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With Cybersecurity - It’s Better To Sweat In Peace Than Bleed During War: Ravinder Pal Singh, DellEMC India
At the 4th Digital India Summit and Awards by BW Businessworld, stalwarts from the digital sector gathered and discussed various aspects of Digital India
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At the 4th Digital India Summit and Awards by BW Businessworld, stalwarts from the digital sector gathered and discussed various aspects of Digital India. During the event, there was a presentation on Securing India’s Digital Transformation by Ravinder Pal Singh, Director- Digital Cities, Cyber Security & Healthcare (Public Sector), DellEMC India. This was posted the release of the YES Bank Report, “Open Government, Open Data: Re-imagining India” in the presence of the Chief Guest, Alphons Joseph Kannanthanam, Minister of State for Tourism, Government of India (Former Minister of State for Information and Technology).
“We will talk about securing digital transformation of India and tackling cyber terrorism. There are repercussions if don’t focus on data and cybersecurity. Our world is changing, and this changes how we interact with our ecosystem. Digital transformation is happening, and we are living in a cyber-world“, said Singh. He also added, “Life has become easier, but it has given us to the dark part of technology, which is cyber terrorism. But this doesn’t mean we have to stop using digital technology, but we have to make it more secure. James Comey, Ex-Director of FBI said that there are two kinds of companies, those who have been hacked and those who don’t know they have been hacked. There is a problem, there is a challenge, there is a risk, and we have to work together to mitigate that risk”. “We have a digital opportunity, which comes with digital risk. There is less time to defend as compared to the time it takes to attack, so it’s better to sweat in peace than bleed in war. The most critical data is to be protected first, which is protecting the heartbeat of the business. Prioritize top applications or data sets to protect. Cyber risks are everywhere, endpoints, application, network, cloud, data in motion, data at rest, cyber transactions. Securing your endpoint and core is very important”, added Singh.
Singh also went on to say, “When we talk about holistic cybersecurity, we are talking about protection end to end. Every aspect of a smart city also has to be secured. We cannot be lenient in securing the end and core points when securing smart cities. When it comes to security transformation, it’s about securing infrastructure, advanced security operations and risk management. There are multiple technologies to secure end to end, from the edge to the core to the cloud. Through security transformation, you can inspire trust with a resilient, adaptable and unified approach”.
At the event, there was also an Industry Presentation on ‘Digitization: From a ‘Mera option’ to a ‘National Revolution’ by Rinki Dhingra, Senior President & National Head, Government Banking, YES Bank.
“We are a home-grown, Indian bank, and we have grown tremendously in the past 14 years. We have digitization in our DNA and it will take us a long way ahead from here. YES Bank has adopted an innovating ART approach to digital banking, with alliances, relationships and technology. The only thing which can bridge our diversity is technology. India is well positioned to become the fourth largest economy in the world by 205, with a GDP growth of 7-8%. We have defined the 4 Ds of banking, which is development initiatives by the government, deregulation, demographics and disruptive technology“, said Dhingra.
She also went on to add, “India’s digital demographic is booming, people who don’t have toilets have mobile phones. YES Bank has a lot of digital initiatives to use digitization to connect with the consumer. We are now a technology company which also does banking. We are also working on the blockchain, Smart Box, Chatbots, Yes Secure, Yes Pay, Yes Money, UPI and API banking and many other digital initiatives. We have tried to use technology to make life easier for consumers. We are also trying to work closely with the government to address the market’s digital needs. We are working on food and agri-business, urban logistics and so on”. “We are also working in Maharashtra with the ASMITA scheme to provide sanitary pads to girls, and we have digitized the process, through mobile applications for Self Help Groups and the distributors. There is also a manufacturer portal for order tracking. We also have an Integrated Child Development Scheme. We will become digital India sooner than we anticipate. We also have a smart city solution, to pay digitally for civic amenities, parking and so on to make the life of a citizen much easier, and has been implemented in Nasik already by YES Bank. We are trying to scale it up and replicate it across states”, added Dhingra.
She also went on to add, “We have a YES Bank Cashless Campus Solution for hospitals and educational institutes. We have a ePDS Solution, where the Program Manager aggregates services and provides wallet including limit management, and we have made it easier for Kirana stores to carry transactions and even source goods better”.