Audit the Regulator's Intent — Not Just the Checklist.
Every regulatory audit we conduct is designed to satisfy the examiner who issued the circular — because we understand why the regulation was written, not just what it says. Deep, regulator-intended audits — not surface compliance.
As a system auditor empanelled with NSE, BSE, MSE, MCX, and NCDEX, and through our CERT-In empanelled cybersecurity partner entity (Ownzap Infosec Pvt. Ltd.), Zorixx has the credentials and depth to serve India’s most regulated institutions.
SEBI System Audit — Scope
- IT infrastructure review — servers, networking, data centre controls, cloud deployment
- Application system audit — trading platforms, back-office systems, risk management systems
- Cybersecurity controls — access management, vulnerability management, endpoint security, monitoring
- Business continuity and DR — RTO/RPO compliance, DR drill assessment and documentation
- Change management — system change controls, version management, release procedures
- Vendor/outsourcing risk — critical vendor controls, SLA monitoring, third-party audits
- Log management — SIEM coverage, log retention, audit trail integrity, alert review
- Incident response readiness — IRP, escalation matrix, SEBI reporting procedures
- User access management — PAM, dormant accounts, maker-checker controls
Who We Serve Under SEBI
Application controls automate business rule enforcement. They are critical for financial reporting integrity, compliance, and fraud prevention. ITAC failures are often the source of material weaknesses in financial audits.
Stock Brokers & Trading Members
Annual system audit, CSCRF compliance, VAPT, cyber resilience review.
AMCs (Asset Management Companies)
System audit, data governance, cybersecurity assessment, investor data protection.
PMS & AIF Managers
SEBI-mandated IT audit, cybersecurity review, governance assessment.
Depository Participants (DPs)
System audit, client data security, IT governance assessment — NSDL and CDSL registered.
Clearing Corporations
Deep system audit, network security, DR/BCP assessment.
Market Infrastructure Institutions
Infrastructure-level system audit, exchange cybersecurity review.
SEBI CSCRF — Cyber Security and Cyber Resilience Framework
SEBI’s CSCRF is the most comprehensive cybersecurity framework for capital market intermediaries — mandating risk-based cybersecurity across Identify, Protect, Detect, Respond, and Recover domains.
- CSCRF baseline assessment — current vs. required maturity mapping
- Gap analysis with prioritised remediation roadmap
- SOC implementation advisory — technology, process, staffing model
- Vulnerability management program design
- DR testing — design, execution, documentation per SEBI requirements
- Annual CSCRF compliance submission support
- Board-level cybersecurity governance design
RBI / NPCI — BANKING & PAYMENTS REGULATORY AUDITS
RBI Information Systems (IS) Audit
Applicable to: Scheduled Commercial Banks, UCBs, NBFCs, Payment System Operators, Payment Aggregators and Gateways.
- IT governance — IT strategy, IT steering committee, CIO/CISO accountability
- IT risk management — identification, assessment, mitigation framework
- Information security policies — adequacy and implementation
- Access management — IAM, PAM, MFA enforcement
- Network security — perimeter defence, segmentation, monitoring
- Application security — banking apps, internet banking, mobile banking
- Incident management — detection, response, 2-hour/6-hour RBI reporting timelines
- DR/BCP — RTO/RPO compliance, DR drill
- Outsourcing risk — cloud providers, third-party vendors
SWIFT Security Controls Assessment (CSCF)
- Device data, behavioural data, location data — each requires specific consent
- Credit scoring data — automated decision-making implications
- Account aggregator data flows — emerging regulatory intersection
- Children’s data — age verification requirements for youth-targeted products
Digital Payments Security & Data Localisation Audit
- NPCI-mandated controls for UPI, IMPS, NACH participants
- Payment gateway and aggregator security review
- Transaction monitoring and fraud detection systems
- RBI data localisation — payment system data storage compliance in India
- Cross-border data flow mapping and review
- Cloud deployment assessment for data residency
IRDAI Information & Cyber Security (ICS) Audit
Applicable to: Life Insurers, General Insurers, Health Insurers, Reinsurers, Corporate Agents, Insurance Brokers, Third Party Administrators (TPAs).
- Information security governance — IS policy, CISO role, board-level IS oversight
- Asset management — information asset inventory, classification, and labelling
- Access control — IAM, PAM, role-based access, periodic access certification
- Cryptography — encryption at rest and in transit, key management lifecycle
- Physical and environmental security — data centre, server room controls
- Operations security — change management, malware protection, capacity management
- Communications security — network segmentation, secure transfer protocols, email security
- System development security — SDLC security controls, secure coding standards
- Supplier relationship security — third-party risk, vendor security assessments
- Incident management — IRP, breach notification timelines, forensic readiness
- Business continuity — BCM framework, DR testing, recovery procedures
- VAPT — web portal, mobile app, API, network infrastructure
- Log management and monitoring — SIEM, alerts, log retention
ISNP Audit is a Zorixx Signature Service — We Are Specialists in This Area
The Insurance Self-Network Platform (ISNP) is the IRDAI-mandated digital distribution platform through which insurance products are sold online. Every ISNP operator — whether an insurer running its own web portal or a web aggregator — must obtain IRDAI approval and maintain specific security standards.
Zorixx’s ISNP Audit combines IRDAI regulatory expertise, web application security skills, and insurance domain knowledge in one integrated assessment.
Platform architecture review
Server infrastructure, hosting environment, CDN, WAF
Web application security
OWASP Top 10, business logic, authentication security
Customer data security
Premium data, KYC data, health data, nominee data protection
Payment gateway integration
PCI-DSS controls, tokenisation, secure payment flows
Authentication and session security
Login security, OTP mechanisms, session timeout
API security
Third-party insurer API integrations, aggregator feed security, rate limiting
Data privacy controls
Customer consent capture, data minimisation, retention policies
DPDPA readiness for ISNP customer data
Personal data processing compliance
Fraud prevention controls
Synthetic identity risk, mis-selling risk controls
Audit log completeness
ISNP transaction trail, user action logging
Availability controls
Load balancing, failover configuration, DR for ISNP
IRDAI certificate
IRDAI compliance certificate preparation support
Investment Risk Management Systems Process (IRMSP) Audit
- IRMSP governance — risk committee, CRO accountability, risk reporting lines
- IT and cyber risk integration into enterprise risk framework
- Key Risk Indicators (KRIs) — adequacy, monitoring, breach escalation
- Risk appetite framework — board-approved risk limits
- Operational risk management — process controls, loss data collection
- BCP/BCM framework review
- Reinsurance risk controls — treaty review, counterparty risk management
OTHER REGULATORY AUDITS
UIDAI — AUA/KUA Compliance Audit
Aadhaar vault security, encryption, access controls, audit logs, UIDAI guidelines compliance for Authentication and KYC User Agencies.
CERT-In Cyber Audit Programs
Comprehensive security controls review, incident response readiness, log retention (180-day), reporting procedure verification.
MCA Audit Trail Review
Rule 11(g) audit trail review for accounting software — see Governance, Risk & Assurance service for full details.
CCA (eSign) Compliance
Compliance review for Certifying Authorities and eSign Service Providers under IT Act and CCA guidelines.
