Standing Committee on Cyber Security

Reserve Bank Establishes an Inter-disciplinary Standing Committee on Cyber Security

Question: Who among the below has been appointed as the chairman of Inter-disciplinary Standing Committee on Cyber Security recently set up by The Reserve Bank of India?
(a) S. S. Mundra
(b) Meena Hemchandra
(c) Dr. Viral V Acharya
(d) Dr. Nachiket M Moore
Ans: (b)
Related Fact :

  • On 28th February, 2017, The Reserve Bank of India set up an Inter-disciplinary Standing Committee on Cyber Security under the chairmanship of Meena Hemchandra (Executive Director, RBI).
  • The Committee on Cyber Security will review the threats inherent in the existing/emerging technology; study adoption of various security standards/protocols; interface with stakeholders; and suggest appropriate policy interventions to strengthen cyber security and resilience.
  • The formation of the standing committee comes in the light of the recommendations of the Expert Panel on Information Technology and Cyber Security headed by Meena Hemchandra that was formed by the central bank.
  • The RBI has also instructed banks to mandate cyber security preparedness for addressing all cyber risks at their end as well.
  • Reserve Bank of India had announced the formation of a committee on Cyber Security in its sixth bi-monthly policy statement for 2016-17 released on 8th February, 2017.

Reference:
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=39683
http://paisa.khabarindiatv.com/article/rbi-sets-up-inter-disciplinary-standing-committee-on-cyber-security/
http://economictimes.indiatimes.com/news/economy/policy/rbi-announces-setting-up-of-standing-committee-on-cyber-security/articleshow/57039290.cms