Get Audit Consultation
"In the evolving digital landscape, safeguarding your Urban Cooperative Bank's digital assets and customer trust is paramount. With the Reserve Bank of India's (RBI) Comprehensive Cyber Security Framework for Urban Cooperative Banks, the need for robust and compliant cybersecurity and IT infrastructure has never been more critical.
Varutra is your dedicated partner, offering specialized cybersecurity and IT services designed to ensure your UCB not only meets but exceeds RBI's stringent guidelines, fostering resilience and operational excellence."
Why Choose Varutra for Your UCB?
RBI Framework Expertise
Deep understanding and practical experience with the RBI Circular, including its graded approach (Level I, II, III, IV) and specific control requirements.
Tailored Solutions:
We don’t believe in one-size-fits-all. Our services are customized to your UCB’s unique digital depth, risk profile, and offerings.
Proactive Security:
We focus on building a proactive defense posture to mitigate threats before they impact your operations.
Experienced Professionals:
Certified cybersecurity and IT experts with extensive BFSI experience, especially in cooperative banks.
End-to-End Support:
From analysis and development to monitoring and response, we provide comprehensive support.
Cybersecurity Services: Ensuring RBI Compliance & Beyond
We help your UCB navigate the complexities of the RBI Cyber Security Framework, providing services aligned with each key requirement:
- Development and review of a Board-approved, bank-specific cybersecurity policy, distinct from your IT policy.
- Establishing robust IT/IS Governance Frameworks, including support for IT Strategy Committee, IT Steering Committee, and Virtual Chief Information Security Officer (V-CISO) functions (or equivalent official).
- Cyber Crisis Management Plan (CCMP) development and testing.
- Comprehensive cyber risk assessments to identify vulnerabilities, threats, and potential impacts.
- Implementation of risk-based transaction monitoring systems.
- Vendor/Third-Party Risk Management: Ensuring security standards are met by all your third-party service providers.
- Data Leakage Prevention (DLP) strategy implementation.
- Encryption of sensitive data at rest and in transit.
- Protection of customer information.
- Multi-layered boundary defenses with properly configured firewalls, proxies, DMZ, IPS/IDS.
- Secure configuration of all systems, applications, and network devices.
- Implementation of strong access control mechanisms, including multi-factor authentication for CBS and other critical applications.
- Wireless network security and secure handling of removable media
- Network segmentation for critical financial infrastructures (ATM, CBS, SWIFT, RTGS, NEFT).
(For eligible UCBs – Level IV and above)
- Design, implementation, and management of a Cyber Security Operations Center (C-SOC) for continuous surveillance, threat detection, and incident response.
- Integration with Security Information and Event Management (SIEM) systems.
- Continuous monitoring and analysis of audit logs.
- Strengthening of cybersecurity incident reporting mechanisms as per RBI guidelines.
- Development and testing of comprehensive incident response plans (IRP).
- Cyber forensics and metrics for incident analysis.
Regular cybersecurity awareness programs for all employees, top management, and the Board, with a focus on phishing prevention and best practices.
- Gap analysis and compliance audits against the RBI Cyber Security Framework.
- Assistance in preparing for and responding to RBI audits and supervisory reporting requirements.
- Periodic testing and independent reviews by CERT-In empanelled auditors (where applicable).
IT Services: Empowering Your Digital Transformation
Beyond security, we offer essential IT services to optimize your UCB's operations:
IT Infrastructure Management
• Design, deployment, and management of robust and scalable IT infrastructure.
• Disaster Recovery (DR) and Business Continuity Planning (BCP) solutions.
Data Management & Analytics
• Secure data storage and backup solutions.
• Implementation of business intelligence tools for informed decision-making.
Managed IT Services
• 24/7 monitoring and support for your IT environment.
• Proactive maintenance and troubleshooting to minimize downtime.
The RBI Framework – A Graded Approach
The RBI's framework categorizes UCBs into four levels (I–IV) based on factors like digital adoption, payment system integration, cyber risk assessment, and third-party risks. We understand these distinctions and tailor our services accordingly:
Focus on foundational controls like bank-specific email domains with DMARC, two-factor authentication for CBS, and robust password management policies.
Includes Level 1 requirements plus enhanced network management, secure configurations, ASLC, periodic testing, anti-phishing, DLP, and incident response.
Builds on previous levels with advanced real-time threat defense, risk-based transaction monitoring, and centralized authentication (IAM).
Mandates the establishment of a dedicated Cyber Security Operations Center (C-SOC) for continuous surveillance and participation in cyber drills.
We provide a detailed gap assessment to help your UCB identify its current compliance level and chart a clear roadmap to achieve the necessary security posture.
Our Approach
Assess & Analyze
Conduct a thorough assessment of your existing IT and security infrastructure, policies, and practices against RBI guidelines.
Strategize & Design
Develop a tailored cybersecurity and IT strategy and roadmap that aligns with your UCB’s specific needs and RBI requirements.
Implement & Integrate
Deploy and integrate security solutions and IT infrastructure, ensuring minimal disruption to your operations.
Monitor & Manage
Provide continuous monitoring, management, and support to maintain your security posture and operational efficiency.
Train & Empower
Conduct regular training and awareness programs to empower your team with the knowledge and skills to identify and respond to cyber threats.
Audit & Report
Facilitate regular audits and provide comprehensive reports to ensure ongoing compliance and demonstrate your commitment to security.