NABARD IS Audit
NABARD schedules Information Systems audits of District Co-operative Banks (DCBs) to assess the effectiveness, security, and compliance of their IT infrastructure and processes. NABARD IS audits help ensure the reliability and stability of rural financial systems, crucial for the economic development of rural India.
An IT security assessment involves thorough examinations of vulnerabilities within IT systems and business processes. Furthermore, it encompasses the formulation of recommendations aimed at mitigating these vulnerabilities and lowering the risk of potential future cyber attacks. An IT security assessment is a comprehensive process involving checks for vulnerabilities within IT systems and business processes. It encompasses recommending strategic steps to lower the risk of potential future cyber attacks. Furthermore, security assessments are instrumental in keeping systems and policies up-to-date, fostering a culture of security and constant vigilance.
Internal or Third-Party Assessment
Security assessments can be conducted either internally, with the assistance of an internal IT team, or through a third-party assessor. Opting for a third-party assessment becomes particularly beneficial when an internal preliminary assessment reveals significant security gaps, or when an organization lacks a dedicated team of IT professionals with expertise in this area.
Components of a Security Assessment
- Security review: An interactive procedure involving the identification of security concerns and their associated risk levels, alongside the development of a strategy to alleviate these risks.
- Security testing: The act of discovering vulnerabilities within software applications or processes.
Conducting an Internal Security Review: Step-by-Step Guide
Conducting regular security assessments is the first step to building a culture of security and constant vigilance. Below mentioned are the steps involved in conducting an internal security review:
Create a core assessment team
This dedicated team will lead the assessment, prepare the report, and suggest recommendations.
Review existing security policies
Ensure that security policies cover strategies, data backup plans, password management policies, and security update/patch timelines.
Create a database of IT assets
Prepare a comprehensive list of software and hardware assets, including networks, servers, desktops, laptops, software applications, websites, POS devices, and personal devices used by employees.
Understand threats and vulnerabilities
Identify potential gaps in the system that threats could exploit, utilizing IT security software for features such as vulnerability scanning and alerts.
Estimate the impact
Categorize the impact of a cyberattack as high, medium, or low based on severity and estimated cost.
Determine the likelihood
Categorize the likelihood of each potential risk as high, medium, or low. The risk level increases with a higher likelihood.
Why Work with us?
CERT-IN Empaneled Security Auditor
CERT-In empanels CEREIV for conducting digital security verification services to validate the readiness of organizations and their systems.
Flexible Delivery
The CEREIV team understands the need for flexibility in scheduling tests, ensuring customers achieve optimal results.
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