CyRAACS: Empowering Businesses with a Comprehensive Suite of Cyber-Security and Consulting Solutions

ICONIC BRAND OF THE YEAR 2024

CyRAACS

With technology becoming inevitable across every sector of the economy, cybersecurity has garnered the recognition it truly deserves. The rapid digitization of businesses should come nowhere in the vicinity of cyber threats. Nonetheless, businesses have become vulnerable to various cyber-attacks, such as ransomware, data breaches, and phishing scams. These threats can lead to significant financial losses, reputational damage, and legal liabilities. However, many businesses lack the expertise and resources to safeguard themselves from these threats, which is why the necessity of cybersecurity companies for extended support becomes imperative.
Amidst this digital landscape, CyRAACS has created a niche of excellence with its commendable suite of services curated under the expertise of seasoned professionals. In a conversation with the company’s veterans, Mr. Suresh Iyer (co-founder and CEO) and Mr. Murari Shanker (co-founder and CTO), we delved deeper into the company’s journey in the cybersecurity industry. These industry mavens have nearly three decades of experience in technology, information security, data privacy, risk management, and IT operations. We hope our readers will imbibe impactful lessons from their inspiring words and implement the same in their ambition-chase!

The Respectable Leaders at the Helm

Mr. Suresh Iyer has over 30 years of experience in the information technology, IT security, risk management, and privacy areas. He has served in CXO positions in many global organizations like Ocwen Financials, Altisource, Aditya Birla Minacs, eFunds, and Bank of America.

Whereas, Mr. Murari Shanker is a multi-disciplinary leader with 30 years of industry experience across global corporations such as Concentrix, Altisource, Convergys, Mphasis, IBM, etc. in fields like technology, data centers, information security, etc. He is a Certified Information Security Manager (CISM).

Question 1: To begin with, can you give us a brief introduction to the company?

Cyber Risk Advisory and Consulting Service (CyRAACS) is a leading cybersecurity consultancy, providing robust GRC solutions for businesses worldwide, ensuring compliance and risk management excellence, and providing sustainable cybersecurity solutions to organizations. The company works to tailor and integrate its solutions seamlessly so that clients can focus on their core business completely.

CyRAACS offers audit services such as global compliance (ISO 27001, SOC 2, PCI DSS, NIST-CSF, IEC62443/ISA99, SWIFT customs security controls), regulatory compliance (SEBI, RBI), and regional compliance (SAMA, NESA/SIA, DFSA, GDPR, and ISR).

Question 2: What was the pivotal driving force that led to the establishment of the company?

 

2017: Incorporation

  • Incorporated and 1st engagement signed with a Telecom Data Monetization Company

2018: Strong Growth and Rapid Client Acquisition

2019: Accelerated Growth, complemented by Accreditation

  • Empanelled with CERT-In (Computer Emergency Response Team—India)
  • Empanelment with leading banks

2020: Client Acquisitions, Enhanced Services Capability

  • Acquisition of Clients in the Government and PSU Space
  • Re-empanelment with CERT-In till October 2023

2021: Rapid Expansion in Service Delivery and Team Strength

  • We signed our first multi-year deal for managed security services.
  • Honored under ‘20 Most Trusted Cyber Security Companies in India’
  • The team grows rapidly with 50+ consultants.

2022: Establishing Leadership in Cyber Security Consulting

  • Recognized as the ‘No. 1 Cybersecurity Company for SMBs and Start-ups in India’
  • The highest number of new clients onboarded in a financial year
  • We reaffirmed our leadership in the banking and fintech spaces.
  • Debt-free and profitable by February 2022

2023: Geo-Expansion and Sustainability

  • Moved into a new office space in Bengaluru, the new headquarters for CyRAACS.
  • Launched offices in Mumbai and Chennai
  • Established the entity for the Middle East region.
  • Became a 150-member, strong team
  • Sustainable financial growth

Question 3: How has the company managed to establish a reliable and trustworthy image in the market despite the competitive nature of the industry?

CyRAACS meets customer expectations by being agile for SMEs and focusing on quality and timelines for enterprises. The company’s ethos of delivering empathy, excellence, and continuous learning to clients, perhaps creating a client-centric approach, ensures tailored solutions. The company has seen increasing demand for its managed services under its CISO services program. Since its inception, CyRAACS has achieved leadership status, catering to diverse client portfolios with robust cybersecurity solutions.

Question 4: What strategies is CyRAACS implementing to secure the trust of its clients?

CyRAACS works as an extended arm for their clients, managing their information security objectives and enhancing their security posture. CyRAACS helps its clients move from a “reactive” to a “proactive” posture in organizations with a consultative approach and deep industry sector experience. CyRAACS accomplishes this through collaboration, commitment, innovation, and passion.

The company has a team of over 100+ consultants working to deliver large-scale security programs, insights, and best practices specific to industry verticals. They have delivered over 1000 complex projects across the globe and industry verticals, built security programs from scratch, conducted technical assessments such as red team assessments and cyber security drills, benchmarked program maturity through maturity model assessments, and conducted audits for regulatory and contractual compliance.

Question 5: What’s the first thing that enters a consumer’s mind when they see your brand?

CyRAACS stands out in the market as it is CERT-In Empanelled, demonstrating its credibility and expertise in the cybersecurity domain. Secondly, CyRAACS boasts an experienced and flexible team of experts with diverse certifications, including CISSP, CISA, CISM, CEH, ISO 27001 LA, OSCP, and more, totalling over 150 years of collective experience. The company’s tailor-made sustainable solutions and proactive approach ensure quick turnaround times, adapting to the latest technologies in the ever-evolving landscape. With a track record of serving 750+ clients in just six years, numerous awards and recognitions, and a bootstrap approach yielding profitability, CyRAACS is a leading provider of high-quality consulting services with rapid growth. The firm’s core team’s expertise forms the foundation for delivering exceptional, best-in-class solutions to clients, catering to various industries, from tech companies like Cloud Simpl to major retailers like TATA Croma and fintech giants like M2P.

Question 6: What targets and plans are to be achieved in the coming years?

The vision of CyRAACS is to revolutionize the cybersecurity industry with its cutting-edge, next-generation platform, COMPASS, that empowers organizations to protect their systems and data against evolving cyber threats.

  • COMPASS by CyRAACS is a niche, lightweight cyber security platform that has been designed to help organizations address their cyber security needs on one platform. It is designed by cyber security practitioners and experts with a collective experience of over 100 years.
  • COMPASS supports over 30 global standards and regulations for cyber security and offers customizable frameworks and reporting capabilities. It acts as a single repository to track your compliance needs and helps you be audit-ready.

Question 7: Please highlight the significant milestones that the company has achieved since its inception.

CyRAACS has won numerous awards since its incorporation, including being awarded ‘Best Cyber Security Consulting Company of the Year’ in 2019, recognized as one of the ‘20 Most Trusted Cybersecurity Companies in India’ by The Global Hues in 2021, and ‘No. 1 Cyber Security Company for SMBs and Startups in India’ by Inventiva in 2022.

 

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