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Published Paper Details:
Enhancing Cybersecurity Resilience in Indian Banking: Challenges and Strategies
Authors
Dr. Pawan Kumar Maurya
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Keywords
Cyber Security, Indian Banking, Challenges & Strategies, Resilience
Abstract
The banking industry in India, crucial to the country's economic growth and stability, is experiencing a radical digital revolution, ushering in a new era of customer-friendly service. However, several new cybersecurity challenges have emerged as a result of this shift. This study digs into the core areas of cybersecurity in Indian banking, with a primary focus on identifying the primary difficulties, evaluating the solutions in place, and providing recommendations to strengthen the cybersecurity resilience of the sector. In the context of Indian banking, the importance of cybersecurity cannot be emphasized. Beyond just keeping money safe, it also ensures that personal information is kept private. Cybercriminals are drawn to the industry because of the volume of valuable financial data it stores. There is a great deal riding on customers' ability to trust digital transactions while using financial services. The study aims to shed light on the most pressing issues in banking sector cybersecurity in India. Constant attention is required due to the ever-changing nature of cyber threats. Indian banks have taken a number of proactive measures in response to these threats. The article finishes with some suggestions for strengthening Indian financial institutions' resistance to cyberattacks. The suggestions include doing things like updating old systems, creating a mindset that values cybersecurity, using strong encryption for data, joining joint efforts, and educating the public. The study highlights the essential role of Indian banks in maintaining financial assets, consumer trust, and data integrity. Increasing cybersecurity resilience is an ongoing process that calls for constant teamwork, attention, and dedication to safety in this digital age marked by a constantly shifting cyber threat scenario.
IJCRT's Publication Details
Unique Identification Number - IJCRT2311125
Paper ID - 246031
Author type - Indian Author
Page Number(s) - b54-b58
Pubished in - Volume 11 | Issue 11 | November 2023
DOI (Digital Object Identifier) -
No Of Downloads - 142
Author Country - India, 226002, Lucknow, Lucknow, 226002, Commerce and Management, MBA All Branch
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
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Dr. Pawan Kumar Maurya, "Enhancing Cybersecurity Resilience in Indian Banking: Challenges and Strategies", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.11, Issue 11, pp.b54-b58, November 2023, Available at :http://www.ijcrt.org/papers/IJCRT2311125.pdf
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