MANU/PIBU/0450/2024
Department/Board : Press Information Bureau
Date : 19.06.2024
CERT-In and Mastercard India sign MoU for collaboration in cyber security to enhance India's cyber-resilience in Financial Sector
Two entities will leverage their shared expertise to strengthen financial sector cybersecurity incident response
Indian Computer Emergency Response Team (CERT-In) is a Government organization under the Ministry of Electronics and Information Technology, Government of India. CERT-In has been designated to serve as National agency for incident response under Section 70B of the Information Technology Act, 2000. CERT-In has joined hands with Mastercard to promote cooperation and information sharing in the area of Cyber security related to the financial sector. The two entities have signed a Memorandum of Understanding (MoU) under which they will leverage their shared expertise with regards to financial sector in the fields of cybersecurity incident response, capacity building, sharing cyber threat intelligence specific to financial sector and advanced malware analysis.
As part of the mutual understanding, Mastercard and CERT-In will hold
training programs and workshops for cyber capacity building, latest market
trends and best practices to enhance cyber security of financial sector
organizations. The two entities will also share relevant cyber threat trends,
technical information, threat intelligence, and vulnerability reports to
strengthen the financial sector information security of India.
"Cybersecurity is the need of the hour and Prime Minister Shri Narendra Modi government is committed to ensuring that people on digital platforms are secure, as this warfare is not on the ground but in cyberspace. I am confident that this is an important milestone that will benefit not only both entities but also the public at large," said Shri Jitin Prasada, Minister of State in the Ministry of Commerce & lndustry; and Electronics and Information Technology.
"Mastercard's comprehensive approach to security gives its partners and
customers deeper visibility into cyber risk and greater adaptability and
resilience, protecting their systems through the latest AI technology. The
company is delighted to collaborate with CERT-In to fortify India's financial
digital ecosystem, which has powered unprecedented growth in the country," said
Shri Gautam Aggarwal, Division President, South Asia at Mastercard.
About CERT-In: www.cert-in.org.in
The Indian Computer Emergency Response Team (CERT-In) is a Government organization under Ministry of Electronics and Information Technology, Government of India. CERT-In has been designated to serve as National agency for incident response under Section 70B of the Information Technology Act, 2000. CERT-In operates 24x7 incident response Help Desk for providing timely response to reported cyber security incidents. CERT-In provides Incident Prevention and Response services as well as Security Quality Management Services.
About Mastercard (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and soluti........