The Parliamentary Standing Committee on Finance on Tuesday discussed in detail the issues related to cyber security with senior officials of Paytm, Flipkart, Apple, Punjab National Bank, Bank of India and Yes Bank on the issue of increasing cyber attacks and cyber crimes in the country. reviewed. Sources have told NDTV that in a meeting that lasted for about three hours, the parliamentary committee was told by officials that attempts at cyber attacks in the country have increased manifold in recent times,But the number of cyber crimes is largely under control as companies are adopting very strict security measures to prevent these cyber attacks.The question of security of data collected from customers by e-commerce companies was also raised in the meeting. According to sources, a senior MP asked the officials whether e-commerce companies have established any effective system to identify and compensate customers who are affected by Data Breach in their data base?At the beginning of the parliamentary committee meeting, senior officials of Yes Bank, Punjab National Bank, Bank of India and Computer Emergency Response Team (CERT) were called to make presentations on cyber attacks and steps being taken to prevent cyber crimes. Later, senior officials of Apple, Flipkart and Paytm briefed the committee about the steps being taken to strengthen the cyber security system.The Parliamentary Committee is of the view that due to the rapidly evolving technological landscape in the country, especially with the advent of new ‘Disruptive’ technologies like AI, it has become imperative that new types of cyber attacks and A 3 to 5 year long term strategy should be prepared to deal with crimes.Several rounds were held with senior officials of the Ministry of Finance, Ministry of Home Affairs, RBI, National Payments Corporation of India (NPCI) as well as several public and private banks and e-commerce companies on the issue of cyber security and cyber crimes in the last two months.
