NPCI, IDRBT Join Hands To Bolster Security For Digital Payments

New Delhi: The National Payments Corporation of India (NPCI) and the Institute for Development and Research in Banking Technology (IDRBT) on Thursday signed a memorandum of working out (MoU) to paintings in combination on strengthening cyber safety and resilience in India’s fast-growing virtual bills ecosystem, together with UPI. 

This partnership objectives to reinforce the whole protection of virtual transactions by way of that specialize in coaching, consciousness, and proactive chance control.

Dilip Asbe, MD and CEO of NPCI, mentioned that this collaboration with IDRBT is a step against bettering cyber resilience no longer simply thru era, but in addition thru folks and preparedness.

“Strengthening cyber resilience is not just about technology, but also about people and preparedness,” Asbe said.

He emphasized that coaching, certifications, and shared intelligence will play a key function in elevating safety requirements.

Dr. Deepak Kumar, Director of IDRBT, mentioned the institute has at all times labored against serving to the banking and finance sector undertake era.

He added that this formal partnership will spice up safety consciousness and construct robust reaction methods inside the virtual bills ecosystem.

Under the MoU, each organisations will collectively be offering specialized coaching programmes for era and cyber safety pros within the banking and virtual bills sectors.

These programmes will duvet essential spaces similar to cyber safety, knowledge privateness, and machine resiliency.

One of the important thing results of the partnership would be the release of a brand new NPCI-certified cost safety certification programme.

This certification shall be adapted to satisfy the newest trade necessities and regulatory expectancies, serving to pros keep up to date with rising threats and highest practices.

Additionally, IDRBT will lengthen its cyber risk intelligence provider platform to NPCI and its spouse organisations.

This provider will supply real-time, contextual risk intelligence to lend a hand save you cyber-attacks and toughen defence mechanisms around the virtual cost community.

This partnership comes at a time when India’s virtual cost platforms like UPI are seeing fast enlargement and higher utilization.