Government declares ICICI Bank’s IT resources as ‘critical information infrastructure’; what does it mean?

New Delhi: The government has declared ICICI Bank’s IT resources as ‘critical information infrastructure’, which means any damage to it could impact on national security and any unauthorized person accessing it would be liable for 10 years. Can be jailed. Official Notification. The Ministry of Electronics and IT (MeitY), in a June 16 notification, declared the private sector lender’s IT resources as critical infrastructure under Section 70 of the IT Act, 2000.

“The Central Government hereby declares the computer resources relating to Core Banking Solution, Real Time Gross Settlement and National Electronic Funds Transfer, including the Structured Financial Messaging Server, which is the critical information infrastructure of ICICI Bank, and the computers of its dependencies. Resources are protected systems for the purpose of the said Act,” the notification said. based access is authorized and any advisor, regulator, government official, auditor and stakeholder authorized by the Bank to access the Lender’s IT resources on a case-by-case basis.

“Given the recent sophisticated cyber attacks, it is time that all banks and financial institutions notify themselves as a protected system. “Similarly, the control system of all power, oil, airports, railways, metros and transport systems is critical infrastructure and should be declared as a protected system,” said SP, Cyber ​​Crime, Uttar Pradesh Police and Certified Cyber Expert Triveni Singh said. As per the Act, ‘critical information infrastructure’ means a computer resource, the incapacitation or destruction of which would have debilitating effect on national security, economy, public health or security.

Any person who secures or attempts to secure access to a protected system in contravention of the provisions of the Act shall be punished with imprisonment of either description for a term which may extend to 10 years and shall also be liable to fine, the Act states. Is.

read all breaking news , today’s fresh news watch top videos And live TV Here.