SBI inaugrates centre of excellence for cybersecurity
SBI has launched CyRIS, a center of excellence focused on cybersecurity and threat intelligence for the finance sector. The initiative follows a strategy to think, innovate, and defend. It encourages banks, regulators, and fintech companies to work together to increase resilience. SBI chairman CS Setty stated that improving security helps maintain customer trust. He noted the need to address threats proactively. The plan includes regular training for staff and increasing awareness of digital safety for customers.
The inauguration of CyRIS by SBI marks a significant step in advancing cybersecurity measures and threat intelligence in finance. Centered around THINK, INNOVATE, and DEFEND, it promotes a cooperative approach among banks, fintechs, and regulators to strengthen resilience. CS Setty, SBI chairman, underscored that bolstering cybersecurity is crucial for maintaining customer trust and proactively addressing threats, alongside regular training for employees and raising customer awareness on digital safety.