IRDA Cyber Security Audit
The key objectives of the IRDA Cybersecurity framework are to ensure that a Board approved Information and Cyber Security policy is in place with all insurers, to ensure that necessary implementation procedures are laid down by insurers for Information and Cyber Security related issues, to ensure the preparedness to mitigate information and cyber security related risks, and ensure that an in-built governance mechanism is in place for effective implementation of the Information and cyber security framework.
The guidelines are applicable to all insurers regulated by IRDA and to all data created, received, or maintained by insurers, wherever these data records are and whatever form they are in while carrying out their designated duties and functions.
The guidelines mandate that the Insurers’ Risk Management Committee should be responsible for an annual comprehensive assurance audit, including conducting VAPT and reporting the findings to IRDA. As a CERT-IN empanelled body, Shieldbyte Infosec can help insurers understand, manage, and comply with IRDA’s Cyber Security requirements as published in the IRDA’s guidelines on information and cyber security for insurers.
Our audit methodology ensures that all entities achieve complete regulatory compliance, improved risk management, and enhanced operational resilience
Our Approach
Scope Definition and Information Gathering
Defining audit objectives, understanding the organization’s business model, and collecting details about IT infrastructure, applications, and critical data assets.
Governance and Policy Review
Evaluating the cybersecurity governance structure, board-level oversight, and management accountability as mandated by IRDAI.
Risk Identification and Control Assessment
Identifying cyber risks, mapping existing controls, and analyzing their effectiveness against IRDAI’s prescribed standards and best practices.
Technical and Infrastructure Evaluation
Reviewing network architecture, endpoint security, encryption mechanisms, access management, and data loss prevention systems for adequacy.
Third-Party and Vendor Risk Management
Assessing outsourcing arrangements, vendor agreements, and cloud service providers for compliance with IRDAI’s third-party oversight requirements.
Incident Management and Resilience Readiness
Evaluating detection, response, and recovery mechanisms to ensure compliance with IRDAI’s incident reporting and cyber resilience framework.
Documentation and Evidence Verification
Reviewing policies, incident logs, audit trails, and evidence documentation to confirm control implementation and traceability.
Gap Identification and Remediation Guidance
Highlighting non-compliances, providing actionable remediation steps, and assisting in policy and control improvements for closure.
Final Audit and Compliance Certification
Verifying corrective actions, validating evidence, and issuing a detailed audit report and Compliance Certificate as per IRDAI requirements.
Why Choose Shieldbyte Infosec?
CERT-In Empanelled
Recognized by the Government of India for security audits.
Proven Expertise
350+ clients across banking, IT, insurance, healthcare, and manufacturing.
End-to-End Support
From scoping to remediation and final certification.
Let’s Strengthen Your Cyber Defenses
Enhance protection, reduce risk, and support your growth objectives