How secure is the IT infrastructure? As the country steps ahead to digitization post demonetization..
As India is moving towards digitization, the biggest question which arises is about the security of IT infrastructure.
After the demonetization the government is promoting to go cashless and accept the digitization. There are more than 3 million debit cards of some banks are been breached due to hacking. Banks and other financial institutions are also on the cyber risk with the surge of digitization –says Manan Shah CEO and Co-founder, Avalance Global Solutions.
Manan further adds –ATM’s are also not safe as most of the ATM’s are still running on Windows XP. Microsoft has stopped supporting the older version of windows and there are no security updates and patches for the older version of Windows. ATM’s had a deadline to update which was April 2014; however the bank and financial organization have still failed to update all the ATM’s.
In relevance of digitization the hacker’s legion says that the Indian banking system is deeply flawed. As people are becoming dependent on digital wallets and online transactions post the demonetization, mitigating cyber security risk has become the top priority.
Our government is aiming towards cashless economy, Union Minister of Electronics and IT Ravi Shankar Prasad has ordered a review of India’s entire IT and banking Infrastructure.
Avalance Global Solutions, also runs a service called AIRT (Avalance Incident Response Team) which helps organizations to recover from cyber attack by patching the weaknesses and flaws in hours.