Information Systems Audit

Comprehensive Information Security & Cybersecurity Compliance Solutions

We provide specialized audit and consultancy services to ensure your organization meets Indian regulatory requirements while maintaining robust cybersecurity frameworks across financial services, securities, insurance, and digital identity sectors.

 

Reserve Bank of India (RBI) Compliance

Cyber security in Banks
Regulation: Cyber Security Framework in Banks, dated June 2, 2016

Applicable to: All Scheduled Commercial Banks (excluding Regional Rural Banks)

 

IT Framework for NBFCs

Regulation: Master Direction – Information Technology Framework for the NBFC Sector dated June 08, 2017

Applicable to: Non-Banking Financial Companies (NBFCs) not covered by Reserve Bank of India (Information Technology Governance, Risk, Controls and Assurance Practices) Directions, 2023

 

IT Governance Framework for Regulated Entities

Regulation: Reserve Bank of India (Information Technology Governance, Risk, Controls and Assurance Practices) Directions, dated November 7, 2023

Applicable to: All Regulated Entities (Banks, NBFCs, UCBs, Payment System Providers)

 

Digital Payment Security Controls

Regulation: Master Direction on Digital Payment Security Controls, dated February 18, 2021

Applicable to: Payment System Operators, Banks, Payment Banks, Prepaid Payment Instrument Issuers.

 

Outsourcing Guidelines

Regulation: Master Direction on Outsourcing of Information Technology Services, dated April 10, 2023

Applicable to: All Banks, NBFCs, and other Regulated Entities

 

Data Localization Requirements

Regulations: Storage of Payment System Data Circular, dated April 6, 2018

Applicable to: All Payment System Operators, System Participants

 

Credit Information Reporting Directions

Regulation: Master Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025, dated January 6, 2025

Applicable to: All Scheduled Commercial Banks, Regional Rural Banks, Cooperative Banks, NBFCs, and Credit Information Companies (CICs)

 

Additional RBI Frameworks:

• UCB IT Guidelines: Information Technology Guidelines for Urban Cooperative Banks
• Payment Banks IT Framework: Specific IT governance requirements for Payment Banks
• Credit Information Companies: IT guidelines for CICs
• Account Aggregators: Technical and operational guidelines

 

Securities and Exchange Board of India (SEBI)

Regulation: Cybersecurity and Cyber Resilience Framework (CSCRF), dated August 20, 2024

Implementation Deadline: June 30, 2025

Applicable to: Stock Exchanges, Clearing Corporations, Depositories, Market Intermediaries, Mutual Funds, Credit Rating Agencies

Coverage: Cyber risk governance, incident response, third-party risk management, compliance reporting

 

Unique Identification Authority of India (UIDAI)

Regulations:

• Aadhaar (Data Security) Regulations, 2016
• Aadhaar (Enrolment and Update) Amendment Regulations, 2024 (January 16, 2024)

Applicable to: AUAs/ASAs, Enrolling Agencies, Authentication Service Agencies, e-KYC providers

Focus Areas: Data encryption, biometric protection, audit trails, consent management

 

Insurance Regulatory and Development Authority (IRDAI)

Regulation: IRDAI Information and Cyber Security Guidelines, 2023

Applicable to: All Insurers, FRBs, Insurance Intermediaries, Brokers, TPAs, Web Aggregators

Coverage: Cybersecurity governance, risk assessment, incident management, security awareness

 

Additional Compliance Areas

• Information Technology Act, 2000 – Data protection, digital signatures, cybercrime prevention
• Companies Act, 2013 – Corporate governance, board-level cybersecurity oversight
• Banking Regulation Act – Digital lending, payment system guidelines

 

Our Audit Methodology

1. Regulatory Gap Analysis – Current state assessment and compliance gap identification
2. Technical Security Assessment – Infrastructure, application, and network security evaluation
3. Governance Review – Policy assessment, organizational structure, vendor management
4. Compliance Reporting – Detailed reports, remediation roadmap, implementation support

 

Why Choose Us

• Regulatory Expertise – Deep knowledge of Indian compliance requirements
• Industry Experience – Proven track record with leading financial institutions
• Continuous Updates – Stay current with evolving regulations
• End-to-End Support – From assessment to implementation