NABARD security audit evaluates the cyber, physical security and operational security of financial companies. It ensures that insurance companies comply with the regulations set by NABARD, evaluates practices for risk management and response procedures being followed in the company. The audit also reviews access controls, staff training, and system vulnerability to identify and address potential security issues.
Core Functions:
- Evaluating the digital security measures followed for being secure against cyber threats or attacks
- Evaluating physical security and access controls
- Ensuring that the company follows security regulations and standards set by NABARD
- Analyzing security risks and trying to reduce them
Key Systems:
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Cyber Security Systems: Emerging technologies and tools for securing companies against cyber threats or attacks.
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Physical Security Systems: Security measures for physical facilities, including access control systems, alarm systems, etc.
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Compliance Management Systems: Systems that ensure companies follow regulatory requirements and guidelines.
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Risk Management Systems: Systems for detecting, evaluating, and reducing risks and incident response.