CSPAI: A Public-Private Partnership between CERT-In and SISA

Introduction

Against the dynamic backdrop of Mumbai, where the intersection of age-old markets and cutting-edge innovation is a daily reality, an initiative of paramount importance has begun to take shape within the hallowed walls of the Reserve Bank of India (RBI). This is not just a tweak, a nudge in policy, or a subtle refinement of protocols. What we're observing is nothing short of a paradigmatic shift, a recalibration of systemic magnitude, that aims to recalibrate the way India's financial monoliths oversee, manage, and secure their informational bedrock – their treasured IT systems.

On the 7th of November, 2023, the Reserve Bank of India, that bastion of monetary oversight and national fiscal stability, unfurled a new doctrine – the 'Master Direction on Information Technology Governance, Risk, Controls, and Assurance Practices.' A document comprehensive in its reach, it presents not merely an update but a consolidation of all previously issued guidelines, instructions, and circulars relevant to IT governance, plaited into a seamless narrative that extols virtues of structured control and unimpeachable assurance practices. Moreover, it grasps the future potential of Business Continuity and Disaster Recovery Management, testaments to RBI's forward-thinking vision.

This novel edict has been crafted with a target audience that spans the varied gamut of financial entities – from Scheduled Commercial Banks to Non-Banking Financial Companies, from Credit Information Companies to All India Financial Institutions. These are the juggernauts that keep the economic wheels of the nation churning, and RBI's precision-guided document is an unambiguous acknowledgment of the vital role IT holds in maintaining the heartbeat of these financial bodies. Here lies a riveting declaration that robust governance structures aren't merely preferred but essential to manage the landscape of IT-related risks that balloon in an era of ever-proliferating digital complexity.

Directive Structure

The directive's structure is a combination of informed precision and intuitive foresight. Its seven chapters are not simply a grouping of topics; they are the seven pillars upon which the temple of IT governance is to be erected. The introductory chapter does more than set the stage – it defines the very reality, the scope, and the applicability of the directive, binding the reader in an inextricable covenant of engagement and anticipation. It's followed by a deep dive into the cradle of IT governance in the second chapter, drawing back the curtain to reveal the nuanced roles and defiant responsibilities bestowed upon the Board of Directors, the IT Strategy Committee, the clairvoyant Senior Management, the IT Steering Committee, and the pivotal Head of IT Function.

As we move along to the third chapter, we encounter the nuts and bolts of IT Infrastructure & Services Management. This is not just a checklist; it is an orchestration of the management of IT services, third-party liaisons, the calculus of capacity management, and the nuances of project management. Here terms like change and patch management, cryptographic controls, and physical and environmental safeguards leap from the page – alive with earnest practicality, demanding not just attention but action.

Transparency deepens as we glide into the fourth chapter with its robust exploration of IT and Information Security Risk Management. Here, the demand for periodic dissection of IT-related perils is made clear, along with the edifice of an IT and Information Security Risk Management Framework, buttressed by the imperatives of Vulnerability Assessment and Penetration Testing.

The fifth chapter presents a tableau of circumspection and preparedness, as it waxes eloquent on the necessity and architecture of a well-honed Business Continuity Plan and a disaster-ready DR Policy. It is a paean to the anticipatory stance financial institutions must employ in a world fraught with uncertainty.

Continuing the narrative, the sixth chapter places the spotlight on Information Systems Audit, delineating the precise role played by the Audit Committee of the Board in ushering in accountability through an exhaustive IS Audit of the institution's virtual expanse.

And as we perch on the final chapter, we're privy to the 'repeal and other provisions' of the directive, underscoring the interplay of other applicable laws and the interpretation a reader may yield from the directive's breadth.

Conclusion 

To proclaim that this directive is a mere step forward in the RBI's exhaustive and assiduous efforts to propel India's financial institutions onto the digital frontier would be a grave understatement. What we are witnessing is the inception of a more adept, more secure, and more resilient financial sector. This directive is nothing less than a beacon, shepherding in an epoch of IT governance marked by impervious governance structures, proactive risk management, and an unyielding commitment to the pursuit of excellence and continuous improvement. This is no ephemeral shift - this is, indisputably, a revolutionary stride into a future where confidence and competence stand as the watchwords in navigating the digital terra incognita.

