As a CERT-In empaneled organization, DigiFortex provides specialized audit services for NABARD’s Cyber Security Controls for Third-Party ATM Service Providers. Our audits ensure that ATM Switch providers comply with NABARD’s security requirements, including network management, secure configurations, data leak prevention, vulnerability assessments, and the establishment of a Cyber Security Operations Center (C-SOC). With our expertise, we help financial institutions meet regulatory standards and enhance their security posture in the third-party ATM ecosystem.
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What is NABARD- Cyber Security Controls for Third-Party ATM?
The National Bank for Agriculture and Rural Development (NABARD) serves as India’s central development financial institution, designed to address credit-related issues in rural development. NABARD’s responsibilities include policy, planning, and operations related to agricultural credit and economic activities in rural India, along with advancing Financial Inclusion initiatives.
NABARD issued a circular requiring cyber security controls for third-party payment systems (ATM Switch) managed by service providers for cooperative and regional rural banks. This directive mandates that third-party ATM Switch Application Service Providers (ASPs) adhere to the specified cyber security controls outlined in the annexure. These ASPs must ensure continuous compliance and allow RBI/NABARD access for both on-site and off-site supervision. The controls apply specifically to the IT ecosystem of ASPs providing ATM switch or other payment-related services to banks.
Cyber Security Controls for ATM Switch Application Service Providers (ASPs)Prevent unauthorized software access
Environmental controls
Network management and security
Secure configuration
Application Security Life Cycle (ASLC)
Patch, vulnerability, and change management
User access control and management
Data leak prevention strategy
Audit logs
Incident response and management
Advanced real-time threat defense
Vulnerability assessment and penetration testing
Forensics
Continuous surveillance with a Cyber Security Operations Center (C-SOC)
Compliance with relevant standards
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 and ISO 27001:2022 certified organization, DigiFortex is globally recognized in providing Information Security consulting. Our team started McAfee in India and holds 17 US patents.
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.
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