Equipped to thwart cyber attacks: Banks, insurance firms to FM

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).

- Rajeev Jayaswal

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.