Sajjanar Urges Banks and Digital Platforms to Strengthen Cybersecurity Infrastructure
Hyderabad Police Commissioner V.C. Sajjanar has urged banks, financial institutions and digital service platforms to strengthen their cybersecurity infrastructure amid the growing complexity of cybercrime and emerging threats from artificial intelligence (AI)-assisted attacks.
Hyderabad Police Commissioner V.C. Sajjanar has urged banks, financial institutions and digital service platforms to strengthen their cybersecurity infrastructure amid the growing complexity of cybercrime and emerging threats from artificial intelligence (AI)-assisted attacks.
He stressed that organisations handling citizens’ financial transactions and sensitive personal information must regularly upgrade their security systems, operational processes and technical capabilities to counter sophisticated attacks by hacker syndicates. Banks, quick-commerce companies and mobility platforms must adopt stringent security measures across their entire digital ecosystem.
Sajjanar also cautioned that third-party applications, software modules and interconnected services handling confidential information should receive the same level of security protection as core applications. Even minor vulnerabilities in external systems could expose sensitive customer data to cybercriminals.
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He emphasised the need for comprehensive security audits, strict quality standards, robust safeguards and improved technical preparedness to prevent data breaches and financial fraud.
With citizens increasingly relying on digital platforms for banking, online shopping, food delivery and transportation, protecting personal information and financial assets has become a major responsibility for service providers.
A major cybersecurity incident occurred in July 2024, when a ransomware attack on banking technology service provider C-Edge Technologies disrupted payment services at nearly 300 cooperative and regional banks across India.
The National Payments Corporation of India (NPCI) temporarily isolated the affected service provider from its retail payments network to prevent the attack from spreading. The incident highlighted how vulnerabilities in third-party technology providers could disrupt multiple banking institutions simultaneously.
