Indian Institute of Technology (IIT) Kanpur have taken the initiative to protect digital payments against cyber attacks. A system that will make Digital transactions safer will be developed on indigenous technology, so that people can make digital payments without any fear of losing money. An agreement has been signed between IIT Kanpur and National Payments Corporation of India (NPCI) for developing a system that serves this facility.
The MoU will put extra efforts in enhancing cyber security controls for products and services of NPCI and its subsidiaries. Experts from the Institute will together have informative sessions and deliver lectures for NPCI personnel on Cyber Security and present new trends in Artificial Intelligence (AI), Machine Learning (ML), Security Product Roadmap and Distributed Ledger Technology (DLT).
Whereas, NPCI will help IIT Kanpur students by providing more internship opportunities which will directly make them more experienced in working on live projects of NPCI. IIT Director Prof. Abhay Karandikar said that IIT Kanpur has been at the forefront of developing secure and innovative solutions for digital transactions as well as storage of data. The institute has CTHRI Hub, which is in process of developing full-fledged cyber security solutions and cyber physical systems.