Suryaa National Desk: Surya National & Financial Bureau, New Delhi/Mumbai: Wars in the modern era are not fought only with conventional weapons, economic warfare is the... Surya National & Financial Bureau, New Delhi/Mumbai: Prime Minister Narendra Modi has warned that wars in the modern era are not fought with conventional weapons alone, economic warfare is becoming the most dangerous challenge to the sovereignty of nations. The Prime Minister delivered the keynote address at the conference after inaugurating the new Green Field Data Center and Enterprise Computing & Cyber Security Training Center set up under the auspices of the Reserve Bank of India (RBI). He directed the financial sector on the need to protect the country's financial security and digital sovereignty.
Changing Modes of War – Threat to Economic Systems: Prime Minister Modi disclosed several key points while referring to the changing geo-political situation around the world. It is clear that there is a risk of attacks targeting countries' banking networks, payment systems and financial data ahead of armed conflicts at borders. He said that by undermining the financial stability of a country, conspiracies are going on to bankrupt the country, and to effectively prevent this, our financial infrastructure should be under the highest security. RBI's new data center – a new milestone in data security: The prime minister praised the state-of-the-art data center set up by RBI as playing a vital role in adapting the Indian financial sector to future challenges.
He said that the data and records of financial transactions of our citizens should be kept as safe as possible within the borders of the country, for which green computing and artificial intelligence based cyber security systems should be used. At a time when Digital India is expanding rapidly, Prime Minister Modi has made it clear that the first duty of national security is to protect the financial information of every citizen from hackers and cyber gangs of enemy countries.