GRC Services › Cyber Risk Assessment
Cyber Risk Assessment — Risk your board can actually act on
SIRI Security's cyber risk assessment goes beyond a heat-map exercise to quantify actual exposure — likelihood and business impact — so leadership can make real budget and priority decisions.
62%Of cloud detections
6 HRCERT-In notification window
29.44LIncidents CERT-In handled
Why GRC is now a named line item for boards
Live tracking · scroll to see every relevant change
Effective
31 JUL 2026
RBI's 2026 Framework expects a structured risk-management approach, not point-in-time compliance checks — the core discipline GRC services are built to operationalise.
Named requirement
SEBI CSCRF
SEBI's framework layers its own risk and reporting obligations on regulated intermediaries, on top of general GRC practice.
Named requirement
DPDPA
India's Digital Personal Data Protection Act expects demonstrable data-risk governance, including third-party and vendor risk.
Baseline
6 HR WINDOW
CERT-In's notification requirement makes risk visibility a precondition, not an afterthought, for meeting the deadline.
Underwriting standard
CYBER INSURANCE
Cyber insurers increasingly verify represented controls before binding or renewing cover — a gap between claimed and actual posture directly affects a claim.
Risk management the board can act on, not a spreadsheet nobody updates
What is a Cyber Risk Assessment?
A cyber risk assessment identifies your organisation's actual cyber risks — technical, third-party, and process-related — and scores them by likelihood and business impact, rather than producing a generic red/amber/green heat map that doesn't help anyone decide what to fund first.
We interview stakeholders across the business, not just IT, since a meaningful share of cyber risk lives in vendor relationships, process gaps, and single points of failure that a technical scan alone won't surface.
Third-party risk is often the largest unmanaged exposure
Vendor and third-party relationships routinely carry as much data and system access as internal teams — without a formal TPRM programme, that risk is invisible until it becomes an incident.
SIRI Security delivers Cyber Risk Assessment to this standard directly — practitioner-led, documented, and connected to SIRI Law LLP's legal and regulatory response if a finding ever needs to go further.
What organisations get wrong
Four assumptions that leave GRC programmes underdeveloped
Most GRC gaps aren't about missing effort — they're about risk that was never formally registered in the first place.
01 — VISIBILITY
“We track risk informally, and that's enough”
An informal risk list rarely survives a board or auditor request for a structured, prioritised, and owned risk register.
02 — SCOPE
“Our vendors are covered by their own security teams”
Third-party risk sits with you contractually and reputationally regardless of a vendor's own internal security posture.
03 — INSURANCE
“Our cyber insurance policy will cover a real incident”
Insurers verify represented controls at claim time — gaps between what was declared and what's actually implemented can directly affect a payout.
04 — RETENTION
“We keep data indefinitely just in case”
Undefined data retention is itself a growing regulatory and breach-exposure risk under DPDPA, not a neutral default.
What Cyber Risk Assessment covers
What's included, start to finish
A working GRC programme, not a one-time framework document.
01
Cross-functional risk identification
Interviews across IT, operations, and business teams, not just a technical scan.
02
Likelihood & impact scoring
Risks quantified in terms leadership can actually weigh against other business risks.
03
Third-party & vendor risk inclusion
Risk introduced through vendors and supply chain, not just internal systems.
04
Risk treatment recommendations
Accept, mitigate, transfer, or avoid — a clear recommendation for each significant risk, not just a list.
05
Board-ready reporting
Findings packaged for a board or leadership audience, not just a technical one.
Evidence, not guesswork
No formal GRC vs. informal effort vs. a SIRI-supported programme
The gap surfaces at renewal, at audit, or at claim time — exactly when it's most expensive to discover.
| Approach | No formal programme | Informal / ad hoc | SIRI Cyber Risk Assessment |
|---|---|---|---|
| Risk register | None | Informal list | Structured, owned, reviewed |
| Third-party risk assessment | No | Rare | Standard |
| Insurance-readiness verification | No | Assumed | Assessed directly |
| Regulatory alignment (RBI/SEBI/DPDPA) | No | Assumed | Assessed directly |
| Board-level reporting cadence | No | Irregular | Recurring |
Sources: RBI (Commercial Banks — Cybersecurity, Technology: Risk, Resilience and Assurance Framework) Directions, 2026; SEBI Cybersecurity and Cyber Resilience Framework (CSCRF); Digital Personal Data Protection Act, 2023. Summarised for comparison.
Numbers every board should know
What a GRC programme is actually protecting against
62%
Of cloud detections
Trace to misconfiguration and IAM exploitation (DSCI) — often a third-party or vendor-access issue.
6 HR
CERT-In notification window
Depends on risk visibility already existing before an incident starts the clock.
29.44L
Incidents CERT-In handled
In the latest reporting year — the backdrop cyber insurance underwriting is increasingly priced against.
70%
Of malware detections
Are trojans and file infectors (Seqrite 2026).
Why SIRI for Cyber Risk Assessment specifically
GRC built by the team that also negotiates the fallout
The same practice that builds your risk register and vendor assessments handles the regulatory and contractual fallout if a risk materialises.
01
Programmes built by SIRI's GRC and Compliance lead
Sneha Iyer, Associate Partner and Head of GRC and Compliance, has delivered ISO 27001, SOC 2, and SEBI CSCRF programmes across the client base this catalogue serves.
02
Financial-sector risk obligations covered directly
Deepa Menon, Senior Associate, advises banks, NBFCs, and payment aggregators directly on RBI licensing, SEBI CSCRF, and financial-sector cyber resilience.
03
Findings connected directly to legal exposure
SIRI Security runs under the same roof as SIRI Law LLP — when a finding carries real legal exposure, the engagement can be brought under attorney-client privilege from day one, not bolted on after the fact.
04
Technical risk verified, not self-reported
Vikram Rao, SIRI's Head of Cybersecurity, directs offensive security and incident response and leads CERT-In breach containment for enterprise clients.
Who this is built for
Organisations this GRC service is built for
Banks, NBFCs & insurers
Organisations with significant vendor networks
Companies renewing cyber insurance
SEBI-regulated intermediaries
Boards needing a defensible risk register
How we work
From scoping to ongoing delivery
01
Current-State Assessment
We assess where you actually stand today, not against a generic template.
Week 102
Framework & Process Design
We design the specific process, register, or framework your organisation needs — sized to your risk, not oversized.
Weeks 2–303
Implementation Support
We help implement the process with your team, so it survives after we leave, not just on paper.
Week 4+04
Review & Continuous Improvement
Periodic review keeps the programme current as your risk and regulatory landscape change.
OngoingFrequently asked
Cyber Risk Assessment, answered directly
How is this different from a penetration test?
A pentest finds specific technical vulnerabilities; a cyber risk assessment is broader, covering process, third-party, and organisational risk alongside technical exposure.
Can this feed into our cyber insurance renewal?
Yes — this assessment is commonly used to support insurance applications and renewals, and pairs directly with our Cybersecurity Insurance readiness service.
How long does this take?
Most GRC engagements in this category run 3 to 8 weeks depending on organisational size and current maturity.
Who runs this day to day?
A senior SIRI Security GRC consultant leads the engagement, with SIRI Law LLP input wherever a finding has legal or regulatory weight.
Put risk on the record
Scope Cyber Risk Assessment.
Most engagements start with a current-state risk review before building out the full programme.
Talk to SIRI Security: +91 79819 12046
Related