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Request for Proposal Template for a GRC Product (Cyber Governance, Risk, and Compliance)
1. Introduction This Request for Proposal (RFP) is issued by [Your Organization’s Name] to solicit proposals from qualified vendors for a Governance, Risk, and Compliance (GRC) solution. Request for Proposal Template for a GRC product should support the organization’s need
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SEBI Cyber Capability Index (CCI)
The SEBI Cyber Capability Index (CCI) is a framework created to assess and quantify the cybersecurity preparedness and resilience of Market Infrastructure Institutions (MIIs) and Qualified Regulated Entities (REs). Its goal is to provide a standardized measurement of cybersecurity maturity
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SEBI’s Cybersecurity and Cyber Resilience Framework (CSCRF) Circular
Introduction: On August 20, 2024, SEBI introduced a comprehensive Cybersecurity and Cyber Resilience Framework (CSCRF) aimed at enhancing the protection of IT infrastructure and data across SEBI-regulated entities (REs). This circular is designed to ensure uniformity in cybersecurity measures and
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The Microsoft-CrowdStrike BSOD: A Black Swan in Cybersecurity?
The world witnessed a Black Swan in Cybersecurity recently: a global outage caused by a bug in cybersecurity software, led to the dreaded Blue Screen of Death (BSOD) on countless Microsoft Windows machines. This wasn’t your typical cyberattack, and understanding
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Don’t Sleep on Cybersecurity: Why Cyber Risk Assessments are the Secret Weapon of Successful M&A
The world of mergers and acquisitions (M&A) is a thrilling one, pulsating with the promise of growth, market dominance, and an exciting new chapter for involved businesses. But amidst the champagne toasts and boardroom negotiations, a crucial element often gets
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Part 2: The Buyer’s Cybersecurity Shield: Best Practices for cyber risk assessments in M and A
In our previous post, the importance of cyber risk assessments in M and A was explained thoroughly. Mergers and acquisitions (M&A) represent a strategic opportunity for companies to achieve market leadership, expand capabilities, and propel significant growth. However, navigating the
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The Seller’s Guide to Proactive Cybersecurity: Best Practices for M&A Success
In our previous blog, we explained in detail from a buyer’s perspective. This professional guide equips sellers with the knowledge and best practices to confidently navigate M&A negotiations while demonstrating a commitment to robust cybersecurity practices. Mergers and acquisitions (M&A)
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Understanding and Managing Different Types of Cyber Risks
Cyber risks have become a significant concern for organizations worldwide. Different Types of Cyber Risks come in various forms and can originate from multiple sources. Broadly, cyber risks can be categorized into three main types: Technical Vulnerabilities, Process/Policy Gaps, and
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SEBI Framework for Adoption of Cloud Services
Introduction The Securities and Exchange Board of India (SEBI) has released a comprehensive framework for the adoption of cloud services by SEBI-regulated entities (REs)[1]. SEBI Framework for Adoption of Cloud Services aims to provide baseline security standards, ensure compliance with
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RBI Master Direction on Information Technology Governance, Risk, Controls, and Assurance Practices
Overview The Reserve Bank of India (RBI) has released comprehensive directions to enhance IT governance, risk management, control mechanisms, and assurance practices among regulated entities. Effective April 1, 2024, RBI Master Direction on Information Technology Governance, Risk, Controls, and Assurance
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The Power of Automation in Compliance Audit Management
In the previous blog, we explored the challenges in manually managing compliance audits. Automation in Compliance Audit Management can transform the arduous manual audit and compliance management process into a streamlined, efficient, and accurate system. Here’s how automation can help
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SEBI’s New Framework for Regulated Entities
Securities and Exchange Board of India (SEBI) has introduced a comprehensive Consultation Paper on a Consolidated Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs). SEBI’s New Framework for Regulated Entities aims to bolster the cybersecurity defenses and
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SEBI Cybersecurity and Cyber Resilience Framework (CSCRF) Announcement
Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs) Summary: The 206th Board meeting of SEBI held in Mumbai on June 27th approved the Cybersecurity and Cyber Resilience Framework (CSCRF), a standard-based approach designed to enhance cybersecurity and
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Risk Based Vulnerability Management (RBVM)
This is an informative blogpost on Risk Based Vulnerability Management. How organizations can manage & prioritize remediation of their issues.
