The College of Agricultural Banking, Pune, a premier training institute for Bankers in India an arm of the Reserve Bank of India conducted a two day workshop on IT Security. Attended by over 40 CISOs of different Banks, the two day event discussed various issues surrounding Information Security in Banking.
The program was inaugurated by the Principal of College of Agricultural Banking (CAB), Mrs Meena Hemachandra and Mr G.Gopalakrishna, ED of RBI addressed the gathering through a Video Conference and highlighted the measures required to be taken by Banks for complying with the Information Security guidelines recommended by the committee headed by him.
Mr Avinash Kadam of ISACA discussed the COBIT 5 framework for Information Security Management. Mr Patrick Kishore of IDRBT and Mr Kunal Pande of KPMG explained the issues surrounding measurement and evaluation of Information Security implementation.
Subsequently, Mr Sastry of IDRBT explained the various initiatives taken by IDRBT in promoting Mobile Banking and Mr Sanjay Shinde (DCP, Pune) sharing some of his experiences in handling Cyber Crimes in the Banking sector.
This was followed by a discussion on the Legal aspects of information security for Banks by Naavi which included some thoughts on the measures that Banks, RBI and the CISOs needs to take to mitigate Legal Risks. (A Copy of the presentation made on this occasion may be requested from Naavi)
On the second day, Mrs Radha Somashekar, of RBI explained the initiatives taken under Payments and Settlement Act including the initiatives for use of Aadhar as an authentication feature for some of the Banking requirements. This was followed by a presentation by Dr Gulshan Rai, of IN-CERT on the Cyber Threats that needs to be taken into consideration by the Bankers.
The workshop ended with four different groups of the participants making presenting their view on the issues confronting the Information Security implementation in the Banks including their suggestions to be considered by the RBI.
The program ended with a valedictory address from Dr H.Krsihnamurthy of IISc, Bangalore.
The two day program coordinated by Mr Sundar Murthy of CAB gave an excellent opportunity for the Bankers from all over India to understand the views of RBI on some of the key issues sorrounding safety of Banking.