Banking Frontiers - - Cover Story -

The CISOs were queried on the rates at which in­for­ma­tion se­cu­rity bud­gets are in­creas­ing among BFSI com­pa­nies. Gupta main­tained that the growth in the 10%20% range per an­num. The com­po­nents that rise at the fasted rate, ac­cord­ing to him are tech­nol­ogy, ser­vice and ATS and fre­quent hard­ware, op­er­at­ing sys­tem and soft­ware up­grades.

Sen of Band­han Bank and Mishra of IDBI Fed­eral Gen­eral In­sur­ance too felt the growth is at 10% to 20% level and tech­nol­ogy is the ma­jor com­po­nent that con­trib­utes to the in­creas­ing ex­penses. The CISO from the un­named pub­lic sec­tor bank said he ex­pects the rate of in­crease is 20%-30% per an­num and salary, tech­nol­ogy and ser­vice were the com­po­nents that con­trib­ute most to the in­crease.

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