PEC AT WORK ON SOFT­WARE FOR BANKS

Hindustan Times (Chandigarh) - Live - - FRONT PAGE -

KOLKATA: Pun­jab En­gi­neer­ing Col­lege (PEC) Univer­sity of Tech­nol­ogy is de­vel­op­ing a soft­ware to en­sure se­cu­rity of in­for­ma­tion that banks use, un­der guide­lines is­sued by the Re­serve Bank of In­dia (RBI).

The project is be­ing funded by IT ma­jor IBM In­dia and PEC is work­ing on the tech­nol­ogy devel­op­ment for the project. “The project is aimed at pro­tect­ing in­for­ma­tion re­lated to risk as­sess­ment be­fore any bank de­cides on in­ter­nal poli­cies,” Divya Bansal, as­so­ciate co­or­di­na­tor of Cy­ber Se­cu­rity Re­search Cen­tre at PEC Univer­sity, said here on Wed­nes­day. She said the project would take lessons from in­for­ma­tion se­cu­rity pos­ture ex­pe­ri­enced by the banks and pre­pare a “risk pri­or­ity num­ber”.

“It will be a sim­pli­fied in­ter­face for banks to pro­tect in­for­ma­tion on risk as­sess­ment and sug­gest so­lu­tions. The soft­ware will be devel­oped fol­low­ing the guide­lines stip­u­lated by the RBI,” Bansal told re­porters here.

IBM and PEC will jointly or­gan­ise a con­clave for the In­dian bank­ing in­dus­try in De­cem­ber. “The con­clave will cre­ate a plat­form for the bankers to share their views on the par­tic­u­lar sub­ject with the re­searchers. It will help us know the in­ter­nal prob­lems faced by the bankers while cal­cu­lat­ing risks,” she said.

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