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Payment’s body NPCI heavily investing in providing secure digi transactions

National Payment Corporation of India  (NPCI), an umbrella body for all kind of  payments, said that it has been taking all steps to ensure safe and secure transaction as digital payments are on the rise.

NPCI, which drives 2.5 billion transactions on a monthly basis through platforms such as RuPay, UPI, IMPS, AePS, NETC, and Bharat Bill Pay, said that it continues to invest in people, process and technology to safeguard the IT Infrastructure, information generated by them and the digital identities that access such information.

“Maintaining privacy of details are of utmost priority at NPCI and we assure all our customers that data processed at our end is completely secured and not accessible by anyone unauthorised,” NPCI said in a statement.

NPCI said it faces many inspections as per the regulatory and Government compliances. Audits and Inspections of various nature are conducted periodically to enhance and strengthen corporate governance.

Dilip Asbe, MD & CEO NPCI said, “We consider audits as an important governance layer for the IT systems that evolves constantly, for appropriateness and adequacy of controls deployed so as to ensure that the critical systems, processes and data under its purview remain safe and secure. As a process, NPCI has ensured that there are adequate controls across multiple levels and Audit findings are remediated immediately and closed to satisfaction of auditing entities.”

The government backed organisation further added that with rise in digital payments there is an increased cyber security risk and the the payments organisation aims to safeguard its assets and network against all kinds of prevalent cyber-attacks. Over the past years NPCI has deployed various technologies to upgrade its security posture leveraging a multi-layered defence approach to combat evolving cyber threats.

Some of the state of the art technologies deployed at NPCI to thwart Cyber-attacks includes:

Perimeter security controls including firewall, web application firewall, micro-segmentation of network, routing controls, secured switch configurations, proxy server, Anti-Distributed Denial of Service Solution, Anti – Advanced Persistent Threat etc.

Information protection including Data Leakage Protection, Digital Rights Management, tokenization & encryption of sensitive data elements and active monitoring of both structured and unstructured data.  Safer & Secure connects to ecosystem players including communication channel encryption. Various Detective controls including Deceptive technologies (Decoys) are used as early indicators to identify Cyber-attacks amongst others.

Besides, the organisation has a dedicated team of highly trained professionals who have participated in various globally recognised and acclaimed Cyber Defense program manages the Security Operation Centre.

NPCI’s response to clarify regarding the cyber security comes in the wake of certain media reports around increasing breach in payments systems and increased  cyber crime.

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