How are NPCI and IDRBT Enhancing Security for Digital Payments?
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Synopsis
In a groundbreaking initiative, NPCI and IDRBT have joined forces to enhance cybersecurity in India's digital payments landscape. This partnership promises to fortify transaction safety and raise security standards through targeted training and innovative certification programs, addressing the growing demands of the digital finance sector.
Key Takeaways
- Strengthened Cybersecurity: NPCI and IDRBT's collaboration focuses on enhancing overall transaction security.
- Specialized Training: Joint programs will be developed for professionals in the banking and digital payments sectors.
- New Certification: A NPCI-certified payment security certification program will be launched.
- Cyber Threat Intelligence: IDRBT will provide real-time threat intelligence to partners.
- Focus on Preparedness: Emphasizing the importance of people and training in cybersecurity.
New Delhi, June 12 (NationPress) The National Payments Corporation of India (NPCI) and the Institute for Development and Research in Banking Technology (IDRBT) have recently formalized their collaboration by signing a memorandum of understanding (MoU) aimed at enhancing cyber security and resilience within India’s rapidly evolving digital payments ecosystem, including UPI.
This strategic partnership is designed to bolster the overall safety of digital transactions through an emphasis on training, awareness, and proactive risk management.
Dilip Asbe, Managing Director and CEO of NPCI, emphasized that this cooperation with IDRBT is a significant advancement towards improving cyber resilience, focusing not only on technology but also on human factors and preparedness.
“Enhancing cyber resilience transcends mere technological improvements; it encompasses people and preparedness,” Asbe remarked.
He highlighted that training, certifications, and shared intelligence will be pivotal in raising security benchmarks.
Dr. Deepak Kumar, Director of IDRBT, stated that the institute has consistently aimed to assist the banking and finance sector in embracing technology.
He affirmed that this formal partnership will heighten security awareness and develop robust response mechanisms within the digital payments landscape.
As part of the MoU, both organizations will collaboratively provide specialized training programs for technology and cyber security experts in the banking and digital payments domains.
These initiatives will encompass vital topics such as cyber security, data privacy, and system resiliency.
A significant outcome of this partnership will be the introduction of a new NPCI-certified payment security certification program.
This certification will be specifically designed to align with the latest industry standards and regulatory expectations, enabling professionals to stay informed about emerging threats and best practices.
Moreover, IDRBT will extend its cyber threat intelligence service platform to NPCI and its partner organizations.
This service will supply real-time, contextual threat intelligence, assisting in the prevention of cyber-attacks and fortifying defense mechanisms across the digital payment network.
This partnership arises at a crucial moment when India’s digital payment platforms, such as UPI, are experiencing significant growth and heightened usage.
Point of View
I believe this partnership reflects a significant leap towards securing India's digital financial infrastructure. The collaborative efforts of NPCI and IDRBT not only highlight the importance of cybersecurity but also emphasize the need for a prepared workforce in an increasingly digital economy. Our nation stands to benefit immensely from these advancements, ensuring a safer transaction environment for all.
NationPress
17/06/2025
Frequently Asked Questions
What is the purpose of the MoU between NPCI and IDRBT?
The MoU aims to enhance cybersecurity and resilience in India's digital payments ecosystem, focusing on training, awareness, and proactive risk management.
What will the partnership provide for cybersecurity professionals?
The partnership will offer specialized training programs and a new NPCI-certified payment security certification tailored to current industry standards and threats.
How will this collaboration impact digital payments in India?
This collaboration will improve transaction safety, raise security standards, and help prevent cyber-attacks within the growing digital payments landscape.
