CyRAACS

  The Manual Audit Crisis In today fast paced, digitally-driven financial landscape, traditional manual audits are becoming an outdated and dangerous liability for banks and Non Banking Financial Companies (NBFCs). As digital banking explodes and regulatory complexity soars, the old ways of compliance simply can't keep up. If your institution is struggling with slow issue resolution, rising costs and persistent compliance gaps, it’s time to confront the reasons why manual audits are failing to protect your business. 10 Reasons Why Traditional Audits Are Falling Short The challenges of manual audits go beyond simple paperwork. They fundamentally undermine an institution's ability to maintain real-time visibility and robust risk defense . Challenge Impact on Modern Financial Institutions High Dependence on Sampling Missing critical, high-risk transactions hidden within the unsampled data. Delayed Issue Detection Risks escalate and become more costly before they are identified. I...

 The landscape of cyber threats is evolving at an unprecedented pace. The rise of sophisticated Artificial Intelligence is empowering attackers to craft highly convincing, personalized and rapidly executed deception campaigns. AI driven phishing, deepfakes, and other malicious attacks are becoming smarter, faster, and much harder for traditional defenses to detect. In this new era, building true cyber resilience requires a dual approach: leveraging AI for defense while empowering the human element. Based on the roadmap developed by CyRAACS and COMPASS , here are five critical pillars for organisations to navigate and secure their future against AI driven deception. 1. Understanding the New Threat Landscape & Recognizing the Human Factor AI is the engine of modern deception. Attackers use it to create phishing emails with perfect grammar and context, or generate realistic deepfake audio/video for business email compromise and social engineering attacks. The Threat: AI-driven p...