India Unveils First-Ever Digital Threat Report 2024 for BFSI Sector: A New

In a bold step towards fortifying India’s financial ecosystem, the Ministry of Electronics and Information Technology (MeitY), along with CERT-In, CSIRT-Fin, and global cybersecurity firm SISA, has launched the country’s first Digital Threat Report 2024—specifically tailored for the Banking, Financial Services, and Insurance (BFSI) sector.

Launched in Delhi by top officials including Shri M. Nagaraju (DFS), Shri S. Krishnan (MeitY), and Dr. Sanjay Bahl (CERT-In), this landmark report paints a comprehensive picture of the current and emerging cyber threats facing India’s financial institutions. And more importantly—it serves as a strategic playbook for staying ahead of these threats.

Why This Report Matters: A Quick Breakdown

It’s a wake-up call. India’s BFSI sector is undergoing rapid digital transformation. With digital payments expected to hit $3.1 trillion by 2028, cybercriminals have a bigger attack surface than ever before.
It’s collaborative. This isn’t just another dry report. It’s the outcome of joint efforts between national cyber watchdogs and industry leaders—bringing together real-world threat intel from SISA’s forensic investigations, CERT-In’s oversight, and CSIRT-Fin’s incident response experience.
It’s forward-looking. The report doesn’t just dwell on past attacks—it dives deep into emerging adversarial tactics, sector-wide vulnerabilities, and what financial institutions can do right now to stay ahead of the curve.

What Makes This Report Stand Out?

Real-world data from forensic cases and cyber investigations
Actionable recommendations across people, process, and tech
Insights into AI-driven attacks, regulatory complexities, and evolving fraud tactics
A holistic roadmap to long-term cyber resilience

The Digital Threat Report 2024 isn’t just another publication—it’s a call to action. As cyber threats become smarter, faster, and more complex, India is sending a clear message: our financial sector must evolve just as quickly.

At Forensics Digest, we believe this report marks a turning point in India’s cybersecurity journey—one where proactive intelligence, shared responsibility, and resilience are the new currency of trust.

Stay alert, stay informed, and stay secure.