India's finance ministry has advised state-run banks to bolster their IT systems following a warning from security agencies about the risk of cyber attacks. It includes hiring software professionals to review and upgrade their systems where necessary, improving network and database security, and protection of customer data. The government said it was also considering setting up an independent body that would be responsible for monitoring cybercrime in India.
India's finance ministry has advised state-run banks to bolster their IT systems following a warning from security agencies about the risk of cyber attacks. It includes hiring software professionals to review and upgrade their systems where necessary, improving network and database security, and protection of customer data. The Reserve Bank of India has recommended that banks have a crisis-management plan in place to tackle the growing threat of cyber attacks that could potentially cripple India's banking system.