When you’re a bank operating under the vigilant oversight of the Reserve Bank of India (RBI), cybersecurity isn’t just an IT concern—it’s a regulatory imperative. For one of India’s leading mid-sized banks, managing cyber risk, vulnerability remediation, and compliance had become a fragmented challenge.
Multiple tools. Disconnected teams. Manual reporting.
Their approach to Vulnerability Management (VM) lacked visibility, prioritization, and alignment with RBI’s cybersecurity expectations.
That’s when they turned to SynVM—SynRadar’s unified Vulnerability Management and Cyber Risk Mapping platform, built for compliance-intensive sectors like BFSI.
Why Vulnerability Management is Now a Boardroom Priority in Indian Banking?
The rise in targeted cyberattacks, RBI’s stricter compliance mandates, and customer expectations of digital trust have pushed banks to rethink their approach to cybersecurity.
According to CERT-IN, over 13 lakh cybersecurity incidents were reported in 2023 alone. Meanwhile, RBI’s Cyber Security Framework for Banks requires continuous assessment, proactive remediation, and demonstrable governance.
Key pressure points for banks today:
- Frequent vulnerability disclosures (e.g., MOVEit, Apache, Microsoft CVEs)
- Scrutiny over third-party vendors
- Mandatory board-level reporting of cyber risks
- Expectation of real-time posture visibility
Traditional VM tools and manual processes just can’t keep up.
The Challenge: Siloed Risk & Compliance Processes
Despite investing in several cybersecurity initiatives, the bank faced challenges familiar to many in the industry:
- Vulnerability data was trapped in spreadsheets, with no context about asset criticality.
- No clear prioritization—remediation was ad-hoc, not risk-driven.
- Compliance and IT security worked independently, leading to duplication and oversight.
- RBI audit reporting was manual, reactive, and consumed valuable time.
They needed an integrated, intelligent solution to manage vulnerabilities in a risk-aware and compliance-ready manner.
The Solution: SynVM – Vulnerability Management Meets Compliance
SynVM brought structure, automation, and visibility to their entire vulnerability lifecycle.
Here’s how SynVM transformed their operations:
✅ Real-Time Mapping of Vulnerabilities to Critical Assets
No more treating all vulnerabilities equally—SynVM revealed which ones posed real business risks.
✅ Automated Risk Scoring
Prioritized based on exposure, exploitability, and asset value—making patching decisions faster and smarter.
✅ Built-In Regulatory Compliance Frameworks
Including RBI Cybersecurity Guidelines, ISO 27001, and NIST—all mapped to real vulnerabilities and controls.
✅ Unified Dashboard for Cyber Posture
One view for CISOs, IT, and compliance leaders—risk visibility, compliance gaps, and remediation status, all in one place.
The Results: From Reactive to Resilient in 90 Days
In just three months, the bank achieved measurable improvements across its cybersecurity and compliance ecosystem:
🔍 95% visibility into vulnerabilities across critical assets
📊 Integrated dashboards accessible to both compliance and security leadership
🕒 70% reduction in time spent preparing for RBI audits
🔗 Cross-framework compliance mapping, streamlining control assessments and eliminating redundant checks
“SynVM gave us control and clarity. We now manage vulnerabilities, risks, and compliance in one place—with RBI audit confidence baked in.”
— CISO, A Leading Private Bank
What’s Next: Continuous Cyber Resilience, Not Just Annual Audits
Following this success, the bank is expanding SynVM usage across:
- Third-party/vendor risk assessments
- Business continuity planning and DR audits
- Automated policy enforcement and control attestations
With SynVM, they’ve moved from point-in-time patching to continuous vulnerability management, aligned with both regulatory expectations and global standards.
Is Your Vulnerability Management Strategy RBI-Ready?
If your security or compliance teams are still relying on siloed tools, spreadsheets, or reactive audits—SynVM can help you unify and automate your VM strategy, backed by regulatory alignment.