Services
/IS Audit for Banking Sector
An Information System (IS) Audit is a thorough assessment aimed at evaluating and enhancing the effectiveness of a bank’s information systems. It plays a crucial role in identifying vulnerabilities, ensuring security, and mitigating risks.
Conducting regular IS Audits is vital for monitoring and strengthening a bank's internal controls and operational processes. By examining various components of the information systems, the audit provides valuable insights into potential risks, operational performance, and compliance. A well-executed IS Audit not only ensures the integrity and security of a bank's systems but also helps maintain operational resilience. It offers a structured approach to managing emerging risks and adapting to new challenges, allowing banks to stay compliant with regulatory requirements while enhancing performance and service quality.
Comprehensive Coverage to Ensure Security and Compliance
Our IS (Information Systems) Audit services for banks are designed to provide a thorough assessment of your IT infrastructure, ensuring security, efficiency, and regulatory compliance. We focus on the critical areas that protect your financial systems and data. Here’s what our IS Audit covers:
1. Governance, Risk, and Compliance (GRC)
We begin with a detailed evaluation of your governance frameworks, identifying risks and ensuring compliance with industry standards and regulations. Our audit will:
- Define audit objectives and scope based on your needs.
- Identify key risks, from data breaches to system failures, and evaluate their potential impact.
- Ensure your systems comply with relevant laws and regulations, such as GDPR, PCI-DSS, and SOX.
2. IT Security and Controls
A robust IT security structure is crucial for any bank. We review your internal security controls and systems to identify potential vulnerabilities and ensure your defenses are strong. This includes:
- Evaluating access controls, encryption practices, and user authentication methods.
- Conducting network and system security assessments, including penetration testing and vulnerability analysis.
- Reviewing your incident management protocols, ensuring rapid detection, reporting, and response to any breaches or incidents.
3. Data Integrity and System Evaluation
Maintaining accurate, secure data is essential for operational efficiency and regulatory compliance. Our audit ensures that:
- Your data is accurate, complete, and aligned with regulatory standards.
- Core systems, applications, and software are configured correctly and functioning as intended.
- Data is processed, stored, and backed up securely, with a focus on minimizing the risk of corruption or loss.
4. Physical and Environmental Security
We assess the physical security of your IT infrastructure to prevent unauthorized access, theft, or damage. This includes:
- Evaluating the security of data centers and server rooms to prevent unauthorized physical access.
- Reviewing environmental controls such as power supply, cooling, and disaster recovery systems to safeguard against physical disruptions.
- Ensuring your disaster recovery and business continuity plans are up to date and effective in the event of a crisis.
The information system audit may encompass almost all the resources of IT infrastructure. Thus, it will involve evaluation of hardware, application of software, data resources and the people. However, one of the most important resources that attract the attention of an information system auditor is the application software.
The application software audit is carried out with the objective of establishing whether or not:
- The procedure and methods established for developing an application were actually followed;
- Adequate controls were built in to the application software; and
- Adequate controls were provided in the process of maintenance of software.
The objectives of a detailed review of the application shall be influenced by the method of procurement of the software. It is so because the vulnerability of application software for custom-made software is different from that of ready-made software.
Conducting an IS Audit has the benefits of educating the business community on how their work adds value to an organization. It covers a wide range of IT processing and communication infrastructure and provides a clear perspective on their role in an organization.
The following are the key benefit of conducting IS audit of a Bank:- Reduction of IT Risk, as they are assessed through the entire cycle and best practices are suggested as per the ISO/IEC 27001 Information security Management frameworks.
- Improving IT governance by reducing risks, improving security, complying with regulations and facilitating communication between technology and business management
- Strengthening business efficiency and system and process controls.
- Planning for contingencies and disaster recovery.
- Improved Management of the information & developing systems of the business.
Why ANA Cyber?
We at ANA cyber are cyber security strategy, management and compliance partners for banks and credit societies of all sizes. We understand the strict guidelines imposed by RBI and IT Act 2000 on the financial industry and provide a complete suite of cyber security Compliance and Audit services that help keep your organization up to date with the latest regulatory requirements.
At ANA Cyber Information system audit is carried out by professionals who are not only well versed with the complex information system issues but also know how to relate them to the business.
Differentiating Factors:- Compliant Pvt. Ltd. Company
- Presence of Techno-Legal experts
- ISO 27001:2022 certified company
- Extensive and proven experience in the field of Information Security
- Impressive track record in Quality Service delivery with niche client portfolio
- Ethical and trustworthy execution of projects
- Complete confidentiality is maintained by signing an NDA with employees who are working on project/Assignment
- PMP, CISSP, CISA, ISO 27001:2022 LA, CEH, CHFI, ECSA, CNSS, US-cert OPSEC Certified professionals
- Customize Information Security Services as per client need
- Our extensive support to the organization’s IT Team sets us apart from the rest.
Services Offered
- Data Centre Audit
- Network Security Architecture Review
- Phishing Attack Simulation
Data Centre Audit
Companies and their IT necessities advance and so do their IT infrastructure and data centres. ANA Cyber provides you with the best technical auditors having vast experience in data centre auditing. We have the expertise to audit the server’s network peripherals, power infrastructure, security deployed, etc.
We also help to identify the physical security issues in the data centre environment while making it difficult for malicious users with less technical acumen to access sensitive data. People not only being the security threat, disaster recovery is also included under the skyline of physical security.
Datacentre audits will not only help you secure your valuable and critical data but also upsurge the availability of your data centre infrastructure. This will ensure continuous improving efficiency and manageability and minimize risk of business interruption.
Data centre audits help to adapt with the business and continue to give competitive advantage at the same time minimizing risk of failure.
Network Security Architecture Review
Since most security networks used by corporate, business and government have been implemented during an era when security was not a strong priority, they have become vulnerable in this age of the dark net. To rectify this situation it is important to redesign these networks keeping in mind the variety of threats posed by cyber attacks and the compliances that are required to be in place.
Network security architecture which ensures solid and exhaustive defence of the organization’s network, will mitigate these rists.
Benefits:- Ensures secure network architecture.
- More reliable and efficient network.
- Helps to reduce resources and time spent on remediation by assessing risks and remediating gaps found in implementation and technologies.
- Solid and exhaustive defence confidence.
- Secure layered security in Network.
- Alignment of network with industry recognized best practices.
- Reduce unexpected costs due to security incidents.
- Reduce compliance exposures
Phishing Attack Simulation
This exercise is undertaking due to the realisation that a single mistake made by a single employee, such as clinking a link, can cause untold damage to a compmany.
- Phishing is popular with cyber criminals because it enables them to steal financial and personal information by exploiting human behaviour.
- Phishing simulation guards your business against social engineering threats by training your employees to identify and report them.
- Typically a part of user security awareness, phishing simulation training is one of the cyber security measures being used to help stop attempted phishing incidents.
- Phishing simulation helps employees recognize, avoid, and report potential threats that can compromise critical business data and systems, including phishing, malware, ransomware, and spyware.
- As part of the training, phishing simulations and other mock attacks are typically used to test and reinforce good employee behaviour.
- Advanced solutions provide highly-variable attack simulations for multiple vectors, including voice, text messages and physical media.
Get In Touch
Contact
For more information on how we can help you secure your data, get you compliant and protect your business, please complete the form below and one of Information security / Cyber Forensic expert and Compliance specialists will respond to you as soon as possible.