A major cyber incident in these IT service providers may in turn impact multiple regulated entities simultaneously, causing a cyberattack on a system-wide level. “In the recent past, multiple incidents involving payment and settlement systems have led to significant disruptions in interbank transactions and payment failures,” the report stated.
Related Posts
Karnataka IT Minister Kharge launches cybersecurity awareness programme
Unveiling the ‘Digital Nagarik’ and AR-VR skills programme, he said the Karnataka government recognised the urgent need to address cybersecurity…
India, UK agree to deepen cooperation between cyber agencies
Amit A Shukla, Joint Secretary, Cyber Diplomacy Division, Ministry of External Affairs of India (MEA) and Kat Jones, Head of…
Clearview AI fined by Dutch agency for facial recognition database
“Facial recognition is a highly intrusive technology, that you cannot simply unleash on anyone in the world,” DPA Chairman Aleid…