Stay updated with breaking news from Structured Financial Messaging Server. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Any person who secures access or attempts to secure access to a protected system in contravention of the provisions shall be punished with imprisonment of a term which may extend to 10 years and shall also be liable for a fine, the Act says.
The Ministry of Electronics and IT (MeitY), in the notification dated June 16, declared the IT resources of the private sector lender as critical infrastructure under Section 70 of the IT Act, 2000.
'Looking at the recent sophisticated cyber attacks, it is high time all the banks and financial institutions get themselves notified as a protected system'