In light of the tensions, the Government of India has issued a high-level cybersecurity advisory to critical financial institutions. As per Moneycontrol reports, the advisory seeks to strengthen the digital defences of institutions like the Reserve Bank of India (RBI), major banks, and the National Payments Corporation of India (NPCI) to protect the nation's financial backbone. This comes at a time when India’s digital payments ecosystem is experiencing unprecedented growth, necessitating robust security frameworks to safeguard against potential cyber threats.
Financial institutions, including the RBI, major banks, NPCI, and other vital organisations, have been categorised as essential to the integrity and stability of India’s financial infrastructure.
NPCI, the operator of the Unified Payments Interface (UPI), and banks are central to India’s digital payment revolution, with the country processing around 17–18 billion mobile transactions monthly, amounting to approximately ₹24 lakh crore. The Centre has instructed these entities to reinforce cybersecurity across core banking systems, payment gateways, real-time gross settlement (RTGS) systems, and UPI platforms to mitigate risks from potential cyber intrusions.
This advisory follows heightened national security concerns stemming from recent tensions. As per Moneycontrol reports, the escalation has triggered precautionary measures across all critical sectors, particularly financial infrastructure.
The Indian Computer Emergency Response Team (CERT-In) and the RBI have jointly advised key financial entities to prepare for potential cyber threats under the current climate. CERT-In operates under the Ministry of Electronics and Information Technology and is responsible for monitoring and securing India's cyber landscape. Additionally, the National Critical Information Infrastructure Protection Centre (NCIIPC), operating under the National Technical Research Organisation (NTRO), is working to protect critical digital assets crucial to national security and economic continuity.
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As India navigates escalating regional hostilities, fortifying its financial cybersecurity is a strategic necessity. With the digital economy forming the backbone of the country’s financial operations, the proactive measures taken by the Finance Ministry, CERT-In, and RBI signify a robust commitment to safeguarding national interests in an increasingly volatile global landscape.
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Published on: May 9, 2025, 3:42 PM IST
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