India Sees Large Rise In Cyber Crime in 2016: ASSOCHAM-PwC Study

by January 19, 2017 0 comments

Dr. Ajeet Bajpai, Director General, National Critical Information Infrastructure Protection Centre, NTRO said that post demonetisation banking and financial sector has become the most critical. He also said that earlier (cyber) threats were of nuisance value, now they are disruptive and may become destructive.

While addressing the workshop organised by ASSOCHAM, Dr. Ajeet Bajpai said ‘why should a banking app want to access your camera and audio of your phone?’ He further said that the biometric solutions may actually be more compromising.  Dr. Bajpai said, ‘we need to create transactional literacy’.

More intelligent transaction monitoring will have to be carried out as part of continuous surveillance. Crisis response and recovery strategies will have to step up along with the increased digital footprint. Security awareness of all the stakeholders will be a vital pillar of a secure cashless society, adds the study.

Security assessment and testing will need to be embedded into the agile development life cycle. Agile security testing methods based on automation will have to be adopted. In many ways driving, a paradigm shift is needed in the way security testing is undertaken today.

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