AI Has Great Potential To Study Patterns And Locate Unusual Events

AS AN INDUSTRY body, IDRBT has taken a series of initiatives to enhance the security posture of the ecosystem. Dr A S Ramasastri, Director, IDRBT, shares his perspective

As an industry body, what steps are being taken by IDRBT to create an ecosystem for enhancing the information security of the Indian financial sector especially given the increasing digital footprint of firms in this sector?

As you may be aware, IDRBT is an institute established by the central bank of the country, Reserve Bank of India, exclusively for research and development in the area of banking technology. Over years, the Institute has worked with RBI and banks in implementing infrastructure like The Indian Financial Network (INFINET) and Structured Financial Messaging System (SFMS) required for critical payment systems of the country like RTGS and NEFT. During the past few years, the focus of the Institute has been in building the necessary ecosystem to help banks in ensuring security of the IT systems. It is exactly for this reason that the Institute formed the Chief Information Security Officers (CISOs) Forum. The forum meets periodically to discuss security related issues. The meetings have been helping the banking security professionals in exchanging knowledge and intelligence. The Institute has also designed and deployed a platform in the form of IBCART for sharing the information regarding security threats.

Your views on CERT-Fin and how will it co-ordinate in keeping the financial sector at a heightened level of Information Security awareness at all times?