Banking and cooperative banking — cybersecurity and regulatory audit

Applicable regulations

• RBI IT Framework and Cyber Security Framework for banks
• PCI DSS v4.0.1 for card systems
• SWIFT Customer Security Programme (CSP)
• DPDP Act 2023 for customer personal data

Common cybersecurity risks

• Digital-channel fraud and account takeover across net and mobile banking
• Unsegmented card-data environments that widen PCI scope
• Weak privileged-access and change controls in core banking
• Concentration risk across outsourced IT and fintech partners
• Incident-response and business-continuity gaps

Audit findings we typically see

• Incomplete asset and data-flow inventories for the CDE
• Gaps in log retention and SOC monitoring coverage
• Critical VAPT findings left unremediated past SLA
• Board and ITSC reporting not evidenced to supervisory expectations
• Untested incident response and recovery

Services required

• RBI cybersecurity and IS-audit readiness
• SWIFT CSP assessment
• PCI DSS assessment
• IT general controls (ITGC) audit
• VAPT across channels

Our engagement approach

• Scope and discovery. Map regulated systems, card flows and third parties, and confirm which RBI, PCI and SWIFT obligations apply.
• Gap assessment. Test controls against the frameworks and rank findings by supervisory and business risk.
• Remediation support. Prioritised roadmap, control design and evidence templates for closure.
• Validation and reporting. Retest, an audit-grade report and a board and ITSC summary.

Expected evidence

• Asset and data-flow inventory for regulated systems
• Control test results with retest closure
• Log and monitoring coverage with SOC use-case evidence
• Board and ITSC reporting pack

Deliverables

• Framework-mapped gap assessment
• Prioritised remediation roadmap
• VAPT reports with closure evidence
• Supervisory-ready audit report