To understand the nature and scale of cybersecurity threats facing financial institutions in the digital era.
To evaluate current cybersecurity frameworks, tools, and protocols used by banks and financial firms to manage cyber risk.
To assess the strategic readiness of financial institutions in detecting, preventing, and responding to cyber incidents.
To identify gaps in existing cybersecurity policies, infrastructure, and workforce preparedness.
To recommend improvements in cyber resilience planning, incident response, and regulatory compliance.
Conduct a literature review on cybersecurity threats specific to the financial sector, including phishing, ransomware, insider threats, and advanced persistent threats (APTs).
Study globally recognized cybersecurity frameworks (e.g., NIST, ISO 27001, CIS Controls) and regulatory guidelines by RBI, SEBI, and other financial authorities.
Analyze case studies of real-world cyberattacks on financial institutions and evaluate their incident response strategies.
Evaluate the use of technologies such as intrusion detection systems (IDS), firewalls, encryption, AI-based threat analytics, and multi-factor authentication.
Develop a cybersecurity risk readiness checklist to assess preparedness across people, processes, and technology.
(If feasible) Conduct interviews or surveys with IT/cybersecurity personnel in financial institutions to gain insights into challenges and preparedness levels.
Prepare a strategic report highlighting the current cybersecurity posture, key vulnerabilities, response capabilities, and prioritized recommendations for strengthening cyber defense.
