PM Modi warns of rising cyber threats, urges safeguards for banking sector

Prime Minister Narendra Modi used a recent public address to draw attention to the growing menace of cyber attacks targeting India's banking system. He warned that malicious actors are becoming more sophisticated, posing significant risks to the stability of financial services and the safety of customer data. Modi emphasized that safeguarding the banking sector is a national priority and urged both public and private banks to adopt robust cybersecurity frameworks. The Prime Minister also called on regulators and technology partners to collaborate closely, ensuring that security protocols keep pace with evolving threats. He reiterated the government's commitment to strengthening cyber resilience across critical financial infrastructure.