India launches first Digital Threat Report 2024 to support cybersecurity in the Banking, Financial Services and Insurance (BFSI) sector
At launch of Digital Threat Report 2024, MeitY Secretary S. Krishnan emphasizes need for unified cybersecurity framework to protect India’s financial backbone
Report Identifies Sector-wide security gaps and emerging cyber risks, empowering BFSI institutions to strengthen defenses
Report is meant to empower financial institutions to stay ahead of adversaries, adapt to emerging risks and build long-term cyber resilience: Dr. Sanjay Bahl, DG, CERT-In
Posted On: 07 APR 2025 5:27PM by PIB Delhi
In a landmark initiative to strengthen cybersecurity resilience in the Banking, Financial Services, and Insurance (BFSI) sector, CERT-In (MeitY), CSIRT-Fin and SISA, a global Cybersecurity company, collaborated to launch the Digital Threat Report 2024 for the BFSI sector, a comprehensive analysis of current and emerging cyber threats and defense strategies.
At launch of Digital Threat Report 2024, MeitY Secretary S. Krishnan emphasizes need for unified cybersecurity framework to protect India’s financial backbone
Report Identifies Sector-wide security gaps and emerging cyber risks, empowering BFSI institutions to strengthen defenses
Report is meant to empower financial institutions to stay ahead of adversaries, adapt to emerging risks and build long-term cyber resilience: Dr. Sanjay Bahl, DG, CERT-In
Posted On: 07 APR 2025 5:27PM by PIB Delhi
In a landmark initiative to strengthen cybersecurity resilience in the Banking, Financial Services, and Insurance (BFSI) sector, CERT-In (MeitY), CSIRT-Fin and SISA, a global Cybersecurity company, collaborated to launch the Digital Threat Report 2024 for the BFSI sector, a comprehensive analysis of current and emerging cyber threats and defense strategies.
Digital Threat Report 2024 offers multi-dimensional cyber insights
Dr. Sanjay Bahl, Director General, Indian Computer Emergency Response Team (CERT-In), Ministry of Electronics and IT, Government of India on the occasion said,
Cybersecurity is not just about protecting individual entities – it’s about securing an entire ecosystem.
“In today’s hyper-connected world, threats evolve faster than ever, making collaborative intelligence-sharing essential. This report is meant to empower financial institutions to stay ahead of adversaries, adapt to emerging risks, and build long-term cyber resilience. Initiatives like these reinforce India’s commitment to setting global benchmarks in financial cybersecurity, ensuring that as digital transactions grow, they remain secure, trusted, and resilient against future threats.”
The report integrates real-world cyber intelligence from SISA’s forensic investigations, CERT-In’s cybersecurity oversight, and CSIRT-Fin’s financial sector incident response expertise, offering a multi-dimensional perspective on emerging threats. By identifying key attack vectors, evolving adversarial tactics, and persistent security gaps, the report not only outlines current challenges but also provides practical, actionable recommendations to help financial organizations implement preventive and detective security measures across people, process, and technology.
Commenting on the significance of the report, Dharshan Shanthamurthy, Founder & CEO of SISA, remarked:
Cybersecurity resilience is built on collaboration.
“By integrating real-world threat intelligence, national cybersecurity insights, and financial sector incident response, this report delivers actionable intelligence that enables financial institutions to stay ahead of evolving threats. Our commitment extends beyond insights—we aim to fortify resilience in India’s BFSI sector and globally, driving a future where digital transactions are secure, seamless, and uncompromisingly protected.”
The 2024 Digital Threat Report for BFSI is a call to action for financial institutions, regulators, and security professionals to adopt a proactive stance against cyber threats. As the sector faces growing challenges from AI-driven attacks, sophisticated fraud tactics, and compliance complexities, this report serves as a strategic guide to navigating the evolving cybersecurity landscape.
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India launches first Digital Threat Report 2024 to support cybersecurity in the Banking, Financial Services and Insurance (BFSI) sector, source
