50 Cyber Attack Incidents Reported in Financial Sector

50 Cyber Attack Incidents Reported in Financial Sector

Overall 50 cases of cyber attacks impacting 19 of the financial organizations have been occurred till June, 2017, from 2016 the government claimed today to the media.

Hansraj Gangaram Ahir, the Union minister, was commenting back to a question from the media if there were any reports of cyber attacks on cashless and other banking network utilization in the present era of digitalization.On November 8, 2016, the government had declared demonetization of Rs 500 and Rs 1,000 notes.”According to the data by the Indian Computer Emergency Response Team (CERT-In), 50 cases impacting 19 of the financial organizations have been occurred till June, 2017 from November, 2016,” Ahir claimed to the media in a statement. He claimed further that the Reserve Bank of India grants guidelines for bankson cyber security.

The Minister of State for Home Affairs claimed that the Ministry of Electronics and Information Technology has made a devoted division of digital payment for defense of online payment.Up till now, cyber security mock drills comprising 148 companies from various industries, involving the finance segment, have been carried out to review the preparedness of cyber security of these companies, he further added to this statement while addressing to the media. “CERT-In has granted 21 advisories for security defense covering Micro ATMs, Point of Sale, online banking, electronic wallets, unified payment interface, smart phones, RuPay, unstructured supplementary service data, wireless access points/routers, SIM cards, cloud, mobile banking, Aadhaar Enabled Payment Systems, and others,” Ahir claimed to the media in an interview.

cyber-attack

An individual Research and Development capital for cyber security of Rs 1,000 Crore has been made, to be invested over a timeframe of 5 Years for improvementof the technological capacity, he further added to the media in an interview.In addition to this, the government has endorsed a central segment project dubbed as Cyber Crime Prevention for Women and Children (CCPWC) with an entire valued price of Rs 195.83 Crore to offer capacity building and infrastructure to address cyber attacks, the minister claimed to the media.

“The government is also cheering financial industry,institutions, and other important segments to allocate higher budgets in line with the global practices towards implementation and development of appropriate technologies. It is also making an effort in bringing forth best practices for safeguarding their communication and information technologies,” he further added to his statement while addressing the media.

Hiren Samani

Hiren Samani

Hiren is an energetic travel aficionado and a gizmo freak. He prefers to write when engaged in finding out how science works on every possible action or occurrences. Hiren is passionate about the work research he does and has succinct knowledge about the same, which makes him an efficient contributor of our team.

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