Cyraac : Empowering Security in a Connected World as Your Trusted Cybersecurity Partner

CIO Vendor As India progresses, the cybersecurity landscape has transformed drastically due to digitalization, regulations, and sophisticated attacks. This has spurred demand for domestic cybersecurity firms. Furthermore, regulatory directives like RBI's Master Directions and SEBI guidelines have greatly emphasized strict compliance. However, Indian organizations typically fall into Compliance Driven or Risk Driven categories wherein these firms reactively meet requirements, lacking sustainability, while Risk Driven ones proactively integrate risk management. Post the Covid-19 pandemic, digital acceleration, particularly in banking and insurance, underscores the importance of robust cybersecurity controls aligned with business objectives.

CyRAACS, founded with a distinct philosophy, aims to revolutionize cybersecurity management. Empanelled with CERT-In, it plays a pivotal role in fortifying the cybersecurity stance of diverse entities including Public Sector Units, Banks, FinTech, Insurance, and Capital Market firms. Co-Founders, Murari Shanker and Suresh Iyer, possess over 30 years of expertise spanning Technology, Security, Operations, and Risk. With leadership roles in global organizations, they've spearheaded cybersecurity programs, navigating intricate business landscapes, regulatory frameworks, and technological advancements. Their forte lies in team building, cultivating diverse skill sets, and elevating cybersecurity discussions at the board level.

A True Security Vanguard

CyRAACS offers a comprehensive suite of cyber security services tailored to meet the unique needs of each client. From Governance, Risk & Compliance (GRC) services to technical assessments and cloud security, CyRAACS works with clients address their cybersecurity challenges. It provides actionable recommendations to enhance clients' security postures and transition them from reactive to proactive cybersecurity approaches. With a consultative approach and deep industry expertise, CyRAACS serves as an extended arm for its clients, managing their information security objectives and empowering them to navigate the evolving threat landscape with confidence.

At the core of CyRAACS' offerings is a commitment to delivering tailored solutions that address clients' specific security challenges. CyRAACS believes in fostering a culture of vigilance and preparedness which will enable organizations to stay ahead of potential threats and minimize the impact of cyber incidents. This is carried out through collabo-ration, innovation, and resilience, wherein, CyRAACS equips clients with the tools and strategies necessary to navigate the complexities of the digital landscape securely.

Approximately 70 percent of client engagements commence by addressing a primary security concern. This could involve conducting infrastructure or application security testing (VAPT), facilitating compliance with Information Security standards (ISO 27001, SOC 2, RBI Master Directions), or meeting specific customer requisites on Information Security. Moreover, CyRAACS specializes in Information Security programs, offering tailored controls aligned with clients' needs and risk appetite. Its CISO Services act
as an extended Information Security team, managing all security aspects on behalf of clients. The company also conducts cybersecurity audits and regulatory audits for various organizations, including banks and fintechs.

CyRAACS has a team of 100+ consultants specializing in tailored security solutions across various industries. With 1000+ successful global projects, they excel in security framework development, technical assessments (Red Team evaluations, Cybersecurity drills), maturity model evaluations, and audits for regulatory compliance. Their Technical Services team offers testing for Infrastructure, Cloud, Applications, and APIs, covering technical flaws and business logic issues. They also provide niche services like Red Team assessments, Phishing Assessments, Secure Code Review, and Malware analysis. The team holds certifications including CISSP, CCSP, CISM, CISA, CBCP, OSCP, CRTP, CEH, and ITIL, with expertise in information security, data privacy, risk management, and technology.

Emphasis on managing third-party risks will continue to grow as the boundaries between financial institutions & techno-logy providers blur

“With the increasing reliance on third parties, looking at the risk volumes is crucial. To mitigate risk, we offer comprehensive Third-Party Security Assessments which identifies security risks within the supply chain and diminish it. Also, emphasis on managing third-party risks will continue to grow as the boundaries between financial institutions and technology providers blur,” explains Murari Shanker, Co-Founder of the company.

Today, CyRAACS is known in the market as a Trusted Security Partner having successfully catered to numerous players in India's BFSI sector, including HDFC Bank, Karur Vysya Bank, Jana Small Finance Bank, and others. Specializing in cyber security, the company conducts various assessments like Cyber Security Audits, Risk Assessments, VAPT, Red Team Assessments, and more. It also handles Regulatory Audits, ensuring compliance posture is maintained. Beyond BFSI, CyRAACS serves IT/ITES/Cloudfirst companies and new-age tech firms. Additionally, it provides services to divisions of conglomerates like Aditya Birla, Godrej, and Reliance, as well as international clients in the US, Middle East, and Europe, focusing on areas such as Cloud Security Compliance and Business Continuity.

Further showcasing its competency in the field, CyRAACS has been bestowed with numerous awards since its incorporation, including being named the 'Best Cyber Security Consulting Company of the Year' in 2019, recognized as one of the '20 Most Trusted Cybersecurity Companies in India' by The Global Hues in 2021, 'No. 1 Cyber Security Company for SMB and Startups in India' by Inventiva in 2022 and ‘Cyber Security Innovator of the year’ at CISO Conclave & Awards (2023).

Robust Roadmap Ahead

CyRAACS is dedicated to advancing its service portfolio, prioritizing IoT Security testing, Automated Threat Management, and Next-Gen Security Operations driven by AI-powered SIEM/SOAR/EDR. “Additionally, we aim to bolster our expertise in Third-Party Risk Management. Our vision is to revolutionize cybersecurity with COMPASS, our cutting-edge platform. COMPASS is a lightweight, niche cybersecurity solution crafted by experts with over 100 years of combined experience. It supports 35+ global cybersecurity standards, offering customizable frameworks and reporting tools. Acting as the single-source of truth, COMPASS aids organizations in maintaining compliance and audit readiness,” concludes Suresh.