Government cyber security expert ‘warns’ banks on challenges of technology adoption

The banking system needs to prepare itself to address the risks and challenges arising from cyber security and the disruptions being thrown up by technology adoptions, a top government official said.
Banks also need to strengthen their software as they are the most vulnerable to cyber attacks, the official added.
“We need to get prepared ourselves to address the challenges of security, the challenges of risks and the challenges of disruption which technology would present,” Gulshan Rai, national cyber security coordinator at the National Security Council Secretariat in the PMO, said Wednesday while addressing a banking technology summit organised by the IBA through a video link from Delhi.