Page 64 - ASR_Forewords

Foreword
the intersection of academia and industry. It
brought the technology developments closer to
banking community through international
conferences, publications, forum meetings,
training programmes and consultancy. Six
centers have been set up over the past few years
to do research in areas of relevance to banking
like analytics, cyber security, cloud computing,
payment systems, mobile banking and
affordable technology. There are efforts on to set
up two more innovative centers in the form of
FinTech Exchange and 5G Use Case Lab.
Along with these rapid technological
developments, grew the cyber threats. As banks
have been building systems to provide services
to customers any time, fraudsters have been
developing tools and techniques to attack the
banks from anywhere. Cyber security has
become the most important item on the agenda
of the regulator, banks, service providers,
academic institutions and naturally of the
IDRBT.
Cyber security related activities of the Institute
have been growing multifold during the recent
past. In addition to conducting specific
programmes on security, the Institute has been
coordinating the banks CISOs' Forum, which
meets periodically to discuss the cyber security
Place: Hyderabad
Date: January 01, 20 20
Fast Forward January 2020 02
related issues concerning banking community.
The Institute also helps banks by conducting
cyber drills to help them assess the cyber
security preparedness and identify gaps in their
armour for fixing them. IDRBT also manages
the cyber threat information sharing platform
for banks – IB-CART. Keeping in line with the
seriousness of the topic, the international
conference hosted by the Institute during 2019
is also on Information System Security.
In addition to all these, the Institute has been
working on a mission mode during the past year
and quarter to increase cyber security
awareness at senior and top level management
of banks by conducting special certification
programmes for board directors and senior
management of banks. There have been so far
59 programmes covering 1946 officials. This
mission mode activity of the Institute, I am sure,
will prepare the banking sector to be ready to
manage cyber risks more comprehensively and
competently. Better the cyber security
preparedness, greater the confidence in
technology leading to faster pace of technology
innovation and adoption by banks.
Happy New Year 2020! Now is the time to look
beyond 2020!!
(Dr. A. S. Ramasastri)