Current Context: The Digital Threat Report 2024 was launched as a joint initiative by the Indian Computer Emergency Response Team (CERT-In), Computer Security Incident Response Team for the Financial Sector (CSIRT-Fin), and global cybersecurity firm SISA, focusing on strengthening cyber resilience in the Banking, Financial Services, and Insurance (BFSI) sector.

About

• Released by the Ministry of Electronics and Information Technology (MeitY) and Department of Financial Services (DFS), in collaboration with CERT-In and SISA.
• Analyses current and emerging cyber threats, including artificial intelligence (AI)-driven attacks and systemic vulnerabilities.
• Based on inputs from forensic investigations, incident response teams, and real-time cyber intelligence.

Key Highlights

• Digital payments in India projected to touch USD 3.1 trillion by 2028, accounting for 35% of total banking revenues.
• The report underscores cybersecurity as the foundation of financial stability in the digital era.
• Promotes sector-wide collaboration, intelligence-sharing, and proactive response mechanisms.
• Identifies key attack vectors, gaps in security posture, and provides actionable recommendations for BFSI institutions.