The Indian Computer Emergency Response Team (CERT-In), under the Ministry of Electronics and Information Technology, has entered into a strategic partnership with Mastercard to strengthen cybersecurity in India’s financial sector. The collaboration aims to bolster cyber resilience through shared expertise and resources in incident response, capacity building, and threat intelligence.
The MoU signed between CERT-In and Mastercard focuses on several key areas, including cybersecurity incident response, sharing of cyber threat intelligence specific to the financial sector, advanced malware analysis, and conducting training programs and workshops. These initiatives are designed to enhance the cybersecurity posture of financial institutions across the country.
‘Cybersecurity is the need of the hour and Prime Minister Shri Narendra Modi’s government is committed to ensuring that people on digital platforms are secure, as this warfare is not on the ground but in cyberspace. I am confident that this is an important milestone that will benefit not only both entities but also the public at large,’ stated Jitin Prasada, Minister of State in the Ministry of Commerce & Industry and Electronics and Information Technology.
Gautam Aggarwal, Division President, South Asia at Mastercard, highlighted the significance of the partnership, saying, ‘Mastercard’s comprehensive approach to security gives its partners and customers deeper visibility into cyber risk and greater adaptability and resilience, protecting their systems through the latest AI technology. The company is delighted to collaborate with CERT-In to fortify India’s financial digital ecosystem, which has powered unprecedented growth in the country.’
As part of the MoU, CERT-In and Mastercard will hold joint training programs and workshops to address the latest market trends, best practices, and innovative solutions in cybersecurity. Additionally, both entities will actively share relevant cyber threat trends, technical information, threat intelligence, and vulnerability reports to reinforce the security framework of India’s financial sector.
