New Delhi: An expert group has proposed the setting up of an independent Computer Emergency Response Team for Finance (CERT-Fin) to be the cyber warrior of the financial sector. CERT-Fin will report to the Indian Computer Emergency Response Team (CERT-In), the agency tasked with coordinating efforts on cyber security issues, to ensure complementarity. “The preparedness of the financial sector to meet the cyber challenges from different threat vectors cannot be considered robust,” the expert group said. The panel also suggested that CERT-Fin should operate a 24x7 help desk, analyse cyber security incidents and give inputs for cyber security policy making. “Cyber attacks and malicious cyber activities in the financial sector have the potential of loss of money to the customer and/or the bank.

Source: Mint July 02, 2017 18:56 UTC