RPAA Independent Cybersecurity Assessment (Regulator-Ready)

An independent, scope-defined cybersecurity assessment designed to produce regulator-ready evidence for Canadian Payment Service Providers (PSPs) subject to Bank of Canada supervision under the RPAA.

Defined scope & exclusions Evidence-backed findings Regulator-ready reporting
Request a scoping call What you receive
Principal Consultant

Built for supervisory scrutiny

Most PSPs can obtain technical testing. Fewer can produce an independent assessment record that is disciplined in scope, explicit in exclusions, and defensible in how findings are evidenced and validated.

  • Not “pentesting as a PDF.” This is structured assessment evidence designed for regulatory and partner consumption.
  • Predictable process. Clear timeline, clear communications, and repeatable documentation.
  • Principal-led delivery. Led by a consultant with 17+ years in security and IAM across banking/fintech and regulated environments.

Who it’s for

  • Canadian PSPs pre- or post-registration under RPAA
  • Cloud-native, API-driven fintechs (10–150 employees)
  • Organizations preparing for supervisory review, partner due diligence, or investor scrutiny
  • Teams without a mature internal security function that need defensible external validation

What you receive

Every engagement is defined in writing before testing begins. Deliverables are designed to stand up to regulatory and third-party review.

Scoped independent assessment

Defined scope, boundaries, and explicit exclusions — documented before the testing window.

  • External attack surface review
  • Web application & API testing
  • Cloud configuration review (AWS / GCP / Azure — scoped)
  • IAM privilege & escalation path review
  • High-risk configuration exposure testing

Rules of Engagement (RoE) are clearly documented to protect production and business operations.

Regulator-ready report

Structured for supervisory consumption and partner due diligence.

  • Executive summary (risk posture overview)
  • Scope definition (assets, exclusions, dates)
  • Methodology summary (OSSTMM-informed structure + OWASP alignment)
  • Findings with evidence (proof where applicable)
  • Risk context & impact narrative (payments environment)
  • Transparent severity rubric
  • Limitations & explicit exclusions
  • Remediation recommendations & retest criteria

Remediation validation (re-test window)

Within 60–90 days, confirm remediation and provide a validation memo suitable for third-party review.

  • Re-verify fixed findings
  • Issue a validation memo with pass/fail criteria
  • Document any residual risk and recommended follow-up

Executive / board readout (optional, recommended)

30–60 minutes focused on risk narrative, exposure summary, and a practical remediation roadmap — designed for decision-makers.


What is not included

Clear boundaries protect credibility and keep the assessment defensible.

  • Legal advice or regulatory interpretation
  • SOC 2 attestation or audit sign-off
  • Ongoing monitoring / managed detection
  • Full red team simulation
  • Infrastructure rebuild or long-term engineering services

Common outcomes

  • Clear evidence trail for supervisory review and partner due diligence
  • Prioritized remediation plan aligned to risk and effort
  • Reduced likelihood of preventable control failures and misconfiguration exposure
  • Validation memo confirming remediation within the retest window

Timeline & engagement process

Regulators value predictability. Typical engagement cycle is 4–6 weeks from scoping to final report.

Week 0: Scoping & RoE

Confirm objectives, in-scope assets, exclusions, communications, and test windows.

Weeks 1–2: Testing window

Hands-on assessment with evidence capture and optional check-ins for early fixes.

Week 3: Draft report

Draft delivered for factual validation (scope confirmation, asset accuracy).

Week 4: Final delivery

Final report delivery and optional executive readout.

+60–90 days: Re-test window

Validate remediation and provide a concise validation memo with pass/fail criteria.