Sajjanar urges banks, digital platforms to strengthen cybersecurity

Hyderabad: Hyderabad Police Commissioner VC Sajjanar has called upon banks, financial institutions and digital service platforms to strengthen their cybersecurity infrastructure in view of increasingly complex cybercrime incidents and evolving threats from artificial intelligence (AI)-assisted attacks.

He said entities handling citizens’ financial transactions and sensitive personal data, including banks, financial institutions, quick-commerce companies and mobility platforms, must upgrade their security systems, processes and technical manpower to tackle sophisticated attacks by hacker syndicates.

“Third-party systems, services and software modules handling confidential information should be treated on par with core applications. He called for stringent quality standards and security protocols to be implemented across the entire digital ecosystem,” Sajjanar stressed.

He emphasised that vulnerabilities in third-party applications and interconnected services could also expose sensitive information to cybercriminals, making it necessary for organisations to ensure comprehensive security checks and robust safeguards.

With citizens increasingly depending on digital platforms for financial transactions, shopping and mobility services, protecting their personal information and money has become crucial.

Strengthening cybersecurity infrastructure and improving preparedness against emerging threats are essential to safeguarding citizens’ finances, personal data and overall well-being, he added.