Union Bank launches ethical hacking lab in Hyd to guard against cyber threats

Hyderabad: The Union Bank of India on Friday inaugurated its 'Ethical Hacking Lab' at the Cyber Security Centre of Excellence (CCoE) in Hyderabad. The aim is to build cyber defence mechanism to safeguard the bank's information systems, digital assets, and channels against potential cyber threats.

The Ethical Hacking Lab was inaugurated by A. Manimekhalai, MD and CEO of Union Bank of India, in the presence of executive directors Nitesh Ranjan, Rajneesh Karnatak, and Nidhu Saxena.

Stating that Union Bank is adopting digital products in a big way, bank CEO A. Manimekhalai said, "Various new initiatives are being taken by the bank to increase digital footprints. The IT assets are increasingly exposed to the internet. In this backdrop, our bank has established the Ethical Hacking Lab to strengthen the cyber ecosystem. This is an important milestone as we take our cyber security journey ahead to secure digital banking experience."

Union Bank's Cyber Security Centre of Excellence (CCoE) in Hyderabad is in the process of establishing multiple cyber security centres to strengthen the bank's security posture and collaborate with cyber defence industries, government bodies, etc., for implementing new technologies.