SEBI System Audit Services for Mutual Funds and AMCs
Codec Networks is an Information Security Auditing Organization, providing independent, evidence-based and risk-focused audits to help Mutual Funds and Asset Management Companies in accordance with SEBI Circular SEBI/HO/IMD/DF2/CIR/P/2019/57 dated 11 April 2019 and applicable SEBI requirements. The audit evaluates whether the organization’s IT governance, applications, infrastructure, interfaces and outsourced services securely and reliably support investment management, front-office and back-office integration, NAV computation, financial reporting, unit-holder administration, funds flow, regulatory limits and access management.
Codec Networks is a CERT-In empanelled auditing organization mandated to offer this service
Codec Networks follows applicable CERT-In audit-practice requirements for auditor independence, engagement planning, defined scope, evidence collection, secure testing, documentation and reporting. Its risk-based methodology combines policy and document review, stakeholder interviews, process walkthroughs, control and configuration assessment, risk-based sampling, transaction testing, data analysis and authorized technical validation across cybersecurity, identity and access management, change management, incident response, backup and disaster recovery, third-party risk and business-process controls.
Codec Networks delivers an executive audit assessment, detailed evidence-supported findings, risk-rated observations, actionable recommendations and remediation or follow-up tracking. Reports can support review by the Technology Committee, AMC and Trustee Boards and SEBI exception-reporting requirements. The engagement provides independent, point-in-time reasonable assurance; responsibility for regulatory compliance, risk acceptance and remediation remains with the auditee organization.
SEBI System Audit Services for Mutual Funds and AMCs
INDUSTRY SIGNIFICANCE AND SERVICE RELEVANCE
Why this service matters to your industry, where it fits in your security programme,
nd what your organisation gains from it.
Mutual Funds and Asset Management Companies depend on interconnected technology platforms for investment management, trade processing, NAV calculation, financial reporting, investor servicing, fund flows and regulatory monitoring. A control failure, unauthorized access, processing error, cyber incident or disruption within these systems may affect valuation accuracy, investor interests, business continuity and regulatory compliance.
Independent system audits are therefore significant for:
- Protecting the integrity and reliability of NAV and financial information.
- Validating controls over investment, accounting and investor-service processes.
- Identifying technology, cybersecurity, outsourcing and operational-resilience risks.
- Providing oversight information to the Technology Committee, AMC Board and Trustees.
- Supporting regulatory reporting and timely remediation.
SEBI’s framework requires an annual independent system audit and defined governance over the review, escalation and reporting of audit observations. The audit should consequently be treated as a governance and risk-assurance mechanism—not merely a periodic compliance exercise—helping Mutual Funds and AMCs maintain reliable operations, investor confidence and regulatory readiness.
Codec Networks’ Audit Service is relevant to Mutual Funds, AMCs, Trustee Companies and their supporting technology and service-provider ecosystems seeking independent assessment as per SEBI Circular and applicable requirements. As a CERT-In empaneled Information Security Auditing Organization, Codec Networks applies independent, risk-based and evidence-driven audit practices while addressing applicable auditor-competence requirements, including the circular’s CISA/CISM or equivalent criterion.
The service focuses on areas presenting the greatest business, technology and regulatory exposure, including:
- IT governance, policies and risk management.
- Investment, fund-accounting, NAV and investor-service applications.
- Identity, privileged access and segregation of duties.
- Infrastructure, network, database, cloud and cybersecurity controls.
- Change management, incident response, backup and disaster recovery.
- System interfaces, outsourced services and third-party dependencies.
- Regulatory limits, financial reporting and exception-management controls.
Codec Networks provides management-ready and evidence-supported audit reports containing risk-rated observations, business impact, recommendations and remediation tracking. The reports can support Technology Committee, AMC Board and Trustee review and SEBI exception-reporting workflows. The engagement provides independent, point-in-time reasonable assurance
Codec Networks’ SEBI System Audit Service is primarily designed for organizations covered by, or supporting compliance with, SEBI’s System Audit Framework for Mutual Funds and Asset Management Companies. Applicable customers include:
- SEBI-registered Mutual Funds.
- Asset Management Companies.
- Trustee Companies and Boards of Trustees of Mutual Funds.
- Registrars and Transfer Agents supporting investor-service operations.
- Custodians, fund-accounting providers and technology service providers forming part of the AMC’s system environment.
- Cloud, managed-service, application and infrastructure providers whose controls materially support regulated mutual-fund operations.
- Organizations undertaking system migration, digital transformation, outsourcing or major technology changes affecting regulated processes.
The service helps customers obtain an independent, risk-based and evidence-supported assessment of business and technology controls covering investment processing, NAV calculation, financial reporting, investor servicing, fund flows, access management, cybersecurity, resilience and third-party dependencies. Key customer benefits include:
- Improved readiness for SEBI-mandated annual system audits.
- Independent validation of control design and operating effectiveness.
- Early identification and prioritisation of regulatory, technology and operational risks.
- Greater confidence in NAV, transaction-processing and reporting controls.
- Improved oversight of outsourced, cloud and third-party service arrangements.
- Stronger incident response, backup, disaster-recovery and business-continuity preparedness.
- Risk-rated findings, actionable recommendations and structured remediation tracking.
- Management-ready reporting for the Technology Committee, AMC Board and Trustees.
Codec Networks’ assessment supports informed governance decisions, audit remediation and regulatory-reporting workflows. The engagement provides point-in-time reasonable assurance within the mutually agreed scope.
Mutual Funds and Asset Management Companies depend on interconnected technology platforms for investment management, trade processing, NAV calculation, financial reporting, investor servicing, fund flows and regulatory monitoring. A control failure, unauthorized access, processing error, cyber incident or disruption within these systems may affect valuation accuracy, investor interests, business continuity and regulatory compliance.
Independent system audits are therefore significant for:
- Protecting the integrity and reliability of NAV and financial information.
- Validating controls over investment, accounting and investor-service processes.
- Identifying technology, cybersecurity, outsourcing and operational-resilience risks.
- Providing oversight information to the Technology Committee, AMC Board and Trustees.
- Supporting regulatory reporting and timely remediation.
SEBI’s framework requires an annual independent system audit and defined governance over the review, escalation and reporting of audit observations. The audit should consequently be treated as a governance and risk-assurance mechanism—not merely a periodic compliance exercise—helping Mutual Funds and AMCs maintain reliable operations, investor confidence and regulatory readiness.
Codec Networks’ Audit Service is relevant to Mutual Funds, AMCs, Trustee Companies and their supporting technology and service-provider ecosystems seeking independent assessment as per SEBI Circular and applicable requirements. As a CERT-In empaneled Information Security Auditing Organization, Codec Networks applies independent, risk-based and evidence-driven audit practices while addressing applicable auditor-competence requirements, including the circular’s CISA/CISM or equivalent criterion.
The service focuses on areas presenting the greatest business, technology and regulatory exposure, including:
- IT governance, policies and risk management.
- Investment, fund-accounting, NAV and investor-service applications.
- Identity, privileged access and segregation of duties.
- Infrastructure, network, database, cloud and cybersecurity controls.
- Change management, incident response, backup and disaster recovery.
- System interfaces, outsourced services and third-party dependencies.
- Regulatory limits, financial reporting and exception-management controls.
Codec Networks provides management-ready and evidence-supported audit reports containing risk-rated observations, business impact, recommendations and remediation tracking. The reports can support Technology Committee, AMC Board and Trustee review and SEBI exception-reporting workflows. The engagement provides independent, point-in-time reasonable assurance
Codec Networks’ SEBI System Audit Service is primarily designed for organizations covered by, or supporting compliance with, SEBI’s System Audit Framework for Mutual Funds and Asset Management Companies. Applicable customers include:
- SEBI-registered Mutual Funds.
- Asset Management Companies.
- Trustee Companies and Boards of Trustees of Mutual Funds.
- Registrars and Transfer Agents supporting investor-service operations.
- Custodians, fund-accounting providers and technology service providers forming part of the AMC’s system environment.
- Cloud, managed-service, application and infrastructure providers whose controls materially support regulated mutual-fund operations.
- Organizations undertaking system migration, digital transformation, outsourcing or major technology changes affecting regulated processes.
The service helps customers obtain an independent, risk-based and evidence-supported assessment of business and technology controls covering investment processing, NAV calculation, financial reporting, investor servicing, fund flows, access management, cybersecurity, resilience and third-party dependencies. Key customer benefits include:
- Improved readiness for SEBI-mandated annual system audits.
- Independent validation of control design and operating effectiveness.
- Early identification and prioritisation of regulatory, technology and operational risks.
- Greater confidence in NAV, transaction-processing and reporting controls.
- Improved oversight of outsourced, cloud and third-party service arrangements.
- Stronger incident response, backup, disaster-recovery and business-continuity preparedness.
- Risk-rated findings, actionable recommendations and structured remediation tracking.
- Management-ready reporting for the Technology Committee, AMC Board and Trustees.
Codec Networks’ assessment supports informed governance decisions, audit remediation and regulatory-reporting workflows. The engagement provides point-in-time reasonable assurance within the mutually agreed scope.
