Indian Economy News

Public-private partnerships key to strengthening India's digital trust and cyber resilience: MeitY

  • IBEF
  • July 14, 2026

Trusted collaboration between government institutions and industry will play a critical role in strengthening digital trust as cyber threats become more sophisticated and increasingly leverage artificial intelligence (AI), Secretary, Ministry of Electronics and Information Technology (MeitY), Mr. S. Krishnan said while launching the Digital Threat Report 2025-26 for the Banking, Financial Services and Insurance (BFSI) and payments ecosystem. Jointly released by MeitY, the Indian Computer Emergency Response Team (CERT-In), the Computer Security Incident Response Team in Finance (CSIRT-Fin) and cybersecurity firm SISA, the report provides a comprehensive assessment of the evolving cyber threat landscape affecting India's rapidly expanding digital financial ecosystem. The report highlights that six of the seven predictions made in its previous edition have already materialised and notes that the time between the emergence of cyber threats and their exploitation has reduced significantly, underscoring the need for stronger institutional collaboration, continuous monitoring and proactive cybersecurity measures.

The report identifies social engineering, credential theft, supply-chain attacks and cloud exploitation as major cyber risks while highlighting the growing challenge of AI-enabled cyberattacks, which allow threat actors to execute sophisticated attacks with greater speed and scale. It recommends shifting from periodic security assessments to continuous risk monitoring, coordinated incident response and enhanced information sharing across institutions. A key feature of the report is the Anatomy of Cyber Failure framework, which helps organisations identify recurring vulnerabilities and strengthen operational resilience. The report also outlines an 18-month roadmap for the BFSI sector, focusing on stronger foundational cybersecurity controls, continuous security capabilities and resilient enterprise security architecture. These recommendations are expected to help financial institutions safeguard digital transactions, enhance trust in India's digital financial infrastructure and strengthen the country's overall cyber resilience as digital adoption continues to accelerate.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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