However, these compact governances required the banks to perform regular audits for IT infrastructure and security, with the help of multiple customized applications, proficient resources, verified procedures will assist the entire audit process. We are an organization of experienced professionals that know Application Control, Security Services, and the Internal Information System Audits which have well-implemented examinations for the IT infrastructure.

We at RnR, provide end to end support and guidance on getting compliant with these laid guidelines, primarily in below mentioned seven areas: –

Information Security: Well defined framework to focus exclusively on Information and cyber security and Risk management.
Information Security Audit: Audit on the IS process adopted by the firm and ensure that they provide unbiased and objective view of the extent to which the risk are managed. This focuses on Role and responsibilities of IS audit stakeholders and planning and execution.
Business Continuity Planning: Policy and procedures to ensure continuity, resumption and recovery of critical business processes. Assistance in performing Disaster recovery drills to ensure readiness in an event of disaster.
Cyber Fraud: Fraud management, suspicious transaction management, reporting to regulatory body and implementation of various fraud detection techniques.
IT Governance: RBI guidelines mandates to have IT governance framework in place. Focus on creating organisational framework and process to make sure IT security sustains and objectives are met.
Customer Grievance: Policy and procedure to ensure all the customer grievances are met and steps are taken to resolve the issues in stipulated period of time.
Complete assistance on areas of Authentication, Authorisation, Logging and monitoring of transaction and activities, Implementation of Maker checker concept in key operational Areas, Customised and service-oriented architecture, secure operational environment, KYC and customer consent management.

What We Deliver ?

It’s an important practice that gives organizations visibility into real-world threats to your security. As part of a routine security check, penetration tests allow you to find the gaps in your security before a hacker does by exploiting vulnerabilities and providing steps for remediation.