AUDIT FEATURES AND DELIVERY FRAMEWORK
Cybersecurity at Codec Networks means comprehensive features,
scalable offerings, effective delivery methods, performance-driven
Codec Networks delivers independent, risk-based and evidence-driven System Audits for Mutual Funds and Asset Management Companies against SEBI guidelines, The engagement covers the agreed business processes, applications, infrastructure, interfaces and third-party dependencies supporting regulated mutual-fund operations. Audit procedures are aligned with applicable CERT-In audit principles relating to independence, engagement planning, controlled testing, evidence, reporting and governance communication.
- Independent and competent audit: Engagements are structured to maintain auditor independence and meet applicable competence requirements, including the CISA/CISM-qualified or equivalent auditor requirement .
- Risk-based and scalable scope: The audit scope is determined using business criticality, asset exposure, technology changes, incident history, outsourcing and regulatory impact. Annexure 1 is indicative and not exhaustive, permitting appropriate scope expansion
- End-to-end systems coverage: Assessment covers front-office and back-office integration, investment processing, fund accounting and NAV calculation, financial reporting, unit-holder servicing, funds flow, regulatory limits and access rights
- Comprehensive control assessment: Coverage is mapped to the nine audit objectives .
- IT Governance
- Information Security
- Access Management
- Change Management
- Incident Management
- Backup and Recovery
- Job Processing
- Business Continuity and Disaster Recovery
- Business Controls
- Third-party and outsourced-service review: Relevant controls operated by RTAs, fund accountants, custodians, cloud providers and other service providers are evaluated where they support the auditee’s control environment, as contemplated .
- Evidence-supported assurance: Findings are supported by appropriate documentation, configurations, system records, logs, screenshots, transaction samples, interviews and other verifiable evidence, consistent with CERT-In Guideline.
- Risk-rated exception reporting: High-, medium- and applicable recurring low-risk observations are reported using the principles and fields prescribed in SEBI guidelines. Technical vulnerabilities may be rated using CVSS and EPSS where applicable; process and control findings are rated using an agreed likelihood-and-impact methodology.
- Governance-ready reporting: Reports support review by the Technology Committee, AMC Board and Trustee Board and the applicable SEBI exception-reporting process .
- Remediation and follow-up verification: Open observations and agreed corrective actions may be independently revalidated and reported through the follow-on audit mechanism where included in the engagement.
- Secure and quality-controlled delivery: Audit evidence, reports and communications are handled through controlled channels and subjected to internal technical and quality review before release.
Codec Networks applies an independent, risk-based and evidence-driven audit methodology for Mutual Funds and Asset Management Companies as per SEBI Circular and guidelines. The methodology is aligned with applicable CERT-In audit principles covering independence, planning, agreed scope, secure testing, evidence, reporting and communication with those charged with IT governance.
Eight-Stage Audit Methodology
1. Engagement Acceptance and Independence
Codec Networks confirms auditor independence, competence, confidentiality, responsibilities, deliverables, timelines and rules of engagement. The audit team is constituted with due regard to the circular’s requirement for an independent CISA/CISM-qualified or equivalent auditor.
2. Audit Universe and Scope Definition
The audit universe is developed from the auditee’s business processes, applications, infrastructure, interfaces, locations and third-party services. Scope specifically considers front-office and back-office integration, fund accounting and NAV calculation, financial reporting, unit-holder administration, funds flow, regulatory limits and access rights.
3. Risk Profiling and Audit Prioritization
Systems and processes are classified using business criticality, investor impact, data sensitivity, cyber exposure, transaction volumes, incident history, technology changes, outsourcing and previous audit observations. Greater audit depth and testing are applied to high-risk areas such as investment processing, NAV, privileged access, critical interfaces, fund flows and recovery systems.
4. Regulatory and Control Mapping
Applicable controls are mapped to the nine audit objectives:
- IT Governance
- Information Security
- Access Management
- Change Management
- Incident Management
- Backup and Recovery
- Job Processing
- Business Continuity and Disaster Recovery
- Business Controls
Additional controls may be included where justified
5. Control Design and Operating-Effectiveness Testing
Codec Networks evaluates whether controls are appropriately designed and whether they operated consistently during the selected audit period. Procedures may include document review, interviews, walkthroughs, observation, configuration assessment, transaction sampling, log analysis, data validation and inspection of system-generated records.
6. Technical, Transaction and Third-Party Validation
Where relevant and expressly authorised, the audit includes controlled technical validation of applications, infrastructure, interfaces, access controls, configurations and security mechanisms. Controls operated by RTAs, fund accountants, custodians, cloud providers and other service providers are assessed where they materially support the auditee’s regulated operations.
7. Risk Evaluation, Quality Review and Reporting
Audit observations are supported by verifiable evidence and classified according to their likelihood, business impact and regulatory significance. Technical vulnerabilities may use CVSS and EPSS where applicable. Draft findings undergo factual validation and independent quality review before the final report is issued. Exception reporting is structured to support requirements and review by the Technology Committee, AMC Board and Trustee Board.
8. Remediation and Follow-Up Verification
Codec Networks provides practical recommendations and a structured remediation tracker. Where separately included in the engagement, corrective actions and open observations are revalidated through a follow-up assessment and reported using the applicable follow-on format.
Please Note
The audit is a point-in-time, sample-based assessment conducted within the mutually agreed scope and based on the information, evidence and access provided by the auditee. The auditee remains responsible for regulatory compliance, operation of controls, completeness of information, risk acceptance and remediation.
Codec Networks adopts an independent, business-focused and risk-based approach for auditing Mutual Funds and Asset Management. The approach combines the circular’s business-system requirements with applicable CERT-In principles for independence, professional judgement, agreed scope, secure testing, objective evidence, risk reporting and governance communication.
Our Audit Approach
- Independent and objective: Audit conclusions are based on verifiable evidence and professional judgement, free from outcome-linked commercial influence. Engagements are constituted with due regard to the circular’s requirement for an independent CISA/CISM-qualified or equivalent auditor.
- Business-risk focused: Audit depth is proportionate to investor impact, transaction criticality, data sensitivity, system exposure, incident history, outsourcing and previous observations. Higher-risk areas receive greater testing and larger or targeted samples.
- End-to-end coverage: The audit considers the complete operating chain supporting investment management, front-office and back-office integration, NAV calculation, financial reporting, unit-holder servicing, funds flow, prudential limits and system access.
- Indicative, not restrictive: SEBI Annexure is treated as the minimum reference framework rather than a fixed boundary. The scope may be extended for new technologies, cloud adoption, outsourced services, significant changes, emerging threats or additional regulatory requirements.
- Control design and effectiveness: Codec Networks evaluates both whether controls are suitably designed and whether they operated consistently during the selected audit period. Audit procedures may include document review, interviews, walkthroughs, configuration assessment, log analysis, transaction sampling and system-generated evidence review.
- Evidence-led and traceable: Findings are supported by sufficient, relevant and objective evidence. Scope limitations, inaccessible assets, unavailable records, sampling decisions and reliance on auditee or third-party information are transparently documented.
- Controlled technical testing: Technical validation is conducted only within the authorised scope, approved testing window and agreed rules of engagement. Production testing, intrusive procedures and third-party assets are included only with appropriate written authorisation.
- Third-party inclusive: Controls operated by RTAs, fund accountants, custodians, cloud providers and other service providers are assessed where they materially support the auditee’s regulated operations or control environment.
- Risk-rated and governance-ready reporting: Observations are evaluated according to likelihood, business impact and regulatory significance. Reports are structured to support Annexure 2 exception reporting and review by the Technology Committee, AMC Board and Trustee Board.
- Remediation oriented: Recommendations are practical and prioritised according to risk. Where included in the engagement, Codec Networks performs follow-up validation of corrective actions and open observations without assuming management’s responsibility for implementation or risk acceptance.
Please Note
Codec Networks’ audit provides independent, point-in-time and evidence-based reasonable assurance within the mutually agreed scope. The auditee remains responsible for regulatory compliance, accuracy and completeness of information, operation of controls, risk acceptance and remediation.
For the SEBI System Audit of Mutual Funds and AMCs, SEBI Circular & applicable requirements and CERT-In audit guidelines remain the primary audit criteria. Depending on the agreed scope, Codec Networks may use the following international standards and frameworks as supplementary benchmarks:
- ISO 19011:2026 – audit principles, programme management, conduct and auditor competence.
- ISO/IEC 27001:2022 and ISO/IEC 27002:2022 – information-security governance, ISMS requirements and security controls.
- ISO/IEC 27005:2022 – information-security risk assessment and treatment.
- ISO 22301:2019 – business continuity, resilience and recovery controls.
- ISO/IEC 20000-1:2018 – IT service, change, incident and operational management.
- COBIT – governance and management of enterprise information and technology.
- OWASP WSTG and OWASP ASVS – application-security validation where expressly included.
- CVSS v4.0 and EPSS – technical vulnerability severity and exploitation-likelihood assessment.
Please Note
- Standards are applied only where relevant to the agreed scope, applicable systems and audit objectives; their inclusion does not mean every requirement of every framework is audited.
- Use of an ISO, COBIT, CIS or OWASP reference does not constitute certification, accreditation, attestation or endorsement under that framework.
