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. Cyber attacks on information systems in critical sectors such as banking have been increasing steadily over the years. 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 government said it was also considering setting up an independent body that would be responsible for monitoring cybercrime in India.