Currently, India is at digital war! The country requires cyber-security ‘commandos’ to nab potential hackers who can target the country’s numerous cyber assets.
A case in point would be the security breach of more than 3.2 million debit cards of a few banks due to hacking and a hacker group claiming responsibility for the recent hacks of the digital interface of prominent Indians. As the government makes moves towards a cashless economy, mitigating cyber-security risks has emerged as a major challenge that follows demonetisation, given customers’ dependence on digital money.
For battling this crisis, Council’s lead partner Cisco has signed a memorandum of understanding with the Ministry of Electronics and IT (MeitY) for cyber security cooperation.
Here, Cisco and the Indian Computer Emergency Response Team (CERT-In) will establish a threat intelligence sharing programme wherein officials from Cisco and CERT-In will work together to address cyber-security threats and incidents, identify and shape emerging security market trends, share leading practices, and learn a few new approaches to enhance cyber-security.
Cisco, as a part of the Memorandum of Understanding (MoU), will open a new Security Operations Centre (SOC) in Pune which will provide services ranging from monitoring and management to comprehensive threat solutions and hosted security that can be customised. It will be linked to other Cisco SOCs across the world.
Cisco, which recognises that cyber-security is critical to India's drive to digitise its economy, has more to offer. Its global Security & Trust Organization (S&TO) and Cisco India have announced the formation of Cisco S&TO-India that will help the government shape the national cyber-security strategy and initiatives. This is the third STO for Cisco, after France and Germany.
Cisco’s “Active Threat Analytics” provides round-the-clock monitoring and advanced analytics capabilities combined with industry-leading threat intelligence and expert investigators to rapidly detect advanced threats.