New Delhi, June 07 : Under the presidency of India, the G20 International Conference on “Cyber Security Exercise for the Banking Sector” took place in Mumbai. The conference, jointly conducted by the Reserve Bank of India (RBI), the Indian Computer Emergency Response Team (CERT-In), and the Ministry of Electronics and Information Technology (MeitY), commenced with keynote addresses from RBI Deputy Governor MK Jain and CERT-In Director General Sanjay Bahl.
In his address, the RBI Deputy Governor highlighted the increasing importance of managing cyber risks for maintaining financial stability and stressed the need for global collaboration in strengthening cybersecurity. He outlined six specific strategies for the global community to consider. The CERT-In Director General underscored three global challenges in countering cyber-attacks and emphasized the necessity of collaborative efforts. He also emphasized the potential of cyber drills and exercises in building relationships and enhancing preparedness.
The event included Strategic and Operational Cyber Exercises and Drills, allowing participants to discuss the evolving cybersecurity challenges faced by banks worldwide. A panel discussion on transnational cyber security challenges in the banking sector was also conducted. Over 200 participants from organizations such as RBI, MeitY, IMF, BIS, central banks, G20 Member Countries’ Computer Emergency Response Teams, MDs and CEOs of select commercial and urban cooperative banks, as well as Chief Information Security Officers (CISOs) and Chief Technology Officers (CTOs) of Indian and foreign banks, attended the conference.
