Excelsior Correspondent
SRINAGAR, June 13: The 45th Chief Information Security Officer (CISO) Forum meeting organised by Hyderabad-based Institute for Development and Research in Banking Technology (IDRBT) was commenced here today.
Motive behind organising the meeting was to facilitate exchange of knowledge between information-security leaders and strengthening of digital defenses within the banking industry.
Director (IDRBT) Dr Deepak Kumar was the Chief Guest during the meeting, that was chaired by the Bank’s MD & CEO (J&K Bank) Baldev Prakash in presence of Bank’s Executive Director Sudhir Gupta, General Manager, CSITE – DoS (RBI) A G Giridharan, CISOs from various banks of the country, domain experts from IDRBT besides General Managers, DGMs and other senior officers of the J&K Bank.
Speaking on the occasion, MD & CEO Baldev Prakash highlighted the growing and vital role of CISOs in navigating the cyber challenges that are getting more coordinated and sophisticated with every passing day.
He said, “As we gather here today, we are reminded of the immense responsibility that rests on our shoulders. The banking sector, being the backbone of the economy, is a prime target for cyber threats. While the rapid advancement of technology has brought about unprecedented convenience and efficiency in banking services, but it has also introduced a number of new vulnerabilities and risks. Cyber security has, therefore, become a paramount concern for all of us.”
Chief Guest Dr Deepak Kumar said, “The role of Chief Information Security Officer (CISO) in banks formally started in 1994 when Citicorp suffered cyber security attack from hackers and Steve Katz was appointed as the first CISO. And it was after the advent of internet the role of information security at banks extended to threats coming from outside i.e. cyberspace, which has no boundaries.”
He also shared his ideas on improving the conduct and frequency of forum meetings and the expectations thereof. He also encouraged the participants to use the analyses of the past cyber-attacks for predicting the next probable attack.
During the next two days, the participants will deliberate and share their views and experiences on the wide range contemporary topics ranging from Challenges in procuring correct security solution.
The participants included Bank of Baroda, AU Small Finance Bank, HSBC, Societe Generale, Deutsche Bank Ag, Punjab National Bank, Bank of Maharashtra, India Post Payments Bank, Credit Suisse AG, RBL Bank, IDRBT, Export-Import Bank of India, MCX, BNP Paribas, Bank of India, ICICI, Jio Payments, UCO Bank, City Bank, State Bank of India, IDFC First Bank, Yes Bank, DBS Bank India Ltd., Bank of America, Punjab & Sind Bank, SIDBI, MCX, Credit Agricole Corporate and Investment Bank, Indian Overseas Bank, RBI, Deep Algorithms, Union Bank of India, JP Morgan, IDBI, Central Bank of India, CSB and Axis Bank.
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