- VAPT, source-code review, red-team exercises, social engineering, forensic investigation, performance testing and intrusive production testing are excluded unless separately authorised in writing.
- Conclusions are point-in-time, evidence-based and subject to agreed scope, sampling, system access and information provided by the auditee and relevant third parties.
Codec Networks delivers independent, risk-based and evidence-driven System Audits for Mutual Funds and Asset Management Companies against SEBI guidelines, The engagement covers the agreed business processes, applications, infrastructure, interfaces and third-party dependencies supporting regulated mutual-fund operations. Audit procedures are aligned with applicable CERT-In audit principles relating to independence, engagement planning, controlled testing, evidence, reporting and governance communication.
- Independent and competent audit: Engagements are structured to maintain auditor independence and meet applicable competence requirements, including the CISA/CISM-qualified or equivalent auditor requirement .
- Risk-based and scalable scope: The audit scope is determined using business criticality, asset exposure, technology changes, incident history, outsourcing and regulatory impact. Annexure 1 is indicative and not exhaustive, permitting appropriate scope expansion
- End-to-end systems coverage: Assessment covers front-office and back-office integration, investment processing, fund accounting and NAV calculation, financial reporting, unit-holder servicing, funds flow, regulatory limits and access rights
- Comprehensive control assessment: Coverage is mapped to the nine audit objectives .
- IT Governance
- Information Security
- Access Management
- Change Management
- Incident Management
- Backup and Recovery
- Job Processing
- Business Continuity and Disaster Recovery
- Business Controls
- Third-party and outsourced-service review: Relevant controls operated by RTAs, fund accountants, custodians, cloud providers and other service providers are evaluated where they support the auditee’s control environment, as contemplated .
- Evidence-supported assurance: Findings are supported by appropriate documentation, configurations, system records, logs, screenshots, transaction samples, interviews and other verifiable evidence, consistent with CERT-In Guideline.
- Risk-rated exception reporting: High-, medium- and applicable recurring low-risk observations are reported using the principles and fields prescribed in SEBI guidelines. Technical vulnerabilities may be rated using CVSS and EPSS where applicable; process and control findings are rated using an agreed likelihood-and-impact methodology.
- Governance-ready reporting: Reports support review by the Technology Committee, AMC Board and Trustee Board and the applicable SEBI exception-reporting process .
- Remediation and follow-up verification: Open observations and agreed corrective actions may be independently revalidated and reported through the follow-on audit mechanism where included in the engagement.
- Secure and quality-controlled delivery: Audit evidence, reports and communications are handled through controlled channels and subjected to internal technical and quality review before release.
CODEC NETWORKS VALUE PROPOSITION
Beyond protection, Codec Networks delivers value additions that strengthen compliance,
build digital trust, and empower business innovation.
RBI, SEBI, IRDAI, NPCI, UIDAI and Other Regulatory Audits
Codec Networks, a CERT-In empanelled Information Security Auditing Organisation, delivers independent, risk-based cybersecurity and compliance audits for regulated entities across banking, NBFC, FinTech, securities, insurance, payments, Aadhaar-enabled services, government, healthcare and critical infrastructure sectors.
Our value proposition combines regulatory understanding, cybersecurity expertise, structured audit methodology and evidence-driven assurance to help organizations identify compliance gaps, strengthen controls and demonstrate regulatory readiness.
1. Regulatory and Framework-Aligned Audit Assurance
- Audits applicable requirements issued by RBI, SEBI, IRDAI, NPCI, UIDAI, CERT-In and other relevant authorities.
- Maps regulatory obligations with ISO/IEC 27001:2022, ISO 27002, ISO 27005, ISO 22301, NIST CSF, COBIT, CIS Controls and applicable data-protection requirements.
- Converts complex regulatory provisions into practical audit criteria, control requirements, evidence expectations and accountable actions.
- Supports consistent compliance across applications, infrastructure, cloud, networks, data centres, branches, third parties and digital ecosystems.
2. CERT-In Empanelled and Risk-Based Audit Approach
- Applies a structured methodology aligned with applicable CERT-In requirements and recognized auditing principles.
- Evaluates both control design—Test of Design—and operating effectiveness—Test of Effectiveness.
- Prioritizes observations according to regulatory significance, threat exposure, business criticality, likelihood and potential impact.
- Maintains professional independence, confidentiality, evidence integrity and appropriate segregation between audit and remediation activities.
3. Multidisciplinary Regulatory and Cybersecurity Expertise
- Deploys auditors and specialists with experience in information security, IT governance, VAPT, cloud security, application security, SOC, incident response, privacy and business continuity.
- Brings relevant professional competencies such as CISA, CISSP, CISM, ISO 27001 Lead Auditor/Implementer, CEH and cloud-security certifications, subject to engagement requirements.
- Understands sector-specific technology, operating models, outsourcing arrangements, payment environments, digital channels and sensitive-data ecosystems.
- Integrates governance, process and technical testing to provide a complete view of regulatory cyber risk.
4. Comprehensive Audit Coverage
- Covers cybersecurity governance, IT risk management, asset management, identity and access management, secure configuration, vulnerability management and security monitoring.
- Reviews application, API, mobile, network, cloud, database, endpoint, data-protection and third-party security controls, as applicable.
- Assesses incident response, regulatory reporting, business continuity, disaster recovery, cyber resilience, log management and forensic readiness.
- Validates policies, procedures, contracts, configurations, records, system-generated evidence, samples and stakeholder practices.
5. Evidence-Driven Findings and Actionable Remediation
- Links each finding to the applicable regulatory clause, audit criterion, supporting evidence and affected system or process.
- Clearly distinguishes compliant, partially compliant, non-compliant and not-applicable requirements.
- Provides risk-rated observations with business impact, root-cause considerations, recommended corrective actions, ownership and target timelines.
- Supports structured management responses, corrective-action tracking and re-testing of remediated observations within the agreed scope.
6. Management Visibility and Regulatory Readiness
- Delivers executive summaries, detailed audit reports, compliance matrices, risk heat maps and prioritized remediation roadmaps.
- Provides traceability from regulatory requirements to controls, audit procedures, evidence reviewed and audit conclusions.
- Helps boards, senior management, CISOs, compliance officers and technology teams understand material exposures and required decisions.
- Strengthens readiness for regulatory inspections, supervisory reviews, internal audits, certification audits and customer assurance requirements.
7. Independent, Scalable and Business-Focused Delivery
- Adapts the audit approach to the organization’s size, complexity, risk profile, technology architecture and regulatory classification.
- Supports single-entity, multi-location, group-wide and ecosystem-based audits through onsite, remote or hybrid delivery models.
- Coordinates audit activities to reduce operational disruption while preserving audit independence and testing sufficiency.
- Enables organizations to transform regulatory compliance from a periodic exercise into a sustainable governance and cyber-resilience capability.
Why Customers Should Choose Codec Networks
Customers should consider Codec Networks for the combination of CERT-In empanelment, regulatory-domain understanding, multidisciplinary technical capability, risk-based testing and practical reporting. Our audits are designed not merely to identify documentary gaps, but to determine whether critical cybersecurity controls are appropriately designed, consistently implemented and demonstrably effective.
The result is greater regulatory confidence, stronger cyber resilience, improved management accountability and a clearly prioritized path toward sustained compliance.
Disclaimer: Audit scope, procedures and conclusions depend on the applicable regulation, agreed terms of reference, systems and locations included, sampling methodology, evidence provided and conditions existing during the audit period. An audit provides reasonable assurance within its defined scope and does not constitute a guarantee against cyber incidents, regulatory action or future control failure. CERT-In empanelment should be represented strictly in accordance with applicable CERT-In conditions and should not be construed as an endorsement of any commercial claim or as certification by CERT-In.
Founded in 2008 with 17+ Years of Industry Experience in Information and Cyber Security domain
Codec Networks Full-Spectrum Cybersecurity Expertise across all Industry Domains:
- Security Vulnerability Assessment & Penetration Testing (VAPT): Covering Web, Mobile, API, IoT, Blockchain, Cloud-Native, and smart infrastructure environments, with a focus on OWASP, MITRE ATT&CK, and real-world exploit simulation.
- Offensive Security & Deep Level Security Assessments: Advanced Red Team, Blue Team and Purple Team Exercises, Threat Simulations, Social Engineering Campaigns, and Secure Code Review.
- IT Security Audit & Compliance Services: Implementation and audit support for ISO/IEC 27001, ISO 27701, NIST CSF, RBI-CSF, SEBI, IRDAI, PCI DSS, HIPAA, SOC 2, GDPR, and India’s DPDPA 2023.
- Data Privacy & Strategic Risk Advisory: ISO 27701, GDPR, DPDPA, Cross-border compliance, DPIA, DPO-as-a-service, supply chain risk management, and digital transformation risk consulting.
- Emerging Technology Security (Web3.0 | AI | Blockchain): Specialized testing for smart contracts, DeFi platforms, Metaverse applications, AI/ML models, quantum readiness, and blockchain nodes.
