IT Audit and Compliance

BakboN networks IT Audits and Compliance team helps organizations address the challenges of managing IT risks in a way that is in line with their business strategic goals. With immense experience in this arena, our team’s strengths with in-depth technical and IT-related risk management knowledge to help our clients and their stakeholders gain confidence that their organization’s key IT-related risks are identified, understood and managed effectively.

BakboN networks provides the following resource options:

o   Outsourcing or

o   Co-sourcing - Teaming arrangements, to supplement internal functions or provide objective guidance and challenges.

We believe in Strategic partnership approach with our clients, in turn ensures a Win – Win scenario for both organisations.

Our primary IT Audits and Compliance services include:

·        IT Governance, risk and compliance 

·        IT Internal audit 

·        IT Internal controls  

·        External audit IT support 

IT Governance, Risk and Compliance

Our team can help create a highly advanced, integrated IT risk management environment that will help you decrease complexity, cost and improve the performance and help protect the existing intellectual property and assets.

Our team will help create competitive advantage through practical and valuable improvements to the way IT risk is managed.

Our areas of focus include the following services:

·        IT risk management and compliance

·        IT controls effectiveness

·        Information management and analysis

IT Internal Audit

Technology today is an enabler to help business meet all its strategic goals.  IT investments are complete only when the necessary and advanced technologies are implemented and also the implemented technologies are utilized completely and effectively.

Our team will help you to assess the risks and vulnerabilities within the IT environment. Following which the team will create a complete program to ensure improved capabilities.

Our areas of focus include the following services:

·        IT internal audit co-sourcing/outsourcing — provides a reliable and efficient resource pool for internal audit teams or additional resource to complete the audits.

·        IT internal audit transformation — Complete review of the IT environment and to understand the misalignments, challenges, and improvement opportunities within their internal audit function from an IT perspective and aid them in identifying leading practices that can be implemented. Our services help clients to achieve a more sustainable, efficient, and effective IT internal audit function.

IT Internal Controls

The controls implemented should ensure that the risk or vulnerabilities are mitigated. Our team will assist in the design, implementation and improvement of IT Internal Controls for information security, applications, networks and IT programs.

External audit IT support 

A certifications help organization to portrait their commitment towards best practices to their customers and also ensures a third party validation on the controls implemented. We can help organizations to get prepared with the mandatory requirements to meet the needs from a regulatory or compliance perspective.

 

ISO 27001 – Information security management system

ISO 27001:2005 an upgraded version of BS 17799, is a widely accepted industry standard on information security. ISO 27001 is the formal standard against which organizations seek independent certification of their Information Security Management Systems (ISMS). ISO 27001 is intended to ensure the "Confidentiality", "Integrity" and "availability" of information within an organization. Essentially a set of best practices for protecting information. It specifies the requirements for implementing, establishing and maintaining an Information Security Management System (ISMS). The ISMS framework can be described as a systematic approach in managing the organization’s assets using tools such as people, processes and technology.

The standard suggests a Plan – Do – Check – Act (PDCA) methodology for implementation of the ISO27001 standard, in line with other management standards like Quality Management System and Environmental Management System.

BakboN networks follows a phased approach for implementation of ISO 27001- ISMS. The phases are as follows:

·        Phase 1 - ISO 27001 Value proposition: This will help ensure commitment from all the stakeholders including the senior management, all the stake holders and also finalize the scope, sample size, business functions etc.

·        Phase 2 – Information security policy, process evaluation: Information security policy, process, procedure needs to be evaluated and all the relevant documentation/ pre requisites for the certification need to be completed.

·        Phase 3 - Risk Management: Formulation of the risk management framework in consideration with the security risk posture. Complete the risk assessments with in scope business functions followed by risk mitigation plans with evaluation of various risk treatment options.

·        Phase 4 - Internal audit: As a pre requisite before the external audit an internal audit to ensure compliance with the ISO 27001 controls as per the SOA needs to be completed.

·        Phase 5 – ISO 27001 Certification: Successful implementation of the previous phases leads to the final phase of ISO27001 Certification.

 

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