Irdai sets up panel to relook guidelines on information, cybersecurity livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Insurance sector regulator Irdai on Wednesday said it has formed a committee to review its information and security guidelines due to exponential increase in cyber-attacks across the globe in the wake of COVID-19. The economic situation owing to the pandemic has seen an exponential increase in cyber-attacks across the globe and in particular, the financial sector. This situation has necessitated regulators to re-look into their Cyber Security Guidelines applicable to all regulated entities in an effort to protect the financial systems, Irdai said in an order. The Insurance Regulatory and Development Authority of India (Irdai) had issued guidelines on cyber security in April 2017 as a part of its governance mechanism.
In a scathing report, the IT Parliamentary Committee says the delay reflects badly on the country's planning and execution. So far, certain bands within 5G spectrum have not even been identified, and no spectrum allocation has taken place
IDRBT gets new director
January 25, 2021 D Janakiram has taken over as the new director of the Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India.
Before joining IDRBT, he was a senior professor of computer science and engineering department, IIT Madras. He was also a Visiting Professor at the Rochester Institute of Technology (RIT) in the USA.
His current research focusses on building large scale distributed systems and challenges in big data processing and cloud computing and blockchain technologies.
”Janakiram brings with him immense experience in various fields of direct relevance to Banking and Financial Technology,’’ IDRBT said in a release issued on Monday.
State-owned telecom companies BSNL and MTNL turned EBITDA positive in the first half of financial year 2020-21, DoT said on Monday. The Department of Telecom (DoT) also said that the process for spectrum allocation for 4G services to Bharat Sanchar Nigam Ltd (BSNL) on pan-India basis, including Delhi and Mumbai, has been initiated and funds have been provisioned in FY2020-21. Summing up the developments in the sector in its year-end review for 2020, the DoT in a release said that overall 92,956 employees of both the public sector companies (PSUs) who opted for Voluntary Retirement Scheme (VRS) have retired on January 31, 2020.