- Managed SOC & Threat Monitoring Services: End-to-end SOC operations, SIEM/EDR/XDR/SOAR integration, threat intelligence, cloud security monitoring, and 24/7 incident response.
- Cyber Forensics & Threat Analysis: Investigation services including Device forensics, Malware Analysis, Cloud and Mobile forensics, insider threat detection, and Forensic support.
- Board-Level Cybersecurity Advisory Services to build governance, quantify risks, and align with enterprise-wide digital priorities : Codec Networks enables this transformation by offering Integrated Cyber Risk Management, GRC Program Advisory, Reputation Management, Crisis Communication Readiness, and CISO Support, tailored for CXOs and board members seeking to integrate cybersecurity into strategic decision-making.
- Cyber Security Education & Global Certifications - Through the Codec Centre for Professional Excellence, we deliver Post Graduate Certification in Advanced Cybersecurity (PGCAC), Graduate Certification in Advanced Cybersecurity (GCAC), Accredited Trainings & Certifications from EC Council, PECB, TUV, Quality Austria, ISACA and ISC2 - building the next generation of cybersecurity leaders.
- CERT-IN empaneled Information Security Auditing Organization
- NICSI empaneled for providing Application Audit and Compliance Services under Start-Up Category
- An ISO/IEC 27001:2022 certified company, has established Information Security Management System (ISMS), demonstrating a structured approach to manage and protect sensitive information from cyber threats.
- An ISO 20000 IT Service Management (ITSM) company, ensure high-quality and reliable service delivery to clients on our products and services offered.
- An ISO 9001 certified company, has established and maintains a certified Quality Management System (QMS) that meets international standards for quality and consistency
At Codec Networks, our foundation is built on deep technical mastery, certified expertise, and an unrelenting pursuit of cyber excellence. With a team of globally accredited professionals, advanced methodologies, and next-generation tools, we deliver measurable security outcomes across assessment, compliance, monitoring, and forensic domains. Our competency-driven approach ensures every engagement is governed by precision, accountability, and alignment with international standards — empowering enterprises to stay secure, compliant, and resilient.
Governance, Risk & Compliance (GRC) Competency
Codec Networks’ dedicated Governance, Risk & Compliance (GRC) group specializes in security assessments, risk management, regulatory compliance, and audit readiness. The team partners with organizations to strengthen governance frameworks and ensure end-to-end compliance in a complex regulatory landscape.
Key Attributes:
- Team of certified auditors and consultants with credentials including ISO 27001 LA/LI, ISO 31000 Risk Specialist, ISO 27701 PIMS, GDPR, SOC 2, HIPAA, CCPA, DPO, CISA, CISM, CRISC, CISSP and other advanced industry certifications.
- Expertise in enterprise risk quantification, privacy impact assessment (PIA/DPIA), audit automation, and supply chain risk mapping.
- Proven track record in implementing ISO-based ISMS/PIMS frameworks, RBI/SEBI/IRDAI audits, and cross-border data compliance projects.
Vulnerability Assessment & Penetration Testing (VAPT) Expertise
Our VAPT teams bring extensive technical depth across Web, Mobile, API, Cloud, Network, Database, Infrastructure, IoT, and People & Process domains. Every engagement is mapped to OWASP, NIST, MITRE ATT&CK, ISO 27001, PCI DSS, HIPAA, RBI, and GDPR frameworks — ensuring real-world relevance and compliance alignment.
Core Strengths:
- Certified professionals with CEH, C-PENT, LPT, OSCP, OSWE, OSEE, and CREST credentials, averaging 7–10 years of offensive security experience.
- Proven expertise in Red/Blue/Purple Teaming, DevSecOps, secure SDLC, and threat emulation.
- Continuous skill enhancement through CTFs, hackathons, and product certifications (on case to case basis) such as CCNA, CCNP etc.
Managed SOC & Threat Intelligence Operations
Codec Networks operates a 24/7 Managed Security Operations Center (SOC) delivering continuous visibility, detection, and response across hybrid environments. Our SOC integrates SIEM, SOAR, EDR/XDR, and Cloud-Native Analytics to ensure rapid threat detection, incident containment, and business continuity.
Key Capabilities:
- Certified SOC analysts with credentials such as CHFI, CEH, CompTIA CySA+, GCIA, GCFA, and Splunk Certified Architect.
- Integration with platforms like Splunk, QRadar, SentinelOne, CrowdStrike, Elastic, Microsoft Sentinel, and Cortex XSOAR.
- Advanced use cases include cloud posture management, insider threat analytics, MITRE ATT&CK–aligned detections, and threat hunting automation.
- Comprehensive SOC Maturity Assessments and Threat Intelligence Fusion through integration with global feeds and dark web monitoring.
Cyber Forensics & Threat Analysis Expertise
Our Cyber Forensic Division delivers end-to-end investigation, evidence preservation, and digital analysis services — designed to support law enforcement, corporate forensics, and internal response teams. We combine forensic science with cyber intelligence to identify root causes, trace adversaries, and restore operational integrity.
Core Expertise Areas:
- Device, Network, Cloud, and Mobile Forensics – leveraging latest forensic tools (wherever applicable) such as Autopsy, Cyber Triage, Kape, EnCase, FTK, Magnet AXIOM, and Cellebrite.
- Malware Reverse Engineering and Memory Forensics for incident containment and threat attribution.
- Blockchain & Crypto Forensics – tracing DeFi fraud, NFT manipulation, and crypto laundering activities using Chainalysis, TRM Labs, and Elliptic (wherever applicable).
- Incident Response Support – forensic readiness, eDiscovery, evidence preservation, aligned with ISO/IEC 27037 & 27043.
- Certified experts including CHFI, eCIR, eCDFP, GCFE, GCFA, EnCE, CFCE and ECIH, ensuring investigations meet both technical and legal standards.
Advanced Tools, Frameworks & Continuous Innovation
Codec Networks leverages industry-leading tools and platforms such as Burp Suite Pro, Nessus, Prisma Cloud, Splunk, QRadar, CrowdStrike, SentinelOne, Autopsy, Chainalysis, MythX, and Prowler (wherever applicable) ensuring accuracy, scalability, and efficiency.
Our methodologies align with globally recognized frameworks including:
- MITRE ATT&CK & D3FEND
- OWASP Top 10 / MASVS / ASVS
- NIST Cybersecurity Framework & SP 800-115
- ISO/IEC 27001, 27701, 31000, 22301
Through ongoing research, Codec Networks continually evolves to address modern threats — from Generative AI prompt attacks and smart contract exploits to IoT zero-days, metaverse impersonation, and quantum-era vulnerabilities.
Compliance-Driven Deliverables
All technical engagements and reports are mapped to major global and Indian compliance frameworks — including ISO 27001, PCI DSS, HIPAA, GDPR, RBI-CSF, SEBI, IRDAI, and DPDPA 2023. Our structured technical and executive reports support board-level visibility, audit evidence, and certification readiness, ensuring that every engagement drives both technical assurance and regulatory confidence.
Codec Networks – Certified Competence. Proven Expertise. Real-World Cyber Resilience. Empowering enterprises through advanced security engineering, continuous monitoring, and forensic intelligence.
At Codec Networks, we believe that cybersecurity excellence is not achieved through tools alone — it is built through methodical delivery, risk-based insight, and measurable outcomes. Our Agile and Modular 8-Stage Delivery Methodology ensures that every engagement — from rapid risk assessments to full-scale ISMS implementations — is structured, standards-aligned, and business-focused.
Agile & Modular Methodology
Our delivery framework integrates global best practices with localized regulatory insight, ensuring each engagement is executed with clarity, accountability, and precision. Clients benefit from seamless onboarding, milestone-driven execution, and transparent reporting throughout the lifecycle.
- Discovery & Scoping: Collaborative workshops to understand business context, IT landscape, compliance obligations, and risk appetite, forming the foundation of a well-defined project scope.
- Risk Profiling & Gap Assessment: Comprehensive evaluation of people, process, and technology controls aligned with ISO 27001, NIST CSF, GDPR, HIPAA, DPDPA 2023, RBI, and PCI DSS.
- Regulatory Mapping & Framework Alignment: Mapping organizational obligations against applicable standards and laws — from ISO & NIST to RBI, SEBI, IRDAI, UIDAI, and DPDPA — including new-age frameworks like ISO 42001 (AI) and FATF for emerging technologies.
- Security Architecture & Control Design: Designing or refining network, cloud, and data security architectures with controls tailored for cloud, AI, OT/ICS, and Web3.0 environments.
- Documentation & Policy Development: Creation and refinement of Policies, SOPs, Risk Registers, DPIAs, Incident Response Plans, and Governance Documents, ensuring audit readiness and legal compliance.
- Implementation & Risk Treatment: Execution of remediation roadmaps, vendor risk management, privacy engineering, and workforce training to mitigate gaps and operationalize security controls.
- Validation, Testing & Audit Readiness: Conducting mock audits, VAPT, forensic readiness, and compliance testing to validate effectiveness and prepare for certifications.
- Governance Reporting & Continual Improvement: Delivering executive dashboards, compliance scorecards, and board-level insights with ongoing advisory through vCISO and DPO-as-a-Service models.
