Overview
Methodology
The audit will be done by auditors impaneled with CERT-IN (Indian Computer Emergency Response Team) as provided for by RBI procedure. Such auditors make sure that the firms comply with RBI’s data localization requirements. The SAR should have certification from auditors, confirming that transaction records are kept within India as per RBI directive. Further, approval should be sought from the Board of System Providers, showing management concurs with the findings of the audit through its acceptance thereof; this demonstrates commitment towards security measures and regulatory adherence on the part of the organization. After preparing, certifying, and approving SARs, they should be submitted to the Reserve Bank of India (RBI). This is necessary to show compliance with regulations required for regulation purposes and give RSI access to details about payments so that it can offer better control mechanisms for this area.
Major Rules and Regulations
Data Localization
Anti-Money Laundering
Enhanced IT Governance
Our Approach.
With a GAP Assessment report, we give you the necessary directions regarding fixing detected non-compliant controls within your company’s cyber security framework. This specialist advice is essential to rectify gaps and vulnerabilities in order to improve overall cyber security posture. We aim at regulatory compliance and industry best practices through customized remediation strategies.
Our strategy focuses on increasing your organization’s resilience against cyber threats and ensuring a secure operational environment. This forward-looking approach reduces risks and enhances stakeholders’ confidence regarding strong cybersecurity policies.
A final audit report that provides an overview of the complete audit process is given to you after remediation actions have taken place. This intricate paper validates compliance with statutory obligations and industry regulations. It identifies specific enhancements made to improve your cyber security.
This way, the final audit report indicates how far your organization has come, showcasing the gains in addressing these challenges. It also shows what was done to solve any vulnerabilities identified by the examination and builds trust among stakeholders who believe in your excellence in cyber security.
Once all requirements have been met, we give you a compliance letter that certifies that your organization has upheld applicable controls and regulations. Consequently, this document confirms that you are committed to robustly maintaining cyber security measures and following industry norms.
This gives confidence to regulators as well as stakeholders about whether or not relevant steps have been put in place to protect confidential information from possible data breaches resulting from cyber attacks.
We make recommendations designed to help you enhance your operations through our findings from an audit process coupled with best practices in the field. Such knowledge will guide the implementation of your organizational cyber security strategy that promotes resilience against emerging threats while ensuring strict observance of legal provisions.
A proactive approach of increasing its security posture so as to mitigate risks before they occur can be achieved by implementing these suggestions within their framework of operations/activities. This measure helps not only to safeguard sensitive infrastructure but also to prove commitment towards proactive development and exemplary cybersecurity excellence, as well as continuous improvement in defense mechanisms against ever-evolving cyber threats.
Key Data Requirements for System Audit Report (SAR) for Data Localization
Data localization system audit reports require comprehensive coverage of key data needs. This includes sorting payment data elements like credentials and customer details, describing transaction flows and providing clean application architecture diagrams. These assessments also consist of online system defenses, network structure plans; records management guidelines, methods utilized for processing transactions, and safeguards for data integrity, backups, restorations, access controls and assets.
