What is TVRA Certification?
TVRA (Threat and Vulnerability Risk Assessment) is a set of requirements issued by the Monetary Authority of Singapore (MAS) for all Singapore-based financial institutions with an overseas physical presence. TVRA forms part of the Technology Risk Management Guidelines, aiming to deepen the financial institutions’ technology risk management capabilities and be ready to handle IT security incidents and system failures. The MAS expects financial institutions to perform a TVRA on data centers in both Singapore and overseas, as long as the latter supports the financial institution’s Singapore operations. Threat, vulnerability, and risk assessment methodology. The Threat, Vulnerability, and Risk Assessment (TVRA) program helps you understand how Microsoft identifies and mitigates the impact of physical and environmental threats to Microsoft datacenters.17-Nov-2021
Benefits of TVRA Certification
Risk Reduction
Credibility
Efficiency & Productivity
Increases productivity
Cheap rate with best services
Increases productivity
Certified TVRA Certification Video
Who can be certified TVRA Certification?
Manufacturing Companies
Service Sector
Petroleum Industry
Electrical Industry
Piping Equipment
Gas Equipment
Machine Supply
Pipe Fitting
Document required for TVRA Certification
- System Manual
- System Procedure
- Policy
- Objectives
- Mission & Vision
- Standard Operating Procedure (SOP)
- Checklist
- Forms
- Formats
- Records
The extent of Documented Information differs as per:
- Organization’s size
- Activities performed by the organization
- Processes undertaken by the Organization
- Products and services offered by the organization
- The complexity of processes undertaken
- Competence of persons involved
Role of Shamkris and Process of TVRA Certification
Shamkris adopts a results-oriented approach to effective system implementation in the organization. A simple and practical method of system implementation helps organizations increase business efficiency and sustainability. Shamkris supports 100% documentation to obtain an accreditation body of success in addition to enhanced performance.
The implementation process is described below:
Day 1
GAP Analysis, Certification Body, Selection, Cost Estimates
• Finding the GAP between existing system related to TVRA requirements
• Selecting the appropriate certification Body
• Based on the scope of your business & certification Body you choose
Week 1
Developing Documents
• Management System Manual, Management System Procedures, Policy, Objectives, Forms etc.
• Review of Standard Operating Procedures (SOP)
Week 4
Implementing Management System
• TVRA Awareness training for the top management and staff
• Implementing a well-documented management system throughout the organization
Week 8
Internal Audit
MRM
CAPA
• Internal audits identifying nonconformities related to TVRA requirements
• Management Review Meetings
• Corrective and Preventive Action plan for nonconformities
Week 10
Certification Body
Audit
N-C Closing
• Shamkris acts on your behalf and assists you in the third-party audit
• Closing of any nonconformities identified by the certification body
Week 12
Certification Body
• TVRA certificates issued for 1 years
Year on Year
Yearly Compliance
• Support of Yearly documentation for audit
TVRA (Threat and Vulnerability Risk Assessment) is a set of requirements issued by the Monetary Authority of Singapore (MAS) for all Singapore-based financial institutions with overseas physical presences.
Threat, vulnerability, and risk assessment methodology. The Threat, Vulnerability, and Risk Assessment (TVRA) program helps you understand how Microsoft identifies and mitigates the impact of physical and environmental threats to Microsoft datacenters.17-Nov-2021
A Threat, Risk and Vulnerability Assessment (TRVA) considers the client’s need to protect people and assets, minimize exposure to crime and terrorism, breaches of security and overall business risk.