Indian Prime Minister’s former cyber security advisor says Indian banks are fundamentally unsafe

Banks need to strengthen their ICT infrastructure and architecture to avoid falling prey to cyber attacks, Rai told Business Insider.Gulshan Rai, Former National Cyber Security Co-ordinator, Government of India said banks, especially Co-operative banks need to immediately define their Security Operation Centers.They need to put blockades to make it difficult for cyber criminals to get into their systems, he added. Indian banks are increasingly falling prey to cyber attacks and there is an immediate need for them to strengthen their tech infrastructure and overall architecture, according to Gulshan Rai, Former National Cyber Security Co-ordinator, Government of India.Rai was addressing members of the banking fraternity at an event organized by The Maharashtra State Co-operative Banks Association

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