The majority of internet consumers in India have got online only recently and would not be aware of all the dangers that lurk in the world wide web. Already, there are many instances across the country of unsuspecting users becoming easy targets for fraudsters.
Cert-Fin Cert-Fin will act as an umbrella Cert for the financial sector and report to Indian Computer Emergency Response Team (Cert-In) at the national level, in accordance with the information technology Act and rules. Cert-Fin will work closely with all financial-sector regulators and stakeholders on issues of cyber security. Cert-Fin is recommended as an independent body, to be set up as a company under Section 8 of the Companies Act, 2013, with a governing board. It has also been recommended that each financial-sector regulator will have a separate entity that will provide information in real time to Cert-Fin. So, there would a bank-Cert (which would be the Reserve Bank of India), a securities-cert, insurance-cert and pension-cert; all of which will directly report to Cert-Fin. |