With the rapid digitization of India's banking sector, cyberthreats targeting financial institutions have surged, posing a significant risk to the country's economic stability and national security. State-sponsored cyberattacks, AI-driven fraud, phishing and ransomware campaigns are increasingly targeting core banking systems, real-time payment platforms such as UPI, NEFT, RTGS and digital lending ecosystems. The Government of India, RBI, CERT-In and NCIIPC have emphasized cyber resilience, regulatory compliance and data protection as key pillars to secure the financial sector. With the Digital Personal Data Protection (DPDP) Act and evolving RBI cybersecurity mandates, the financial institutions are compelled to strengthen their digital identity systems and enhance real-time threat intelligence. 

This session, led by Deepak Kumar, director, Institute for Development and Research in Banking Technology, will cover:

• Risks arising from the new digital innovations; 
• Implications of the DPDP Act, changing regulations and policy on cybersecurity;
• Bridging the skills gap for a secure digital banking.