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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.
The Five Monkeys and the Compliance Trap
There’s a parable often cited in behavioral science circles — simple, almost whimsical on the surface, but deeply revealing. The experiment may be apocryphal, but the metaphor is painfully real — especially in the world of cyber risk and compliance.
The Panopticon Effect and Compliance Monitoring
In the late 18th century, English philosopher and social theorist Jeremy Bentham proposed a radical architectural design for prisons known as the “Panopticon.” The concept was simple yet profound: a circular prison building with a central observation tower. The unique
The Butterfly Effect in Cybersecurity: How Small Vulnerabilities Lead to Massive Breaches
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
Super Wicked Problems in the Context of Cybersecurity
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,
SEBI Extends Cybersecurity and Cyber Resilience Framework Compliance Deadline for Regulated Entities
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,
Karma and Vulnerability Management: A Cybersecurity Perspective on Vulnerabilities
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
Pandora’s Box or Treasure Chest? Reframing Cybersecurity Audits
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
The Six Blind Men and the Security Elephant: A Case for Unified Controls Framework
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
GRC Workflows as an Orchestra: A Symphony of Compliance and Risk Management
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
The Windmills of Regulation: Tackling Misaligned Compliance Efforts
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
Vulnerability Management: The Sisyphean Boulder of Cybersecurity
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: A Balancing Act in Cybersecurity
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
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