OP-ED: Are our information systems secure?

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Why we need to step up our cyber-security game
Happy to see that our central bank, in view of cyber breaches in a few other countries and of previous experience, has cautioned all our banks to apply vigilance against cyber threats and possible fallout effects. However, we are still concerned for banks not taking adequate measures to tackle cyber failures and hacking. That too, after the central bank reserve heist and recent ATM/debit card frauds in a few large commercial banks. A rights issue In today’s world, information systems and network security have become a rights issue. Understanding the essential need of security, all developed countries have taken steps to address the problem. On the other hand, developing countries are far from being able to guarantee this right. Threats to the information society were emerging on the content level as well as on the network, endpoint, and physical levels. Information security could, however, not be achieved by technology alone. In order to respond to network threats and create a secure information society, both comprehensive prevention measures and enforcement measures are necessary in people, process, and technology dimensions. The revolutionary development in the field of ICT has opened up …

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