The Reserve Bank of India set up an Inter-disciplinary Standing Committee on Cyber Security on Tuesday. The formation of a cyber security committee was proposed in the last monetary policy review outing of the central bank.
The Reserve Bank of India set up an Inter-disciplinary Standing Committee on Cyber Security on Tuesday. The formation of a cyber security committee was proposed in the last monetary policy review outing of the central bank.
The 11-member inter-disciplinary committee on cyber security would review the threats inherent in the existing/ emerging technology, study adoption of various security standards/ protocols, interface with stakeholders, and suggest appropriate policy interventions to strengthen cyber security and resilience.
The committee has been formed on the recommendations of the expert panel on Cyber Security and Information Technology Examination chaired by Meena Hemchandra. According to the RBI, the 'Statement on Developmental and Regulatory Policies' which was presented along with the sixth bi-monthly monetary policy on February 8, 2017, had proposed the constitution of the inter-disciplinary standing committee.
The 11-member team comprises of:
> Smt. Meena Hemchandra, Executive Director, RBI, Chairperson
> Prof. H. Krishnamurthy, Principal Research Scientist, IISC, Bangalore
> Dr. A.S. Ramasastri, Director, IDRBT, Hyderabad
> Shri. Nandkumar Sarvade, CEO, ReBIT, Mumbai
> Shri. Krishna Sastry Pendalaya, Forensic Scientist
> Shri. R. Vittal Raj, Founder and Partner, M/s. Kumar & Raj, Chartered Accountants
> Shri Ashutosh Bahuguna, Scientist–C, CERT-In
> Shri. S. Ganesh Kumar, CGM-in-Charge, Department of Information Technology, Reserve Bank of India, Central Office
> Smt. Nanda S Dave, CGM, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office
> Shri. R. Ravikumar, CGM, Department of Banking Supervision, Reserve Bank of India, Central Office
> Shri. V. G. Sekar, GM, Department of Banking Supervision, Reserve Bank of India, Central Office (Member Secretary)
However, the team is not restricted to 11 members only, the RBI said. "Going forward, it might co-opt more experts in the area and also operate through a framework of sub-committees, if required, to examine specific issues."
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