Risk-Based & Business-Oriented Audit Approach
Our methodology goes beyond testing systems — it focuses on how vulnerabilities translate into business, reputational, and compliance risks.
- Deliver Deep Insight: Actionable intelligence into vulnerabilities, attack paths, business impact, and remediation priorities.
- Extend Beyond Tools: Manual and contextual assessments combining automation with human expertise across government, financial, and commercial sectors.
- Actionable Reporting: Executive-friendly reports that translate complex findings into strategic, risk-aware recommendations.
- Efficient Execution: Critical assets prioritized for testing to deliver maximum value within tight engagement windows.
Outcome-Driven Engagements for Security Maturity
Each stage is modular yet interconnected, adaptable to enterprises of any scale or industry. Whether it’s a cloud-native fintech pursuing SOC 2, a healthcare provider ensuring HIPAA alignment, or a bank meeting RBI-CSF requirements, Codec Networks ensures consistency, compliance, and measurable improvement.
Beyond certification checklists, our Post-Audit Support and Continuous Risk Monitoring provide remediation guidance, breach response playbooks, staff training, and ongoing compliance tracking — building sustainable security posture and resilient business continuity.
Codec Networks – Turning Compliance into a Competitive Advantage. Structured. Measurable. Secure. Always Aligned with Your Business Goals.
At Codec Networks, our clients are not just audit subjects — they are long-term partners in a shared cybersecurity journey. Every engagement is designed around the client’s business priorities, security maturity, and risk appetite, ensuring solutions that are relevant, practical, and results-driven.
With a legacy of 650+ successful engagements across industries such as Banking, Fintech, Healthcare, Telecom, Energy, Aviation, Manufacturing, E-commerce, and Government, Codec Networks has attempted to become a trusted advisor for organizations seeking to transform compliance into resilience.
Our engagement philosophy extends beyond conventional audits. We integrate strategic advisory, technical assurance, remediation support, and continuous compliance monitoring, creating a full lifecycle relationship rather than a one-time service. Clients benefit from:
- Personalized advisory frameworks tailored to their business model and operational scale.
- Collaborative engagement models featuring joint workshops, stakeholder training, and compliance awareness sessions.
- Board-level guidance and reporting that translates complex technical findings into actionable business intelligence.
- Transparent communication channels with dedicated project managers, secure digital workspaces, and real-time status dashboards.
By combining the objectivity of an auditor with the empathy of an advisor, Codec Networks builds trust, accountability, and measurable security growth. Our commitment is simple — to deliver cybersecurity as a continuous partnership, not a periodic project.
Codec Networks – Where Advisory Meets Assurance. Empowering Clients Through Partnership, Transparency, and Trust.
At Codec Networks, integrity, professionalism, and ethical responsibility form the cornerstone of every engagement. As a trusted strategic partner in cybersecurity, we operate within the highest standards of ethical conduct, legal compliance, and regulatory governance, ensuring our services strengthen both our clients’ defenses and their reputations.
We adhere to a strict ethical code of conduct, driven by transparency, independence, and accountability. Every consultant, auditor, and engineer within Codec Networks upholds the core security triad of Confidentiality, Integrity, and Availability (CIA) — ensuring data protection, operational reliability, and business continuity at all times.
Our professional ethos blends technical excellence with moral responsibility, following structured processes, defined service standards, and adherence to international and national regulatory frameworks.
Our Ethical & Professional Commitments
- Zero-Compromise Consulting: We maintain independence, neutrality, and confidentiality across all audits and advisory engagements.
- Legal & Regulatory Conformance: We assist clients to conform strictly within the boundaries of applicable cyber laws, privacy regulations, and data protection statutes.
- Client-First Philosophy: Every recommendation is designed to safeguard stakeholder interests, minimize legal exposure, and build sustainable resilience.
- Outcome-Driven Security Maturity: Our modular yet integrated delivery approach supports organizations of all sizes in achieving measurable improvements in security posture.
- Global Delivery, Local Integrity: Our Global Network Delivery Model integrates international best practices with local regulatory expertise — ensuring value-driven, compliant outcomes.
Industry-Specific Security Advisory
Recognizing that every sector faces distinct threats and compliance challenges, Codec Networks provides customized, industry-aligned security advisory across BFSI, Fintech, Telecom, Healthcare, Energy, Aviation, E-commerce, Government, and Critical Infrastructure domains.
Our sector-specific consulting translates regulatory complexity into practical, business-aware strategies, ensuring risk mitigation plans are compliant, auditable, and operationally feasible.
Our Commitment
With a zero-tolerance approach to ethical compromise, Codec Networks stands for trust, transparency, and truth in cybersecurity. We are more than consultants — we are custodians of digital integrity, committed to helping organizations navigate risk, maintain compliance, and enable secure business growth.
Codec Networks – Where Integrity Meets Innovation. Trusted. Ethical. Future-Ready.
At Codec Networks, we combine the strength of a global delivery ecosystem with the precision of local regulatory insight to deliver cybersecurity solutions that are both internationally benchmarked and regionally compliant.
Our Global Delivery Capability enables clients across continents to access specialized cybersecurity expertise, advanced technologies, and globally aligned methodologies. Through a distributed network of certified professionals, partner alliances, and intelligence centers, Codec Networks ensures consistent service quality and rapid response across time zones and geographies.
What truly differentiates us is our Local Expertise — a deep understanding of national regulations, industry frameworks, and operational nuances that shape cybersecurity implementation in each region.
Our hybrid delivery model blends remote and on-site collaboration, combining the agility of digital operations with the contextual understanding of local consultants. This ensures culturally aligned communication, faster problem resolution, and seamless coordination with client teams.
With a presence across India, Codec Networks empowers global enterprises to manage cybersecurity uniformly while adapting to local risks, regulations, and realities.
Codec Networks – Global Vision. Local Precision. Consistent Cyber Resilience.
“With Codec Networks, you’re not just buying a service — you’re investing in a cybersecurity ally who understands your business, defends your reputation, and strengthens your future.”
At Codec Networks, we believe cybersecurity is not a project — it’s a partnership. Our approach is built on trust, transparency, and transformation, helping clients evolve from compliance readiness to cyber resilience.
Your Strategic Security Partner
Codec Networks acts as a strategic security partner, providing continuous roadmap development, architecture reviews, and improvement programs that evolve with your business and the threat landscape.
“We don’t just secure businesses — we empower them to lead with confidence in a digital-first world.”
Our strength lies in the fusion of technical depth, regulatory insight, industry specialization, and future readiness — providing unmatched cybersecurity value to enterprises across India and beyond.
Codec Networks – Certified Competence. Proven Expertise. Real-World Cyber Resilience. Empowering enterprises through advanced security engineering, continuous monitoring, and forensic intelligence.
Every engagement reflects our belief that advisory must meet assurance — a promise we deliver through partnership, integrity, and measurable impact.
Codec Networks – Where Advisory Meets Assurance. Empowering Clients Through Partnership, Transparency, and Trust.
And above all —
“Decoding Threats. Coding Solutions.” That’s the Codec Networks Advantage.
RBI, SEBI, IRDAI, NPCI, UIDAI and Other Regulatory Audits
Codec Networks, a CERT-In empanelled Information Security Auditing Organisation, delivers independent, risk-based cybersecurity and compliance audits for regulated entities across banking, NBFC, FinTech, securities, insurance, payments, Aadhaar-enabled services, government, healthcare and critical infrastructure sectors.
Our value proposition combines regulatory understanding, cybersecurity expertise, structured audit methodology and evidence-driven assurance to help organizations identify compliance gaps, strengthen controls and demonstrate regulatory readiness.
1. Regulatory and Framework-Aligned Audit Assurance
- Audits applicable requirements issued by RBI, SEBI, IRDAI, NPCI, UIDAI, CERT-In and other relevant authorities.
- Maps regulatory obligations with ISO/IEC 27001:2022, ISO 27002, ISO 27005, ISO 22301, NIST CSF, COBIT, CIS Controls and applicable data-protection requirements.
- Converts complex regulatory provisions into practical audit criteria, control requirements, evidence expectations and accountable actions.
- Supports consistent compliance across applications, infrastructure, cloud, networks, data centres, branches, third parties and digital ecosystems.
2. CERT-In Empanelled and Risk-Based Audit Approach
- Applies a structured methodology aligned with applicable CERT-In requirements and recognized auditing principles.
- Evaluates both control design—Test of Design—and operating effectiveness—Test of Effectiveness.
- Prioritizes observations according to regulatory significance, threat exposure, business criticality, likelihood and potential impact.
- Maintains professional independence, confidentiality, evidence integrity and appropriate segregation between audit and remediation activities.
3. Multidisciplinary Regulatory and Cybersecurity Expertise
- Deploys auditors and specialists with experience in information security, IT governance, VAPT, cloud security, application security, SOC, incident response, privacy and business continuity.
- Brings relevant professional competencies such as CISA, CISSP, CISM, ISO 27001 Lead Auditor/Implementer, CEH and cloud-security certifications, subject to engagement requirements.
- Understands sector-specific technology, operating models, outsourcing arrangements, payment environments, digital channels and sensitive-data ecosystems.
