Cyber Patriot Task Force Meetings

Meeting 5: Payment and Settlements, Constitution Club of India, 29th June 2019

The fifth meeting of the Cyber Patriot Task Force, focused on Payments and Settlements was held on the 29th June 2019 at the Constitution Club of India, New Delhi. CISOs from government, FinTech, banks, payment companies and etc participated.

Some key areas of concern for the industry are frequent policy changes and shifting of goal posts across the regulatory spectrum. While KYC remains a major area of bread and butter concern, major shifts have been proposed in Payments (eg: Nilekani Report, P2P Lending, Loan Co-origination, etc). Some of these changes directly impact the business case and affect the technology choices already made. The refrain from the industry is for a stable and equitable policy environment.

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Meeting 4: Cyber Security, Constitution Club of India, 29th June 2019

The fourth meeting of the Cyber Patriot Task Force, focused on Cyber Security was held on the 29th June 2019 at the Constitution Club of India, New Delhi. CISOs from banks, governments, services, MNCs and etc. participated.

Digital Payments are becoming ubiquitous. They either underlie or overlap every service transaction that we undertake. While this enhances productivity and convenience, it also creates a large number of security and privacy issues. Recently RBI working papers have referred to Distributed Ledger Technology (DLT), while strengthening the system, there are implementation issues such as interoperability and who would be the partners in the trusted ecosystem.

Technologies of the future are leading to trade battles with data being the key resource. Such a strategy would also need to take note of quantum computing developments that are around the corner.

The India Strategy would need to take stock of global developments across Blockchain, 5G, Artificial Intelligence (AI) and Quantum Computing and other technologies. The risk vs. reward of their implementation must be determined.

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Meeting 3: Cognitive Technologies, Constitution Club of India, 29th June 2019

The third meeting of the Cyber Patriot Task Force, focused on Cognitive Technologies was held on the 29th June 2019 at the Constitution Club of India, New Delhi. CISOs from various verticles participated.

Cognitive Technologies and their building blocks will change the business paradigms yet again. There is a massive disruption ahead for all businesses. Distributed Ledger Technology (DLT) would become a mainstay for businesses. Quantum Computing will either make even Blockchain vulnerable or potentially offer near foolproof security. 5G will provide the requisite network bandwidth to introduce Machine Learning and Artificial Intelligence (AI) applications. Fog Computing will decentralise Artificial Intelligence (AI). Indian legislation and implementation would be compelled to move in this direction. The next set of winners will be decided by our readiness and understanding, and our ability to tame these technological disruptions for business advantage. This Discussion takes stock of our current knowledge and contributes to a better understanding of technologies of the future.

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Meeting 2: Operational Technology, The Oberoi Hotel, Bengaluru, 9th May 2019

The second meeting of the Cyber Patriot Task Force, focused on Operational Technology was held on the 9th May 2019 at the Oberoi Hotel, Bengaluru. CISOs from banks, defence manufacturing, IT Services and MNC manufacturing participated.

Some of the learning’s were as follows:

  1. Bank mergers are posing new security challenges for the short to medium term.
  2. The outsourcing model is posing a higher degree of risk.
  3. Customising solutions is not possible and privileged identity management is a big area for concern.
  4. Cyber Security is a specialised job, while there is focus on movement of CISOs to business, there is no attempt to give business team’s exposure to security.
  5. The biggest resistance to security comes from IT vendors themselves who would like it to take a back seat.

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Meeting 1: Policy and Legal Framework, Constitution Club of India, 23rd March 2019

The first meeting of the Cyber Patriot Task Force focused on Policy and Legal Framework was held on the 23rd March 2019 at the Constitution Club of India, New Delhi.

After detailed discussions, several decisions were taken. The initial actions are as follows:

  1. The working name for the document would be “National Cyber Security Strategy for India.”
  2. Under the first section of the book, we would take stock of the current progress and need articulation.
  3. Accordingly, I suggest, the first section could be structured as below:
    1. Global Scenario
    2. Factors Driving National Cyber Security Strategies
    3. The Indian Context (current policy environment, assets, institutions etc)
      1. Facilities
      2. People (skills and HR)
      3. Funds
      4. Systems
      5. Competitive Advantages
      6. Areas for Upgradation
    4. Policy Gaps
    5. Key Factors Driving Future Course (eg Virtualisation, 5G, AI, IoT etc)
    6. Need Articulation for the Strategy
  4. Economic Rationale for the Strategy

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