The government has declared the IT resources of ICICI Bank as ‘critical information infrastructure’, implying any hurt to it may have an effect on nationwide safety and any unauthorised particular person accessing it might be jailed for as much as 10 years, based on an official notification.
The Ministry of Electronics and IT (MeitY), within the notification dated June 16, declared the IT sources of the personal sector lender as crucial infrastructure beneath Section 70 of the IT Act, 2000.
“The Central Government hereby declares the computer resources relating to the Core Banking Solution, Real Time Gross Settlement and National Electronic Fund Transfer comprising Structured Financial Messaging Server, being Critical Information Infrastructure of the ICICI Bank, and the computer resources of its associated dependencies to be protected systems for the purpose of the said Act,” the notification mentioned.
The notification authorises designated workers authorised by ICICI Bank, authorised staff members of contractual managed service suppliers or third-party distributors who’ve been authorised by the financial institution for need-based entry and any guide, regulator, authorities official, auditor and stakeholder authorised by financial institution on case-to-case foundation to entry the IT sources of the lender.
“Looking at the recent sophisticated cyber attacks, it is high time all the banks and financial institutions get themselves notified as a protected system.
“Similarly, the control system of all the electricity, oil, airports, railways, metros and transport systems are critical infrastructure and must be declared as a protected system,” SP, Cyber Crime, Uttar Pradesh Police and licensed cyber professional Triveni Singh mentioned.
As per the Act, ‘critical information infrastructure’ means a pc useful resource, the incapacitation or destruction of which, shall have debilitating affect on nationwide safety, financial system, public well being or security.
Any one who secures entry or makes an attempt to safe entry to a protected system in contravention of the provisions shall be punished with imprisonment of a time period which can lengthen to 10 years and shall even be responsible for a positive, the Act says.
Source: www.financialexpress.com”