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ADG Cyber UP Police Addresses NABARD’s First Cybersecurity Workshop in Lucknow
LUCKNOW: In conjunction with National Cyber Security Awareness Month (NCSAM), a global initiative that takes place every October and to underscore the crucial importance of maintaining a secure digital environment, the National Bank for Agriculture and Rural Development (NABARD) organised the first Cybersecurity Workshop on 14 October 2024 for 3 Regional Rural Banks (RRBs), UP State Cooperative Bank and 50 District Central Cooperative Banks (DCCBs) across the state.
The workshop was co-chaired by Shri Pankaj Kumar, CGM NABARD and Shri Binod Kumar Singh, IPS, ADG-Cybercrime, UP Police. A diverse group of professionals, including Prof. Triveni Singh, Ex IPS and Chief Mentor FCRF, Senior Bankers from RRBs and Cooperative Banks, IT experts and law enforcement officers, participated in the event to share insights and strategies for improving cybersecurity. The workshop was aimed to safeguard the digital landscape for the rural financial institutions promote robust data security measures for the financial institutions.
Shri Binod Kumar Singh, IPS, ADG-Cybercrime, UP Police, Shri Pankaj Kumar, CGM NABARD, Prof Triveni Singh, Ex IPS and Chief Mentor FCRF, Shri BK Singh, GM, NABARD
In his opening remarks, ADG Binod Kumar Singh highlighted the growing cyber risks facing financial institutions and emphasized that cybersecurity has evolved beyond technical requirements into a core component of trust in today’s banking systems. Highlighting the Government’s commitment to proactively fight and prevent cybercrimes, he informed the audience that all 75 districts of UP now have separate Cyber Police stations looking after the complaint from individuals and Institutions on cybercrimes. He also emphasised the importance of the ‘golden hour’ in cybersecurity and the ned of the financial institutions and the victims to expeditiously detect and respond to cyber threats within an hour.
Concerns over the growing number of cyber incidences in Banks was emphasised during the workshop and the relevance on the need for KYC/Re-KYC compliance as a preventive measure to safeguard the depositors’ money was stressed upon. The banks were also urged to adhere strictly to the RBI and NABARD regulatory guidelines on Cybersecurity of Banks. The banks were exhorted to integrating cyber crisis management into organisational planning, akin to disaster management frameworks.
The workshop featured a series of sessions addressing various key areas such as Cyber Threat Intelligence, Incident Response, Data Protection, Privacy, Cyber Hygiene Practices etc. and discussed the necessary precautions which can be undertaken by the Banks.