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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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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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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 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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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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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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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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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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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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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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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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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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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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This is an informative blogpost on Risk Based Vulnerability Management. How organizations can manage & prioritize remediation of their issues.
In the world of cyber risk management, the Butterfly Effect serves as a powerful metaphor. A minor security flaw—just like the flap of a butterfly’s wings—can set off a cascade of events, leading to catastrophic breaches, vulnerabilities, financial losses, reputational
The term “super wicked problems“ was first introduced in a 2012 paper by Kelly Levin, Benjamin Cashore, Graeme Auld, and Steven Bernstein. It was developed to describe unique global challenges, particularly climate change, that are characterized by extreme complexity, urgency,
In an important development for financial market participants, the Securities and Exchange Board of India (SEBI) has announced a three-month extension for compliance with its Cybersecurity and Cyber Resilience Framework (CSCRF). The updated deadline for implementation is now June 30,
Introduction In the world of cybersecurity, vulnerabilities are an inevitable reality. No system, no matter how secure, is immune to flaws. Similarly, in life, every action has consequences—a principle deeply rooted in the concept of karma. Just as karma dictates
Cybersecurity audits often evoke a sense of apprehension. They are seen as necessary evils—tasks that can expose a multitude of vulnerabilities, compliance gaps, and security lapses. Much like Pandora’s box, the fear is that opening the audit process will unleash
A Case for Unified Controls Framework: Once upon a time, in the realm of cybersecurity, there were six experts, each specializing in a critical domain: Access Management, Asset Management, Risk Management, Incident Management, Data Protection, and Threat Management. Like the
Managing Governance, Risk, and Compliance (GRC) workflows in large enterprises is much like conducting a grand orchestra. Just as a symphony requires precise coordination among musicians, GRC workflows demand synchronization among audit managers, auditors, auditees, compliance teams, and stakeholders. If
In Miguel de Cervantes’ timeless tale, Don Quixote, the titular knight charges at windmills, mistaking them for ferocious giants. This iconic scene captures the essence of misaligned efforts: a noble intention aimed at the wrong target. For many organizations, regulatory
In the realm of cybersecurity, Vulnerability Management often feels like a Sisyphean task. The Greek myth of Sisyphus, eternally condemned to roll a massive boulder up a hill only to have it roll back down, resonates deeply with security teams
The Seesaw Effect refers to the phenomenon where focusing too much on one aspect causes a decline in another, akin to a physical seesaw where one side rises while the other falls. The concept, though often intuitive, is widely used
In Plato’s allegory of the cave, prisoners are shackled in such a way that they can only see shadows cast on a wall, mistaking these shadows for the entirety of reality. To break free from these constraints and gain a
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
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