DigiFortex, a CERT-In empaneled cybersecurity and information security consultancy, offers specialized RBI Co-Operative Bank IS Audits to help Urban Cooperative Banks (UCBs) align with the latest cybersecurity guidelines set by the Reserve Bank of India (RBI).
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 RBI Co-Operative Bank IS Audit?
RBI enhanced the Cyber Security Framework for Urban Cooperative Banks (UCBs), revising its initial release of October 19, 2018. Being a CERT-In Empaneled Security Auditor, DigiFortex helps the clients to understand, manage and comply with periodic releasing RBI Guidelines. Periodic reviews of the security of the bank’s infrastructure and assets are a must to find vulnerabilities and security loopholes. Hence, we need to take the appropriate actions to be taken by the Co-Operative Banks to fill the security loopholes and get rid of vulnerabilities.
Our team conducts thorough security assessments to identify vulnerabilities, detect security gaps, and implement effective measures to address these risks. Regular reviews of your bank’s infrastructure and assets are essential to safeguarding against cyber threats, and we work closely with you to fill security loopholes and mitigate vulnerabilities.
Key Aspects of the RBI Cyber Security Framework for Urban Cooperative Banks (UCBs)
DigiFortex ensures your institution meets all the necessary compliance requirements outlined in the Cyber Security Framework for UCBs. Here is a summary of the core elements covered in the framework:
Basic Cyber Security Requirements:
Board-approved Cyber Security Policy: A dedicated policy distinct from the IT/IS policy, approved by the Board.
Cyber Crisis Management Plan: A proactive plan for managing cyber incidents and crises.
IT Architecture Compliance: Ensuring your IT architecture and framework meet security standards.
Organizational Cyber Security Arrangements: Structured roles and responsibilities for cyber security management.
Cyber Security Awareness: Ensuring that top management, the Board, and relevant parties are educated about cybersecurity.
Customer Information Protection: Guaranteeing the security of customer data at all levels.
Supervisory Reporting Framework: Adhering to the RBI’s reporting guidelines for cybersecurity.
Comprehensive Cyber Security Framework (Level I - IV):
Level I Requirements
- Baseline Cyber Security and Resilience Requirement
- Vendor/Outsourcing Risk Management
Level II Requirements
- Network Management and Security
- Secure Configuration
- Application Security Life Cycle (ASLC)
- Change Management
- Periodic Testing
- User Access Control / Management
- Authentication Framework for Customers
- Anti-Phishing
- Data Leak Prevention Strategy
- Audit Logs
- Incident Response and Management
Level III Requirements
- Network Management and Security
- Secure Configuration
- Application Security Life Cycle (ASLC)
- User Access Control
- Advanced Real-time Threat Defence and Management
- Maintenance, Monitoring, and Analysis of Audit Logs
- Incident Response and Management
- User / Employee/ Management Awareness
- Risk based transaction monitoring
Level IV Requirements
- Arrangement for continuous surveillance – Setting up of Cyber Security Operation Centre(C-SOC)
- Participation in Cyber Drills
- Incident Response and Management
- Forensics and Metrics
- IT Strategy and Policy
- IT and IS Governance Framework
- IT Strategy Committee
- IT Steering Committee
- Chief Information Security Officer (CISO)
- Information Security Committee
- Audit Committee of Board (ACB)
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.
DigiFortex’s expertise in the RBI Cyber Security Framework ensures that your bank is fully compliant with the guidelines and regulations. We help you understand the intricacies of the Cyber Security Framework for UCBs and perform a detailed analysis of your systems to ensure they are in line with RBI’s evolving security standards.
By partnering with DigiFortex, your organization will benefit from:
In-depth Cyber Security Analysis: A comprehensive assessment of your bank’s security posture based on RBI’s updated guidelines.
Customized Solutions: Tailored strategies to address identified vulnerabilities and compliance gaps.
Ongoing Compliance Support: Assistance in maintaining compliance with periodic reviews and audits.
Expert Recommendations: Actionable advice to bolster your security framework and protect your infrastructure against emerging threats.
With DigiFortex, you can be confident that your organization will stay ahead of cybersecurity challenges and continue to meet the RBI’s rigorous standards for Cooperative Banks. We are committed to enhancing your institution’s cybersecurity resilience and helping you maintain a secure and compliant operational environment.
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