As a CERT-In empaneled organization, DigiFortex offers a smooth and robust audit of Cyber Security Framework for Rural Co-Operative Banks. Our team of skilled auditors and consultants prioritizes transparency, accuracy, and actionable insights, helping you not only meet compliance but also enhance the integrity and resilience of your information systems. DigiFortex goes beyond basic auditing by offering guidance to strengthen your IT processes, protect assets, and secure data integrity, ensuring your systems function effectively under all conditions.
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What is NABARD’s Cyber Security Framework for RCB?
The National Bank for Agriculture and Rural Development (NABARD) serves as the nation’s primary development financial institution, tasked with addressing credit-related challenges linked to rural development. Under reference No. NB. DoS. Pol. HO./3182 / J-1/2019-20, NABARD introduced a Comprehensive Cyber Security Framework for Rural Cooperative Banks (RCBs) based on a graded approach for timely implementation. By assessing and identifying inherent risks, this framework aids RCBs in mitigating vulnerabilities associated with adopted technologies, delivery channels, digital offerings, and internal or external threats.
According to this framework, RCBs are categorized into four levels based on their level of digital adoption and connection to the payment systems ecosystem:
Level 1:Criteria: All RCBs.
Requirements: Level I controls listed in Annexure-I, plus the option to assess cyber security preparedness using the Vulnerability Index on Cyber Security (VICS) tool (Annexure-I A).
Level 2:Criteria: RCBs that are sub-members of the Central Payment System (CPS) and meet at least one criterion such as offering internet banking, providing mobile banking via smartphone app, or being a direct member of CTS/IMPS/UPI.
Requirements: Level II controls (Annexure-II), in addition to Level I, covering areas like Data Loss Prevention, Anti-Phishing measures, and vulnerability assessments of critical applications.
Level 3:Criteria: RCBs meeting at least one criterion such as being a direct CPS member, having their own ATM switch, or using a SWIFT interface.
Requirements: Level III controls (Annexure-III), in addition to Levels I and II, including Advanced Real-time Threat Defense and transaction monitoring based on risk.
Level 4:Criteria: RCBs that are CPS members or sub-members and meet additional criteria such as managing an ATM switch with SWIFT interface or hosting a data center.
Requirements: Level IV controls (Annexure-IV), adding further obligations like establishing a Cyber Security Operations Center (C-SOC) and implementing an IT and IS Governance Framework within six months of the circular’s issuance.
The bank’s Board of Directors is ultimately accountable for its information security. RCBs must perform self-assessments to identify their respective level and adhere to the control requirements as specified in Annexures I to IV within set timelines. The VICS tool is recommended for guidance on cyber security controls.
Our Proven Audit Approach
Our detailed audit process ensures that your payment systems meet regulatory standards, while also strengthening your organization’s security posture.
Business Understanding: We begin by evaluating your business processes and environment to identify all relevant in-scope elements.
Audit Scope Finalization: A detailed questionnaire is shared with your teams to collect evidence on architecture, implementation, and controls.
Initial Audit: We assess your infrastructure to identify all storage locations containing payment-related data.
Risk Assessment: Our team conducts a risk analysis of your information security posture, highlighting potential vulnerabilities.
Data Flow Assessment: A comprehensive analysis is performed to understand data flow and detect any potential leakage points.
Remediation Support: We provide actionable solutions to address compliance challenges and strengthen your systems.
Scans and Testing: We perform rigorous testing to uncover critical vulnerabilities in your system.
Evidence Review: Evidence collected is reviewed to evaluate its maturity and alignment with compliance requirements.
Final Audit: A thorough examination is conducted to ensure all identified vulnerabilities are addressed and the system is secure.
Concise Reporting: Our team delivers a detailed report covering all findings and insights from the assessment cycle.
Why DigiFortex?
As a CERT-IN empaneled & ISO 27001 Certified body DigiFortex provides insurers with expert guidance on NABARD’s Cyber Security Framework for RCB, ensuring robust compliance and risk management. We offer detailed assessments, proactive risk mitigation, and actionable support, enabling insurers to maintain high standards of data protection and regulatory compliance.
Our team is composed of globally certified experts, including ISO 27001 Lead Auditors for Information Security, Certified Information Privacy Professionals for Europe (CIPP/E) from the International Association of Privacy Professionals (IAPP), DSCI Certified Privacy Lead Assessors (DCPLA), CCSA, CISM, CISA, ISO 27001 LA, CEH, CRTP and more. Backed by diverse industry experience, our professionals provide comprehensive security and privacy solutions tailored to meet the highest standards.
A small glimpse of DigiFortex’s globally recognized work
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Completed the Prepaid Payment Instrument (PPI) audit for Amazon Pay, which included:
- IS Audit (Information System Audit)
- V-KYC (Video-based Know Your Customer)
- VAPT (Vulnerability Assessment and Penetration Testing)
- SAR (Security Assessment Report)
- RBI Data Localization compliance
- Conducted security assessments for the #1 U.S. financial institution, covering 17 of their websites across 17 countries.
- Performed a comprehensive Cloud Security Assessment for HDFC Bank.
- Provided IT audit services for the integration of HDFC’s system with the Government of India’s Solar Energy Corporation of India (SECI).
- Selected by Indian Bank to conduct a full security assessment of their data centers in Chennai and Mumbai.
Our team of skilled auditors and consultants prioritizes transparency, accuracy, and actionable insights, helping you not only meet compliance but also enhance the integrity and resilience of your information systems. DigiFortex goes beyond basic auditing by offering guidance to strengthen your IT processes, protect assets, and secure data integrity, ensuring your systems function effectively under all conditions.
By partnering with DigiFortex, you’re choosing a firm that combines regulatory compliance expertise with a proactive, client-centric approach to safeguarding your organization’s information systems.
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