References:

https://www.businesstoday.in/industry/banks/story/rbi-issues-new-directions-on-it-governance-in-banks-nbfcs-effective-from-april-2024-check-details-405061-2023-11-08

‍

Introduction

Cyber slavery has emerged as a serious menace. Offenders target innocent individuals, luring them with false promises of employment, only to capture them and subject them to horrific torture and forced labour. According to reports, hundreds of Indians have been imprisoned in 'Cyber Slavery' in certain Southeast Asian countries. Indians who have travelled to South Asian nations such as Cambodia in the hopes of finding work and establishing themselves have fallen victim to the illusion of internet slavery. According to reports, 30,000 Indians who travelled to this region on tourist visas between 2022 and 2024 did not return. India Today’s coverage demonstrated how survivors of cyber slavery who have somehow escaped and returned to India have talked about the terrifying experiences they had while being coerced into engaging in cyber slavery.

Tricked by a Job Offer, Trapped in Cyber Slavery

India Today aired testimonials of cyber slavery victims who described how they were trapped. One individual shared that he had applied for a well-paying job as an electrician in Cambodia through an agent in Delhi. However, upon arriving in Cambodia, he was offered a job with a Chinese company where he was forced to participate in cyber scam operations and online fraudulent activities.

He revealed that a personal system and mobile phone were provided, and they were compelled to cheat Indian individuals using these devices and commit cyber fraud. They were forced to work 12-hour shifts. After working there for several months, he repeatedly requested his agent to help him escape. In response, the Chinese group violently loaded him into a truck, assaulted him, and left him for dead on the side of the road. Despite this, he managed to survive. He contacted locals and eventually got in touch with his brother in India, and somehow, he managed to return home.

This case highlights how cyber-criminal groups deceive innocent individuals with the false promise of employment and then coerce them into committing cyber fraud against their own country. According to the Ministry of Home Affairs' Indian Cyber Crime Coordination Center (I4C), there has been a significant rise in cybercrimes targeting Indians, with approximately 45% of these cases originating from Southeast Asia.

CyberPeace Recommendations

Cyber slavery has developed as a serious problem, beginning with digital deception and progressing to physical torture and violent actions to commit fraudulent online acts. It is a serious issue that also violates human rights. The government has already taken note of the situation, and the Indian Cyber Crime Coordination Centre (I4C) is taking proactive steps to address it. It is important for netizens to exercise due care and caution, as awareness is the first line of defence. By remaining vigilant, they can oppose and detect the digital deceit of phony job opportunities in foreign nations and the manipulative techniques of scammers. Netizens can protect themselves from significant threats that could harm their lives by staying watchful and double-checking information from reliable sources.

References

1. CyberPeace Highlights Cyber Slavery: A Serious Concern https://www.cyberpeace.org/resources/blogs/cyber-slavery-a-serious-concern
2. https://www.indiatoday.in/india/story/india-today-operation-cyber-slaves-stories-of-golden-triangle-network-of-fake-job-offers-2642498-2024-11-29
3. https://www.indiatoday.in/india/video/cyber-slavery-survivors-narrate-harrowing-accounts-of-torture-2642540-2024-11-29?utm_source=washare

‍

Executive Summary:

Our Team recently came across a post on X (formerly twitter) where a photo widely shared with misleading captions was used about a Hindu Priest performing a vedic prayer at Washington after recent elections. After investigating, we found that it shows a ritual performed by a Hindu priest at a private event in White House to bring an end to the Covid-19 Pandemic. Always verify claims before sharing.

Claim:

An image circulating after Donald Trump’s win in the US election shows Pujari Harish Brahmbhatt at the White House recently. 

‍

Fact Check: 

The analysis was carried out and found that the video is from an old post that was uploaded in May 2020. By doing a Reverse Image Search we were able to trace the sacred Vedic Shanti Path or peace prayer was recited by a Hindu priest in the Rose Garden of the White House on the occasion of National Day of Prayer Service with other religious leaders to pray for the health, safety and well-being of everyone affected by the coronavirus pandemic during those difficult days, and to bring an end to Covid-19 Pandemic. 

‍

Conclusion:

The viral claim mentioning that a Hindu priest performed a Vedic prayer at the White House during Donald Trump’s presidency isn’t true. The photo is actually from a private event in 2020 and provides misleading information.  

Before sharing viral posts, take a brief moment to verify the facts. Misinformation spreads quickly and it’s far better to rely on trusted fact-checking sources.

• Claim:  Hindu priest held a Vedic prayer at the White House under Trump
• Claimed On:Instagram and X (Formerly Known As Twitter)
• Fact Check: False and Misleading