Request for Proposal Template for a GRC Product (Cyber Governance, Risk, and Compliance)
1. Introduction This Request for Proposal (RFP) is issued by [Your Organization’s Name] to solicit proposals from qualified vendors for a Governance, Risk, and Compliance (GRC) solution. The Proposal Template for a GRC Product should support the organization’s need to
The Little Dutch Boy of Cybersecurity: Plugging Control Gaps Before They Flood Your Systems
What Are Control Gaps in IT Security? Control gaps are the unseen cracks in an organization’s cybersecurity defenses—missing, weak, or misconfigured measures that fail to safeguard against evolving threats. They might be as simple as an unpatched system, an overly
IT Audit Planning Guide and Free Templates
Introduction Effective IT audit planning is the cornerstone of a successful compliance journey, ensuring organizations can meet regulatory requirements and uphold their security and operational standards. This IT audit planning guide introduces a structured audit planning framework that integrates the
The Art of GRC Audits: Insights from Sun Tzu’s The Art of War
In the dynamic world of cybersecurity, the metaphorical battlefield is constantly evolving. The threat landscape is as unpredictable and as dangerous as any warzone. To combat this, organizations must fortify their defenses, ensure compliance, and conduct regular audits. But what
The Emperor Has No Clothes: The Illusion of Security with Tick box Compliance
In Hans Christian Andersen’s classic tale, The Emperor’s New Clothes, two swindlers deceive an emperor into believing he is wearing a magnificent suit of clothes, invisible to anyone who is “unfit for their office.” No one dares to admit
Understanding ISMS: Information Security Management Systems
In an age where data is one of the most valuable assets for organizations, ensuring its protection has become paramount. As cyber threats grow in both complexity and frequency, businesses worldwide are increasingly adopting frameworks and standards to safeguard their
Navigating IRDAI Cyber Security Guidelines: A Guide for Insurers and Intermediaries
Introduction The Insurance Regulatory and Development Authority of India (IRDAI) introduced comprehensive Cyber Security Guidelines in 2023 to bolster the cyber resilience of insurers and intermediaries. The IRDAI Cyber Security Guidelines establish robust frameworks to protect critical information assets, mitigate
The Cyber GRC Automation Paradox and the Audit Manager: A Modern-Day Kalidasa’s Tale
In today’s fast-evolving business environment, organizations are constantly pressured to adopt new technologies to stay competitive. One area undergoing rapid transformation is Cyber Governance, Risk, and Compliance (Cyber GRC) automation, where AI and automation are reshaping industry practices. This shift
Understanding SEBI’s Guidelines on Outsourcing for Intermediaries
Introduction: The Securities and Exchange Board of India (SEBI) provides guidelines for outsourcing of activities by intermediaries. SEBI’s Guidelines on Outsourcing are designed to ensure that intermediaries maintain high standards of service and diligence, even when outsourcing certain activities. This
Third-Party Risk Management: A Key Pillar for de-risking your business
In today’s interconnected business landscape, organizations rely heavily on third-party vendors for operational efficiency, specialized expertise, and services. While these partnerships drive innovation and scalability, they also introduce risks that can threaten data security, compliance, and business continuity. Third-Party Risk
Demystifying the Zoo of Cyber Risks
In the ever-evolving landscape of cyber risks and threats, understanding the different types of risks can feel like navigating a zoo of exotic and unpredictable creatures. Each type of risk—be it a Black Swan, Grey Rhino, White Elephant, or Black
Unpacking the Security Controls Framework (SCF)
The increasing complexity of cyber threats and regulatory demands calls for a structured, efficient approach to managing security and compliance. The Security Controls Framework (SCF) provides a unified model that simplifies the implementation of security measures while ensuring adherence to
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