Cyber Security – CERTs, Policy, etc

Legal steps to guard digital payments


Mains Paper 3: Basics of cyber-security

The following things are important from UPSC perspective:

Prelims: CERT-In.

Mains: This article discusses the trend of rise in the financial frauds post demonetization.



  1. The Home Ministry has asked banks and e-wallet firms to furnish details of the extent of financial fraud reported in the past one year as digital transactions picked up post demonetization.
  2. The use of mobile wallets and online transactions has spiked since then.
  3. The Ministry convened a high-level committee to understand the extent of technological misuse and financial frauds committed through digital means.
  4. The Centre is planning to bring changes to the law to check frauds in the financial sector.

What does the data say?

  1. Representational data available with the RBI show that the value of prepaid payment instruments increased from Rs. 1,320 crore in November 2016 to Rs. 2,760 crore in September 2017.
  2. By an estimate of security agencies, nearly 10,000 fraud transactions are being reported every month through e-wallet platforms.
  3. Pre-demonetisation, the figure stood at 4,000.
  4. Approximately 45 lakh cybersecurity attacks were observed in the past three years.
  5. Information reported to, and tracked by, the Indian Computer Emergency Response Team (CERT-In) shows an increase in cybersecurity incidents.

Going unnoticed

  1. The extent of fraud is not known because many people do not report it as in some cases it is a small amount.
  2. The banks and e-wallet firms have been asked to furnish the data of the way it was being done.


The government has reviewed the preparedness of agencies to check financial cybercrimes, and asked security agencies to strengthen surveillance and legal frameworks to check the menace.


CERT-In( Indian Computer Emergency Response Team)

  1. It is a government mandated security organization.
  2. CERT-In was created by the Indian Department of Information Technology in 2004 and operates under the auspices of that department.
  3. According to the provisions of the Information Technology Amendment Act 2008, CERT-In is responsible for overseeing administration of the Act.
  4. The purpose of CERT-In is to respond to computer security incidents, report on vulnerabilities and promote effective IT security practices throughout the country.
  5. The Indian Computer Emergency Response Team (CERT-In) has signed cooperation pacts with its counterparts in various nations like in Malaysia, Singapore, Japan, UK etc. for cyber security.
  6. The Memoranda of Understanding (MoUs) will promote closer cooperation for exchange of knowledge and experience in detection, resolution and prevention of security-related incidents.                                                                                                                                                   

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