Sahakar Suraksha: First Cooperative Bank Cyber SOC
Why in the news
MSC Bank inaugurated a dedicated cyber defence hub to protect rural and cooperative banks, a first for the sector.
Key facts
- Name: Sahakar Suraksha (C-SOC), at Vashi, Navi Mumbai.
- Cost: ₹50 crore; team: 35 professionals.
- Coverage: 31 DCCBs, no charge.
- Its early warning helped stop a major attack on a Sindhudurg cooperative bank.
- Over 1 million attacks have hit cooperative banks; some losses reached ₹50 crore.
Support services
- Staff cyber hygiene training, security audits, policy and compliance help.
- Helps meet RBI guidelines and Supreme Court mandates on protecting depositor funds.
Significance
Can serve as a model for other states.