Cybersecurity

Banks – Most Favoured Target for Cyber Attacks

Banks and financial institutions are the most favoured target for cyber criminals. Reports by various internet security firms show that the majority of the attacks happen on these clients and their end users.

A group of cyber experts in India has been working to make citizens’ banking transactions secure. The group, working for the Reserve Bank of India (RBI) – tech arm IDRBT, creates malware to attack the vulnerabilities in banks’ security networks. The attacks are done on dummy sites, not on the main sites, so as not to disrupt banking transactions. The feedback is shared with the banks in order to help them upgrade their security systems.