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Equipped to thwart cyber attacks: Banks, insurance firms to FM
Hindustan Times Noida
|May 10, 2025
Indian banks and insurance firms on Friday assured finance minister Nirmala Sitharaman that they are ready to thwart any cyber-attacks by Pakistani hackers, and fully equipped with systems such as anti-DDoS (distributed denial-of-service).
NEW DELHI:
"To guarantee institutional readiness, mock drills have been held encompassing cybersecurity and disaster recovery scenarios at the highest levels," they told her during a meeting on Friday. The financial institutions (FIs) are vigilant, actively watching phishing attempts, they said.
Sitharaman directed banks to continue providing seamless services to people even in remote areas in coordination with regulators and security agencies, if required. She also directed insurance companies to ensure timely claim settlements and uninterrupted customer service.
This story is from the May 10, 2025 edition of Hindustan Times Noida.
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