Prelims – Current events of national and international importance.
Mains (GS III) – Challenges to internal security through communication networks, role of media and social networking sites in internal security challenges, basics of cyber security; money-laundering and its prevention.
Why in News?
India launches first Digital Threat Report 2024 recently.
- Aim - To address the escalating cyber threats faced by financial institutions.
- Launched by - Ministry of Electronics and Information Technology.
- Collaborated with - CERT-In (MeitY), CSIRT-Fin and SISA, a global Cybersecurity company.
- It highlights the critical need for a cohesive cybersecurity framework to safeguard the nation's financial infrastructure.
- The report addresses
- Illuminate Adversaries’ Playbook
- Anticipate Future Attacks
- Assess the Impact of AI in Breaches
- Recommend Preventive and Detective Controls
- Highlight Current Trends and Select Cases
- Anticipated Cyber Threats in 2025
- Rise of deep fakes and AI-generated content
- Growing threat of supply chain attacks and malicious libraries
- Emerging threat of LLM prompt hacking in applications
- Influence of adversarial LLMs enhancing attack capabilities
- Quantum computing – A looming threat to cryptography
- Crypto – A new frontier for cyber threats
- IOT, the emerging threats to embedded devices.
- Suggestions to Policy Makers
- Cybersecurity should be a techno commercial business decision and not just decided only on commercials
- Digital Payment Security to have common standards for all Digital Payment Form Factors
- Clear Preparation Roadmap for Post Quantum Cryptography
- Empower CISOs through direct reporting to the CEO/CRO instead of CTO or CIO
- Create more Certified Digital Payment Security Specialists in the ecosystem
- Building a Responsible AI Framework for BFSI
- The report calls on financial institutions, regulators, and security experts to take a proactive stance in addressing cyber threats.
- As AI-driven attacks become more prevalent and compliance demands grow increasingly complex, the necessity for strategic direction in managing the cybersecurity environment is important.
References
- PIB | Digital Threat Report 2024
- CSK Govt | Digital-threat-report
