To understand the nature of cyber threats targeting financial institutions in the digital age.
To evaluate the cybersecurity frameworks, protocols, and tools implemented to safeguard sensitive financial data and systems.
To assess the preparedness of financial institutions in detecting, preventing, and responding to cyber incidents.
To analyze regulatory requirements (e.g., RBI, SEBI, GDPR) and their influence on cybersecurity strategy.
To recommend improvements in cybersecurity infrastructure, policies, and employee awareness programs.
Conduct a literature review on cybersecurity threats specific to the financial sector, including phishing, malware, ransomware, and DDoS attacks.
Study global and Indian cybersecurity frameworks such as NIST, ISO 27001, and RBI’s cybersecurity guidelines.
Identify and analyze common security measures: firewalls, encryption, intrusion detection systems (IDS), and multi-factor authentication (MFA).
Examine recent case studies of cyberattacks on banks, NBFCs, and FinTech firms and assess their response strategies.
Evaluate the effectiveness of cybersecurity awareness programs and employee training in mitigating internal threats.
(If feasible) Conduct surveys or interviews with IT/security professionals in financial institutions to gain practical insights.
Prepare a detailed report presenting current practices, gaps, compliance status, and strategic recommendations for strengthening cybersecurity in financial institutions.
