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Govt. tags ICICI Bank's IT resources as 'critical information infrastructure'

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Govt. tags ICICI Bank's IT resources as 'critical information infrastructure'

The Ministry of Electronics and IT (MeitY), in a notification, declared the IT resources of the ICICI Bank as critical infrastructure under Section 70 of the IT Act, 2000.

About Critical information infrastructure

  • As per the Act, it means a computer resource, the incapacitation or destruction of which, shall have debilitating impact on national security, economy, public health or safety.
  • Punishment/Fine under the act: Any person who secures access or attempts to secure access to a protected system in contravention of the provisions shall be punished with imprisonment of a term which may extend to 10 years and shall also be liable for a fine
  • National Critical Information Infrastructure Protection Centre (NCIIPC) has identified the following as ‘Critical Sectors’: –
  • Power & Energy
  • Banking, Financial Services & Insurance
  • Telecom
  • Transport
  • Government
  • Strategic & Public Enterprises
  • Other entities included in it: the control system of all the electricity, oil, airports, railways, metros and transport systems

Significance of the declaration

  • The declaration of IT resources of a private money lender as Critical information infrastructure is significant as the incidents of sophisticated cyber attacks have increased in recent times.

Exam Track

Prelims takeaway

  • Critical information infrastructure
  • National Critical Information Infrastructure Protection Centre (NCIIPC)
  • IT Act, 2000

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