NPCI – Unified Payment Interface (UPI) Audit
The Unified Payments Interface (UPI) is a real-time payment system created by the National Payments Corporation of India (NPCI) with the aim of expediting inter-bank transactions instantly.
Unified Payments Interface (UPI) stands as an instantaneous real-time payment system innovated by the National Payments Corporation of India (NPCI). This cutting-edge system, regulated by the Reserve Bank of India (RBI), is designed to facilitate seamless inter-bank transactions through mobile platforms, enabling swift fund transfers between two bank accounts.
Security Considerations for Banks
Banks must carefully strategize their security measures, governance models, and predictive controls to establish a secure UPI environment. This ensures a smooth user experience while effectively managing security risks associated with the platform.
Requirements from Banks
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Security of UPI Environment: Ensure robust security measures for the UPI environment and interfacing systems.
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Identity Security on Mobile Devices: Implement measures to secure the identity stored on mobile devices.
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Adoption of New Security Tools: Introduce innovative security tools to align with the evolving business model.
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Advanced Analytics for Security Monitoring: Employ advanced analytics for proactive monitoring of security risks.
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Regulatory Compliance and Industry Standards: Ensure compliance with regulatory requirements and adhere to industry standards.
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Logs and Security for Forensics: Maintain comprehensive logs and security measures to facilitate forensic analysis.
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Response Processes: Establish effective response processes to swiftly address incidents.
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Knowledge Sharing with Customers: Share periodic knowledge and security bulletins with customers.
Scope of UPI Audit
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The UPI audit encompasses the thorough evaluation of: Hardware structure, operating systems, and critical applications, Security and controls, including access controls on key applications,Disaster recovery plans, personnel training, and documentation
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Audit Coverage: The audit should cover compliance with security best practices, specifically focusing on the application security lifecycle, patch/vulnerability management, change management, and adherence to NPCI-prescribed process flows.
- Process validation as per NPCI guidelines
- The audit should cover compliance as per security best practices, specifically the application security lifecycle, patch/ vulnerability management, change management and adherence to the process flow as given by NPCI from time-to-time.
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Mobile Application Penetration Testing: In-depth testing, specifying the version number in the report.
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Network-Server-Application Assessment: Detailed examination of associated network, server, OS, database, and web application details.
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Configuration Review: Secure-configuration-hardening, architecture review, and vulnerability assessment.
Why Work with us?
CERT-IN Empaneled Security Auditor
CERT-In empanels CEREIV for digital security verification, validating organizational readiness and system robustness.
Flexible Delivery
The CEREIV team acknowledges the importance of flexibility in test scheduling to achieve optimal results for customers.
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