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xtreme.infosec
BFSIBanks, brokers & AMCs

VAPT for Banking & Capital Markets — aligned to SEBI CSCRF and RBI

SEBI’s Cybersecurity and Cyber Resilience Framework (CSCRF) and RBI’s IT governance directions expect regular, independent VAPT with strict closure timelines. We test trading platforms, banking apps, APIs and networks the way an attacker would, help your team close every finding on time, and arrange the CERT-In empanelled audit report through our partner.

Trading & banking apps, APIsCSCRF & RBI timelinesCERT-In audit via partner
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    Overview

    Testing for orders, accounts and money movement.

    In banking and capital markets, the costly bugs are in business logic: placing an order on someone else’s account, bypassing a withdrawal limit, or reading another client’s holdings through an API. We test these flows by hand alongside infrastructure, cloud and segmentation checks, and track every finding against the CSCRF and RBI timelines your auditors follow.

    SCANNER ONLYXTREME INFOSEC
    Known vulnerability scan✓✓
    Order, holdings & transfer logic testing✕✓
    Trading & mobile app reverse engineering✕✓
    API, segmentation & cloud reviewLimited✓
    Findings tracked to CSCRF closure timelinesLimited✓

    Built for:

    • ●Stock brokers and depository participants
    • ●Mutual funds and AMCs
    • ●KRAs, RTAs and investment advisers
    • ●Banks and their digital channels
    • ●Fintechs serving SEBI-regulated entities
    Book a CSCRF VAPT

    or call +91 98183 63944

    What we test

    What we test for banks and market entities

    Pick an area to see what we check — and a typical finding.

    Trading platforms

    Web and desktop trading terminals, internet trading and algo APIs.

    WHAT WE CHECK

    • Orders placed on other accounts
    • Price & quantity tampering
    • Session & 2FA handling
    • Rate limits on order APIs

    EXAMPLE FINDING

    Order placed on
    another client’s account via API
    CRITICAL

    Mobile apps

    Trading, banking and investor apps on Android and iOS.

    WHAT WE CHECK

    • Hard-coded secrets
    • Insecure local storage
    • Certificate pinning
    • Root / jailbreak & tampering

    EXAMPLE FINDING

    Session token stored
    in plain text on the device
    HIGH

    APIs & integrations

    Exchange, depository, UPI and partner integrations.

    WHAT WE CHECK

    • Object-level authorisation
    • Transfer & withdrawal limit bypass
    • Race conditions
    • Webhook validation

    EXAMPLE FINDING

    Withdrawal limit bypassed
    with a race condition
    HIGH

    Back office

    Back-office, RTA and KRA systems and third-party software.

    WHAT WE CHECK

    • Role & maker-checker bypass
    • Bulk data export
    • Vendor (COTS) product testing
    • Audit trail integrity

    EXAMPLE FINDING

    Maker can approve their own
    payout requests
    HIGH

    Network & cloud

    Internet-facing services, internal network, Wi-Fi and cloud.

    WHAT WE CHECK

    • External attack surface
    • Network segmentation
    • Cloud configuration
    • Shared admin accounts

    EXAMPLE FINDING

    Corporate network can reach
    critical trading systems
    HIGH

    CSCRF & RBI reporting

    Reports that fit SEBI and RBI reviews.

    WHAT WE CHECK

    • Scope per CSCRF VAPT annexure
    • 1-month report, 3-month closure tracking
    • Revalidation evidence
    • CERT-In audit report via partner

    EXAMPLE FINDING

    Revalidated report with
    all findings closed
    READY
    Process

    How CSCRF VAPT with us works

    01

    Scoping call

    Share your entity category, systems and audit calendar. We sign an NDA first.

    02

    Scope per CSCRF

    We map apps, APIs, network, Wi-Fi, cloud and segmentation to the scope your category needs.

    03

    Testing

    Manual testing in agreed windows, without disrupting live trading or transactions.

    04

    Report & fixes

    Every finding with its risk and exact fix, ready for your IT Committee.

    05

    Revalidation

    We retest every fix; where a CERT-In empanelled report is needed, our partner verifies and issues it.

    Engagements

    Pick the engagement that fits

    Tell us your entity type and CSCRF category, and we’ll send a fixed quote.

    ESSENTIAL

    App + API

    One trading or banking app and its APIs.

    • Manual app & API pentest
    • Business-logic testing
    • Report with fixes
    • 2 free retests
    Get a quote
    MOST POPULAR

    Full CSCRF scope

    Apps, APIs, network, Wi-Fi and cloud.

    • Everything in App + API
    • Segmentation & cloud review
    • IT Committee summary
    • CERT-In audit via partner
    Get a quote
    CONTINUOUS

    Annual programme

    Testing that follows your audit calendar.

    • Yearly or half-yearly cycles
    • New releases tested
    • Revalidation every cycle
    • Dedicated security contact
    Talk to us
    “Their penetration testing methodology was thorough and aligned with OWASP standards. The final report was detailed, actionable, and easy for our developers to understand.”
    Shaik Ajur★★★★★
    “Xtreme InfoSec identified critical vulnerabilities that other vendors missed, with excellent remediation support.”
    William John★★★★★
    FAQ

    Questions before you start

    How often is VAPT required under SEBI CSCRF?−

    At least once a financial year, planned from the first quarter. Entities whose systems are notified as Protected Systems or Critical Information Infrastructure need two cycles a year, and exchanges keep qualified stock brokers on a half-yearly cycle.

    What are the CSCRF VAPT timelines?+

    The report is due within one month of completing the test, findings must be closed within three months of submission, and revalidation must be done within five months of the test.

    Who can perform CSCRF VAPT and audits?+

    CSCRF audits must be carried out by a CERT-In empanelled IS auditing organisation. Xtreme InfoSec is not empanelled: we run the testing and help you fix the findings, and our CERT-In empanelled partner verifies them and issues the report. How CERT-In audits work →

    What does RBI require from banks?+

    RBI’s Master Direction on IT Governance, Risk, Controls and Assurance Practices (November 2023) asks for vulnerability assessment of critical and customer-facing systems at least every six months and penetration testing at least every twelve months, by independent, trained testers.

    Will testing affect live trading?+

    We agree test windows, use UAT or test accounts where possible, and avoid destructive tests on production. Order and transfer tests use controlled accounts and small values.

    Get started

    Stay ahead of your CSCRF calendar.

    Book a free scoping call. Share your entity category and systems, and get a clear plan and a fixed quote.

    +91 98183 63944

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