The Indian Institute of Technology Madras (IIT Madras) has collaborated with IDBI Bank to launch a Cybersecurity Lab to develop and deploy security solutions in sectors such as healthcare, fintech and aerospace, among others.

The lab will focus on creating market-ready IPs in cybersecurity, productization and commercialization of research work, especially for mobile technologies.

This lab will focus on cybersecurity in systems deployed in industries such as banking, automotive, power and telecommunications, among others, and undertake experimental evaluation and assessment exercises.

Researchers will also develop test cases for testing, carry out vulnerability assessments, and help devise hardening guidelines. It would help Enterprise Systems in managing cybersecurity risks in real-time.

Rakesh Sharma, Managing Director and Chief Executive Officer, IDBI Bank, said, “We want to proactively combat cyber threats and ensure the security of data and information. We are optimistic that through such initiatives, we can together enhance our ability to anticipate, identify, and neutralize potential threats building a more secure environment for all.”

Prof V Kamakoti, Director, IIT Madras, said, “Finance sector being a critical information infrastructure that forms the foundation of the economy of our Country is facing an increasing number of cybersecurity challenges on a day-to-day basis. It is very important to continuously keep studying the threat landscape and come out with effective proactive protection mechanisms.”

Through this lab, the researchers aim to design and implement solutions that address security concerns from a holistic end-to-end perspective, ranging from fundamental problems in theory to practical system building to exploiting leakages and mounting implementation­-based attacks to lab would provide a platform for research students and would foster cybersecurity thinking in undergrads with the help of online programs, capture the flags (CTFs), hackathons, and projects.

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