- Integrates governance, process and technical testing to provide a complete view of regulatory cyber risk.
4. Comprehensive Audit Coverage
- Covers cybersecurity governance, IT risk management, asset management, identity and access management, secure configuration, vulnerability management and security monitoring.
- Reviews application, API, mobile, network, cloud, database, endpoint, data-protection and third-party security controls, as applicable.
- Assesses incident response, regulatory reporting, business continuity, disaster recovery, cyber resilience, log management and forensic readiness.
- Validates policies, procedures, contracts, configurations, records, system-generated evidence, samples and stakeholder practices.
5. Evidence-Driven Findings and Actionable Remediation
- Links each finding to the applicable regulatory clause, audit criterion, supporting evidence and affected system or process.
- Clearly distinguishes compliant, partially compliant, non-compliant and not-applicable requirements.
- Provides risk-rated observations with business impact, root-cause considerations, recommended corrective actions, ownership and target timelines.
- Supports structured management responses, corrective-action tracking and re-testing of remediated observations within the agreed scope.
6. Management Visibility and Regulatory Readiness
- Delivers executive summaries, detailed audit reports, compliance matrices, risk heat maps and prioritized remediation roadmaps.
- Provides traceability from regulatory requirements to controls, audit procedures, evidence reviewed and audit conclusions.
- Helps boards, senior management, CISOs, compliance officers and technology teams understand material exposures and required decisions.
- Strengthens readiness for regulatory inspections, supervisory reviews, internal audits, certification audits and customer assurance requirements.
7. Independent, Scalable and Business-Focused Delivery
- Adapts the audit approach to the organization’s size, complexity, risk profile, technology architecture and regulatory classification.
- Supports single-entity, multi-location, group-wide and ecosystem-based audits through onsite, remote or hybrid delivery models.
- Coordinates audit activities to reduce operational disruption while preserving audit independence and testing sufficiency.
- Enables organizations to transform regulatory compliance from a periodic exercise into a sustainable governance and cyber-resilience capability.
Why Customers Should Choose Codec Networks
Customers should consider Codec Networks for the combination of CERT-In empanelment, regulatory-domain understanding, multidisciplinary technical capability, risk-based testing and practical reporting. Our audits are designed not merely to identify documentary gaps, but to determine whether critical cybersecurity controls are appropriately designed, consistently implemented and demonstrably effective.
The result is greater regulatory confidence, stronger cyber resilience, improved management accountability and a clearly prioritized path toward sustained compliance.
Disclaimer: Audit scope, procedures and conclusions depend on the applicable regulation, agreed terms of reference, systems and locations included, sampling methodology, evidence provided and conditions existing during the audit period. An audit provides reasonable assurance within its defined scope and does not constitute a guarantee against cyber incidents, regulatory action or future control failure. CERT-In empanelment should be represented strictly in accordance with applicable CERT-In conditions and should not be construed as an endorsement of any commercial claim or as certification by CERT-In.
Founded in 2008 with 17+ Years of Industry Experience in Information and Cyber Security domain
Codec Networks Full-Spectrum Cybersecurity Expertise across all Industry Domains:
- Security Vulnerability Assessment & Penetration Testing (VAPT): Covering Web, Mobile, API, IoT, Blockchain, Cloud-Native, and smart infrastructure environments, with a focus on OWASP, MITRE ATT&CK, and real-world exploit simulation.
- Offensive Security & Deep Level Security Assessments: Advanced Red Team, Blue Team and Purple Team Exercises, Threat Simulations, Social Engineering Campaigns, and Secure Code Review.
- IT Security Audit & Compliance Services: Implementation and audit support for ISO/IEC 27001, ISO 27701, NIST CSF, RBI-CSF, SEBI, IRDAI, PCI DSS, HIPAA, SOC 2, GDPR, and India’s DPDPA 2023.
- Data Privacy & Strategic Risk Advisory: ISO 27701, GDPR, DPDPA, Cross-border compliance, DPIA, DPO-as-a-service, supply chain risk management, and digital transformation risk consulting.
- Emerging Technology Security (Web3.0 | AI | Blockchain): Specialized testing for smart contracts, DeFi platforms, Metaverse applications, AI/ML models, quantum readiness, and blockchain nodes.
- Managed SOC & Threat Monitoring Services: End-to-end SOC operations, SIEM/EDR/XDR/SOAR integration, threat intelligence, cloud security monitoring, and 24/7 incident response.
- Cyber Forensics & Threat Analysis: Investigation services including Device forensics, Malware Analysis, Cloud and Mobile forensics, insider threat detection, and Forensic support.
- Board-Level Cybersecurity Advisory Services to build governance, quantify risks, and align with enterprise-wide digital priorities : Codec Networks enables this transformation by offering Integrated Cyber Risk Management, GRC Program Advisory, Reputation Management, Crisis Communication Readiness, and CISO Support, tailored for CXOs and board members seeking to integrate cybersecurity into strategic decision-making.
- Cyber Security Education & Global Certifications - Through the Codec Centre for Professional Excellence, we deliver Post Graduate Certification in Advanced Cybersecurity (PGCAC), Graduate Certification in Advanced Cybersecurity (GCAC), Accredited Trainings & Certifications from EC Council, PECB, TUV, Quality Austria, ISACA and ISC2 - building the next generation of cybersecurity leaders.
- CERT-IN empaneled Information Security Auditing Organization
- NICSI empaneled for providing Application Audit and Compliance Services under Start-Up Category
- An ISO/IEC 27001:2022 certified company, has established Information Security Management System (ISMS), demonstrating a structured approach to manage and protect sensitive information from cyber threats.
- An ISO 20000 IT Service Management (ITSM) company, ensure high-quality and reliable service delivery to clients on our products and services offered.
- An ISO 9001 certified company, has established and maintains a certified Quality Management System (QMS) that meets international standards for quality and consistency
At Codec Networks, our foundation is built on deep technical mastery, certified expertise, and an unrelenting pursuit of cyber excellence. With a team of globally accredited professionals, advanced methodologies, and next-generation tools, we deliver measurable security outcomes across assessment, compliance, monitoring, and forensic domains. Our competency-driven approach ensures every engagement is governed by precision, accountability, and alignment with international standards — empowering enterprises to stay secure, compliant, and resilient.
Governance, Risk & Compliance (GRC) Competency
Codec Networks’ dedicated Governance, Risk & Compliance (GRC) group specializes in security assessments, risk management, regulatory compliance, and audit readiness. The team partners with organizations to strengthen governance frameworks and ensure end-to-end compliance in a complex regulatory landscape.
Key Attributes:
- Team of certified auditors and consultants with credentials including ISO 27001 LA/LI, ISO 31000 Risk Specialist, ISO 27701 PIMS, GDPR, SOC 2, HIPAA, CCPA, DPO, CISA, CISM, CRISC, CISSP and other advanced industry certifications.
- Expertise in enterprise risk quantification, privacy impact assessment (PIA/DPIA), audit automation, and supply chain risk mapping.
- Proven track record in implementing ISO-based ISMS/PIMS frameworks, RBI/SEBI/IRDAI audits, and cross-border data compliance projects.
Vulnerability Assessment & Penetration Testing (VAPT) Expertise
Our VAPT teams bring extensive technical depth across Web, Mobile, API, Cloud, Network, Database, Infrastructure, IoT, and People & Process domains. Every engagement is mapped to OWASP, NIST, MITRE ATT&CK, ISO 27001, PCI DSS, HIPAA, RBI, and GDPR frameworks — ensuring real-world relevance and compliance alignment.
Core Strengths:
- Certified professionals with CEH, C-PENT, LPT, OSCP, OSWE, OSEE, and CREST credentials, averaging 7–10 years of offensive security experience.
- Proven expertise in Red/Blue/Purple Teaming, DevSecOps, secure SDLC, and threat emulation.
- Continuous skill enhancement through CTFs, hackathons, and product certifications (on case to case basis) such as CCNA, CCNP etc.
Managed SOC & Threat Intelligence Operations
Codec Networks operates a 24/7 Managed Security Operations Center (SOC) delivering continuous visibility, detection, and response across hybrid environments. Our SOC integrates SIEM, SOAR, EDR/XDR, and Cloud-Native Analytics to ensure rapid threat detection, incident containment, and business continuity.
Key Capabilities:
- Certified SOC analysts with credentials such as CHFI, CEH, CompTIA CySA+, GCIA, GCFA, and Splunk Certified Architect.
- Integration with platforms like Splunk, QRadar, SentinelOne, CrowdStrike, Elastic, Microsoft Sentinel, and Cortex XSOAR.
- Advanced use cases include cloud posture management, insider threat analytics, MITRE ATT&CK–aligned detections, and threat hunting automation.
- Comprehensive SOC Maturity Assessments and Threat Intelligence Fusion through integration with global feeds and dark web monitoring.
Cyber Forensics & Threat Analysis Expertise
Our Cyber Forensic Division delivers end-to-end investigation, evidence preservation, and digital analysis services — designed to support law enforcement, corporate forensics, and internal response teams. We combine forensic science with cyber intelligence to identify root causes, trace adversaries, and restore operational integrity.
