Business EconomyPosted at: Jun 19 2024 7:33PM


CERT-In, Mastercard join hands to fight Cyber frauds in financial sector

New Delhi, Jun 19 (UNI) With a view to stop the menace of cyber frauds, Government agency Indian Computer Emergency Response Team (CERT-In) under the aegis of Ministry of Electronics and Information Technology, has joined hands with Mastercard to promote cooperation and information sharing in the area of Cyber security related to the financial sector.
The two entities have signed a MoU under which they will leverage their shared expertise with regards to financial sector in the fields of cybersecurity incident response, capacity building, sharing cyber threat intelligence specific to financial sector and advanced malware analysis, Ministry of Electronics & IT said in a statement on Wednesday.
As part of the mutual understanding, Mastercard and CERT-In will hold training programs and workshops for cyber capacity building, latest market trends and best practices to enhance cyber security of financial sector organizations.
The two entities will also share relevant cyber threat trends, technical information, threat intelligence, and vulnerability reports to strengthen the financial sector information security of India.
“Cybersecurity is the need of the hour and the government is committed to ensuring that people on digital platforms are secure, as this warfare is not on the ground but in cyberspace. I am confident that this is an important milestone that will benefit not only both entities but also the public at large,” Jitin Prasada, Minister of State in the Ministry of Commerce & lndustry; and Electronics and Information Technology, said.
“Mastercard’s comprehensive approach to security gives its partners and customers deeper visibility into cyber risk and greater adaptability and resilience, protecting their systems through the latest AI technology. The company is delighted to collaborate with CERT-In to fortify India’s financial digital ecosystem, which has powered unprecedented growth in the country,” said Gautam Aggarwal, Division President, South Asia at Mastercard.
CERT-In operates 24x7 incident response Help Desk for providing timely response to reported cyber security incidents. CERT-In provides Incident Prevention and Response services as well as Security Quality Management Services.
UNI SKB GNK
Please log in to get detailed story.
Tags: #CERT-In# Mastercard join hands to fight Cyber frauds in financial sector
More News
Tata Motors launches all-new Altroz

Tata Motors launches all-new Altroz

22 May 2025 | 6:13 PM

Mumbai, May 22 (UNI) Targeting the middle-class consumers, leading automobile maker Tata Motors on Thursday launched the all-new Altroz at a starting price of Rs 6.89 lakh.

see more..

Juno Joule Green Energy Signs MoU with Select Energy GmbH at World Hydrogen Summit 2025

22 May 2025 | 5:27 PM

Vijayawada, May 22 (UNI) Juno Joule Green Energy Limited, a fast-growing Indian leader in renewable energy solutions, announced the signing of a landmark Memorandum of Understanding (MoU) with Select Energy GmbH, a renowned German clean energy firm, at the prestigious World Hydrogen Summit 2025 on May 21 in Rotterdam, Netherlands.

see more..

Rupee depreciates by 39 paise to end at 1-mn-low of 86 07 against USD

22 May 2025 | 5:25 PM

Mumbai, May 22 (UNI) Extending losses for the third straight session on Thursday, the rupee dropped by 39 paise to close negative at 86.07 against US Dollar, a one-month-low, on brisk demand for the greenback from foreign bankers and importers, dealers at the Forex Market said.

see more..

Rupee closes at 86 07, down by 39 paise against USD

22 May 2025 | 5:05 PM

UNI NV.

see more..

MSME Commercial Credit Portfolio grew 13 percent YoY

22 May 2025 | 4:36 PM

Kolkata, May 22 (UNI) The commercial credit portfolio for India’s Micro, Small and Medium Enterprises (MSME) sector grew at 13 percent year-over-year (YoY) as the overall credit exposure increased to Rs 35.2 lakh crore as of March 31, 2025.

see more..