Cybersecurity upgrade for cooperative banks planned
The Yogi government will upgrade cybersecurity in 50 cooperative banks across Uttar Pradesh with support from TCS, Wipro, and NABARD. A ₹10 crore budget will back cloud integration, cyber safety training, and public awareness to boost banking security and trust. Lucknow: The Yogi government plans to outfit 50 district cooperative banks and Uttar Pradesh Cooperative Bank Limited with cutting-edge cybersecurity equipment as a significant step toward modernising and safeguarding the state’s cooperative banking network. These banks will be onboarded onto a cloud platform based on the core banking system (CBS) as part of this project, guaranteeing the total security and transparency of all consumer transactions. Prominent IT companies like TCS and Wipro will assist in putting this ambitious project into action. By providing cutting-edge solutions for data security, server administration, and cyberattack prevention, these businesses will contribute to the strengthening of the cooperative banking system. Additionally, NABARD will support the initiative by offering financial assistance, technical help, training, and monitoring. The goal is to increase the security, resilience, and consumer trust of all cooperative banks. The Yogi government is starting a public awareness campaign about cyber safety in addition to putting in place a strong technological defence. Customers of banks will receive education on how to guard against cyber fraud, where to report incidents, and safe practices. Digital media, gram panchayats, and bank offices will all be used for awareness campaigns. For the fiscal year 2025–2026, the state government has allocated Rs. 10 crore in special budgetary funds to guarantee the successful execution of this plan. Establishing technical infrastructure, improving server security, holding training sessions, increasing cyber awareness, and integrating services with the cloud platform are all planned uses for this grant. This project will strengthen district cooperative banks’ financial stability in addition to enhancing cybersecurity. It is anticipated that increased public trust in the cooperative banking industry will result from improved technology infrastructure and more transparent services, which will raise deposits and credit disbursements.