Core Expertise Areas:
- Device, Network, Cloud, and Mobile Forensics – leveraging latest forensic tools (wherever applicable) such as Autopsy, Cyber Triage, Kape, EnCase, FTK, Magnet AXIOM, and Cellebrite.
- Malware Reverse Engineering and Memory Forensics for incident containment and threat attribution.
- Blockchain & Crypto Forensics – tracing DeFi fraud, NFT manipulation, and crypto laundering activities using Chainalysis, TRM Labs, and Elliptic (wherever applicable).
- Incident Response Support – forensic readiness, eDiscovery, evidence preservation, aligned with ISO/IEC 27037 & 27043.
- Certified experts including CHFI, eCIR, eCDFP, GCFE, GCFA, EnCE, CFCE and ECIH, ensuring investigations meet both technical and legal standards.
Advanced Tools, Frameworks & Continuous Innovation
Codec Networks leverages industry-leading tools and platforms such as Burp Suite Pro, Nessus, Prisma Cloud, Splunk, QRadar, CrowdStrike, SentinelOne, Autopsy, Chainalysis, MythX, and Prowler (wherever applicable) ensuring accuracy, scalability, and efficiency.
Our methodologies align with globally recognized frameworks including:
- MITRE ATT&CK & D3FEND
- OWASP Top 10 / MASVS / ASVS
- NIST Cybersecurity Framework & SP 800-115
- ISO/IEC 27001, 27701, 31000, 22301
Through ongoing research, Codec Networks continually evolves to address modern threats — from Generative AI prompt attacks and smart contract exploits to IoT zero-days, metaverse impersonation, and quantum-era vulnerabilities.
Compliance-Driven Deliverables
All technical engagements and reports are mapped to major global and Indian compliance frameworks — including ISO 27001, PCI DSS, HIPAA, GDPR, RBI-CSF, SEBI, IRDAI, and DPDPA 2023. Our structured technical and executive reports support board-level visibility, audit evidence, and certification readiness, ensuring that every engagement drives both technical assurance and regulatory confidence.
Codec Networks – Certified Competence. Proven Expertise. Real-World Cyber Resilience. Empowering enterprises through advanced security engineering, continuous monitoring, and forensic intelligence.
At Codec Networks, we believe that cybersecurity excellence is not achieved through tools alone — it is built through methodical delivery, risk-based insight, and measurable outcomes. Our Agile and Modular 8-Stage Delivery Methodology ensures that every engagement — from rapid risk assessments to full-scale ISMS implementations — is structured, standards-aligned, and business-focused.
Agile & Modular Methodology
Our delivery framework integrates global best practices with localized regulatory insight, ensuring each engagement is executed with clarity, accountability, and precision. Clients benefit from seamless onboarding, milestone-driven execution, and transparent reporting throughout the lifecycle.
- Discovery & Scoping: Collaborative workshops to understand business context, IT landscape, compliance obligations, and risk appetite, forming the foundation of a well-defined project scope.
- Risk Profiling & Gap Assessment: Comprehensive evaluation of people, process, and technology controls aligned with ISO 27001, NIST CSF, GDPR, HIPAA, DPDPA 2023, RBI, and PCI DSS.
- Regulatory Mapping & Framework Alignment: Mapping organizational obligations against applicable standards and laws — from ISO & NIST to RBI, SEBI, IRDAI, UIDAI, and DPDPA — including new-age frameworks like ISO 42001 (AI) and FATF for emerging technologies.
- Security Architecture & Control Design: Designing or refining network, cloud, and data security architectures with controls tailored for cloud, AI, OT/ICS, and Web3.0 environments.
- Documentation & Policy Development: Creation and refinement of Policies, SOPs, Risk Registers, DPIAs, Incident Response Plans, and Governance Documents, ensuring audit readiness and legal compliance.
- Implementation & Risk Treatment: Execution of remediation roadmaps, vendor risk management, privacy engineering, and workforce training to mitigate gaps and operationalize security controls.
- Validation, Testing & Audit Readiness: Conducting mock audits, VAPT, forensic readiness, and compliance testing to validate effectiveness and prepare for certifications.
- Governance Reporting & Continual Improvement: Delivering executive dashboards, compliance scorecards, and board-level insights with ongoing advisory through vCISO and DPO-as-a-Service models.
Risk-Based & Business-Oriented Audit Approach
Our methodology goes beyond testing systems — it focuses on how vulnerabilities translate into business, reputational, and compliance risks.
- Deliver Deep Insight: Actionable intelligence into vulnerabilities, attack paths, business impact, and remediation priorities.
- Extend Beyond Tools: Manual and contextual assessments combining automation with human expertise across government, financial, and commercial sectors.
- Actionable Reporting: Executive-friendly reports that translate complex findings into strategic, risk-aware recommendations.
- Efficient Execution: Critical assets prioritized for testing to deliver maximum value within tight engagement windows.
Outcome-Driven Engagements for Security Maturity
Each stage is modular yet interconnected, adaptable to enterprises of any scale or industry. Whether it’s a cloud-native fintech pursuing SOC 2, a healthcare provider ensuring HIPAA alignment, or a bank meeting RBI-CSF requirements, Codec Networks ensures consistency, compliance, and measurable improvement.
Beyond certification checklists, our Post-Audit Support and Continuous Risk Monitoring provide remediation guidance, breach response playbooks, staff training, and ongoing compliance tracking — building sustainable security posture and resilient business continuity.
Codec Networks – Turning Compliance into a Competitive Advantage. Structured. Measurable. Secure. Always Aligned with Your Business Goals.
At Codec Networks, our clients are not just audit subjects — they are long-term partners in a shared cybersecurity journey. Every engagement is designed around the client’s business priorities, security maturity, and risk appetite, ensuring solutions that are relevant, practical, and results-driven.
With a legacy of 650+ successful engagements across industries such as Banking, Fintech, Healthcare, Telecom, Energy, Aviation, Manufacturing, E-commerce, and Government, Codec Networks has attempted to become a trusted advisor for organizations seeking to transform compliance into resilience.
Our engagement philosophy extends beyond conventional audits. We integrate strategic advisory, technical assurance, remediation support, and continuous compliance monitoring, creating a full lifecycle relationship rather than a one-time service. Clients benefit from:
- Personalized advisory frameworks tailored to their business model and operational scale.
- Collaborative engagement models featuring joint workshops, stakeholder training, and compliance awareness sessions.
- Board-level guidance and reporting that translates complex technical findings into actionable business intelligence.
- Transparent communication channels with dedicated project managers, secure digital workspaces, and real-time status dashboards.
By combining the objectivity of an auditor with the empathy of an advisor, Codec Networks builds trust, accountability, and measurable security growth. Our commitment is simple — to deliver cybersecurity as a continuous partnership, not a periodic project.
Codec Networks – Where Advisory Meets Assurance. Empowering Clients Through Partnership, Transparency, and Trust.
At Codec Networks, integrity, professionalism, and ethical responsibility form the cornerstone of every engagement. As a trusted strategic partner in cybersecurity, we operate within the highest standards of ethical conduct, legal compliance, and regulatory governance, ensuring our services strengthen both our clients’ defenses and their reputations.
We adhere to a strict ethical code of conduct, driven by transparency, independence, and accountability. Every consultant, auditor, and engineer within Codec Networks upholds the core security triad of Confidentiality, Integrity, and Availability (CIA) — ensuring data protection, operational reliability, and business continuity at all times.
Our professional ethos blends technical excellence with moral responsibility, following structured processes, defined service standards, and adherence to international and national regulatory frameworks.
Our Ethical & Professional Commitments
- Zero-Compromise Consulting: We maintain independence, neutrality, and confidentiality across all audits and advisory engagements.
- Legal & Regulatory Conformance: We assist clients to conform strictly within the boundaries of applicable cyber laws, privacy regulations, and data protection statutes.
- Client-First Philosophy: Every recommendation is designed to safeguard stakeholder interests, minimize legal exposure, and build sustainable resilience.
- Outcome-Driven Security Maturity: Our modular yet integrated delivery approach supports organizations of all sizes in achieving measurable improvements in security posture.
- Global Delivery, Local Integrity: Our Global Network Delivery Model integrates international best practices with local regulatory expertise — ensuring value-driven, compliant outcomes.
Industry-Specific Security Advisory
Recognizing that every sector faces distinct threats and compliance challenges, Codec Networks provides customized, industry-aligned security advisory across BFSI, Fintech, Telecom, Healthcare, Energy, Aviation, E-commerce, Government, and Critical Infrastructure domains.
Our sector-specific consulting translates regulatory complexity into practical, business-aware strategies, ensuring risk mitigation plans are compliant, auditable, and operationally feasible.
Our Commitment
With a zero-tolerance approach to ethical compromise, Codec Networks stands for trust, transparency, and truth in cybersecurity. We are more than consultants — we are custodians of digital integrity, committed to helping organizations navigate risk, maintain compliance, and enable secure business growth.
Codec Networks – Where Integrity Meets Innovation. Trusted. Ethical. Future-Ready.
At Codec Networks, we combine the strength of a global delivery ecosystem with the precision of local regulatory insight to deliver cybersecurity solutions that are both internationally benchmarked and regionally compliant.
