an inter-disciplinary standing committee on cbyer security has been constituted by the RBI comprising academia, information security audit, forensic and cybersecurity experts.The committee reviews, inter alia, threats inherent in the existing or emerging technology, and suggests appropriate policy interventions.

“This is establishment of an institution in India’s pursuit of safe and secure cyberspace. Any unusual movement on the NIC network, any attacks, intrusions will be detected and cleaned,” Prasad said.The government has already announced setting up of similar frameworks for the finance and power sectors, he added.