Designing cybersecurity for the financial sector4 min read . Updated: 22 May 2017, 04:37 AM IST
There is no dearth of regulatory intervention at present to secure India's financial ecosystem, and more of the same need not necessarily lead to better outcomes
The most recent ransomware attacks, currently estimated to have locked up more than 100,000 computers across 100 countries, yet again highlights the very real peril of cyber-threats in the virtual world. The Mirai botnet’s distributed denial of service attacks last year, soon followed by BrickerBot’s permanent incapacitation of several devices forming part of the Internet of Things, exposed the vulnerabilities of a world where everything from room heaters to wearable fitness trackers is connected. Attacks of this kind have proved themselves capable of even imperilling national security, economic stability and public health.