Our Global Delivery Capability enables clients across continents to access specialized cybersecurity expertise, advanced technologies, and globally aligned methodologies. Through a distributed network of certified professionals, partner alliances, and intelligence centers, Codec Networks ensures consistent service quality and rapid response across time zones and geographies.
What truly differentiates us is our Local Expertise — a deep understanding of national regulations, industry frameworks, and operational nuances that shape cybersecurity implementation in each region.
Our hybrid delivery model blends remote and on-site collaboration, combining the agility of digital operations with the contextual understanding of local consultants. This ensures culturally aligned communication, faster problem resolution, and seamless coordination with client teams.
With a presence across India, Codec Networks empowers global enterprises to manage cybersecurity uniformly while adapting to local risks, regulations, and realities.
Codec Networks – Global Vision. Local Precision. Consistent Cyber Resilience.
“With Codec Networks, you’re not just buying a service — you’re investing in a cybersecurity ally who understands your business, defends your reputation, and strengthens your future.”
At Codec Networks, we believe cybersecurity is not a project — it’s a partnership. Our approach is built on trust, transparency, and transformation, helping clients evolve from compliance readiness to cyber resilience.
Your Strategic Security Partner
Codec Networks acts as a strategic security partner, providing continuous roadmap development, architecture reviews, and improvement programs that evolve with your business and the threat landscape.
“We don’t just secure businesses — we empower them to lead with confidence in a digital-first world.”
Our strength lies in the fusion of technical depth, regulatory insight, industry specialization, and future readiness — providing unmatched cybersecurity value to enterprises across India and beyond.
Codec Networks – Certified Competence. Proven Expertise. Real-World Cyber Resilience. Empowering enterprises through advanced security engineering, continuous monitoring, and forensic intelligence.
Every engagement reflects our belief that advisory must meet assurance — a promise we deliver through partnership, integrity, and measurable impact.
Codec Networks – Where Advisory Meets Assurance. Empowering Clients Through Partnership, Transparency, and Trust.
And above all —
“Decoding Threats. Coding Solutions.” That’s the Codec Networks Advantage.
WHAT OUR CUSTOMERS SAY
Every customer testimonial is proof of our commitment, highlighting security,
ompliance, and resilience enabled by Codec Networks’ services.
FREQUENTLY ASKED QUESTION
Asking the right questions is the first step toward security; our FAQs
It is an independent annual assessment of the systems, processes and controls supporting a Mutual Fund or AMC’s regulated operations. The audit evaluates compliance with SEBI Circular and applicable current SEBI requirements.
The service is primarily applicable to:
- SEBI-registered Mutual Funds.
- Asset Management Companies.
- Trustee Companies and Boards of Trustees.
- Registrars and Transfer Agents.
- Relevant fund accountants, custodians, cloud providers and other technology or outsourced service providers forming part of the control environment.
Guidelines provides for an annual system audit by an independent CISA/CISM-qualified or equivalent auditor. The exact audit period, timelines and applicable current requirements should be confirmed while finalising the engagement.
The attached circular requires an independent CISA/CISM-qualified or equivalent auditor but does not expressly make CERT-In empanelment mandatory. Codec Networks is empanelled by CERT-In for providing Information Security Auditing Services and applies applicable CERT-In audit-practice disciplines as an additional credential.
No. Guidelines states that Annexure is indicative and not exhaustive. The scope may therefore be extended based on business risks, technology changes, outsourcing, cloud adoption, incidents, previous findings and subsequent regulatory requirements.
As per guidelines, the audit may cover front-office and back-office integration, investment processing, fund accounting and NAV calculation, financial reporting, unit-holder administration, funds flow, regulatory limits and access rights. Supporting infrastructure, interfaces, databases, networks, security systems and relevant third parties are included according to the agreed scope.
Systems and processes are prioritized according to business criticality, investor impact, transaction volumes, data sensitivity, cyber exposure, incident history, technology changes and previous observations. Higher-risk areas receive deeper testing, larger or targeted samples and greater management attention.
Evidence may include policies, asset inventories, network and application diagrams, access records, configurations, change tickets, logs, incident records, backup and recovery results, BCP/DR tests, vendor documents and transaction samples. Audit conclusions depend on the completeness, accuracy and timely availability of relevant evidence.
Yes, where their systems or processes materially support the Mutual Fund or AMC’s control environment. The auditee is responsible for coordinating access to relevant vendor evidence, personnel and assurance reports; inaccessible third-party systems or evidence will be disclosed as scope limitations.
No. Configuration review, vulnerability assessment, penetration testing, source-code review or other technical procedures are conducted only where relevant, expressly included and authorised through written rules of engagement. Intrusive production testing is not implied by the system-audit engagement.
Depending on the contracted scope, deliverables may include:
- Executive and detailed system-audit reports.
- Clause-wise or control-wise assessment.
- Evidence index and scope record.
- Risk-rated observations and recommendations.
- Annexure 2 exception-reporting support.
- Remediation tracker and follow-up verification report.
As per guidelines, the exception report is reviewed by the Technology Committee and then placed before the AMC and Trustee Boards. The exception observation report, together with trustee comments, is to be communicated to SEBI within the prescribed timeline, and the system-audit report must remain available for inspection. Regulatory submission remains the auditee’s responsibility.
Observations are evaluated using likelihood, business impact, regulatory significance and recurrence. Annexure addresses high- and medium-risk exceptions and specified recurring low-risk observations. Technical vulnerabilities may additionally use CVSS and EPSS where applicable.
No. Codec Networks may recommend corrective actions and, where contracted, verify their implementation through a follow-up assessment. Management remains responsible for remediation, risk acceptance, control operation and approval of residual risk.
No. The audit provides independent, point-in-time and evidence-based reasonable assurance within the agreed scope.
It is an independent annual assessment of the systems, processes and controls supporting a Mutual Fund or AMC’s regulated operations. The audit evaluates compliance with SEBI Circular and applicable current SEBI requirements.
The service is primarily applicable to:
- SEBI-registered Mutual Funds.
- Asset Management Companies.
- Trustee Companies and Boards of Trustees.
- Registrars and Transfer Agents.
- Relevant fund accountants, custodians, cloud providers and other technology or outsourced service providers forming part of the control environment.
Guidelines provides for an annual system audit by an independent CISA/CISM-qualified or equivalent auditor. The exact audit period, timelines and applicable current requirements should be confirmed while finalising the engagement.
The attached circular requires an independent CISA/CISM-qualified or equivalent auditor but does not expressly make CERT-In empanelment mandatory. Codec Networks is empanelled by CERT-In for providing Information Security Auditing Services and applies applicable CERT-In audit-practice disciplines as an additional credential.
No. Guidelines states that Annexure is indicative and not exhaustive. The scope may therefore be extended based on business risks, technology changes, outsourcing, cloud adoption, incidents, previous findings and subsequent regulatory requirements.
As per guidelines, the audit may cover front-office and back-office integration, investment processing, fund accounting and NAV calculation, financial reporting, unit-holder administration, funds flow, regulatory limits and access rights. Supporting infrastructure, interfaces, databases, networks, security systems and relevant third parties are included according to the agreed scope.
Systems and processes are prioritized according to business criticality, investor impact, transaction volumes, data sensitivity, cyber exposure, incident history, technology changes and previous observations. Higher-risk areas receive deeper testing, larger or targeted samples and greater management attention.
Evidence may include policies, asset inventories, network and application diagrams, access records, configurations, change tickets, logs, incident records, backup and recovery results, BCP/DR tests, vendor documents and transaction samples. Audit conclusions depend on the completeness, accuracy and timely availability of relevant evidence.
Yes, where their systems or processes materially support the Mutual Fund or AMC’s control environment. The auditee is responsible for coordinating access to relevant vendor evidence, personnel and assurance reports; inaccessible third-party systems or evidence will be disclosed as scope limitations.
No. Configuration review, vulnerability assessment, penetration testing, source-code review or other technical procedures are conducted only where relevant, expressly included and authorised through written rules of engagement. Intrusive production testing is not implied by the system-audit engagement.
Depending on the contracted scope, deliverables may include:
- Executive and detailed system-audit reports.
- Clause-wise or control-wise assessment.
- Evidence index and scope record.
- Risk-rated observations and recommendations.
- Annexure 2 exception-reporting support.
- Remediation tracker and follow-up verification report.
As per guidelines, the exception report is reviewed by the Technology Committee and then placed before the AMC and Trustee Boards. The exception observation report, together with trustee comments, is to be communicated to SEBI within the prescribed timeline, and the system-audit report must remain available for inspection. Regulatory submission remains the auditee’s responsibility.
Observations are evaluated using likelihood, business impact, regulatory significance and recurrence. Annexure addresses high- and medium-risk exceptions and specified recurring low-risk observations. Technical vulnerabilities may additionally use CVSS and EPSS where applicable.
No. Codec Networks may recommend corrective actions and, where contracted, verify their implementation through a follow-up assessment. Management remains responsible for remediation, risk acceptance, control operation and approval of residual risk.
No. The audit provides independent, point-in-time and evidence-based reasonable assurance within the agreed scope.