On banks as targets

C.N. Ram, HDFC Bank: Banks are the most trusted entities. We are also the most vulnerable. In India today, while we are way ahead, clearly, due to the lack of

On broadband penetration in India

Sumit Chowdhury, Reliance: Broadband penetration is still low in India. Voice and SMS continue to remain the killer applications. However, wireline is still not

Shailesh B. Patni, NCDEX: NCDEX has a proper trading platform and trusted users. They are coming into our network from point-to-point and terrrestrial links. We know all of their identities. So, in that sense, we are secure.

Ultimately, the user has to come to the exchange. We have implemented static IP, and also make use of complex passwords to manage security.
On manageability of IT assets

Shailesh B. Patni, NCDEX: As regard to manageability of IT assets, we have to live in a heterogenous environment. You can standardize and simplify. You can also do capacity management.

Sumit Chowdhury, Reliance: Yes, we also have to live with the heterogenous environment. For example, we have six different types of SAN, but are able to live with those.

On multiple vs. single vendors and manageability issue

Sumit Chowdhury: There is a need to come to a common way of managing. We know how to manage servers, etc. We know the complexities that we are managing.

C.N. Ram, HDC Bank: It is like homeopathy. You see the organization and give the medicines, by tailoring.

On telecom fraud, fraud and security

Sumit Chowdhury: The most important frauds happen on the telecom side. People can convert money into telecom minutes. There is a market for buying stolen credit cards for using telecom minutes. The data center is the last place people will come to steal data.

Our dealers come in via the VPN. We know who they are, without using static IP. To take on external threats, security is built in. To manage internal threats, that's what SOX would require you to do. A whole lot of controls come in via processes.

C.N. Ram: We too have thousands of auditors out there, but even then, frauds do happen. We have to manage security.

On challenges for Reliance

Sumit Chowdhury: We have made most of our transactions prepaid. However, some small people still beat them! It's a cat-and-mouse game. More security solutions are coming in. Our Blackberry now allows full trading. You can also remotely wipe out the trading. It's a combination of education, processes, technology and people -- you have to hit the market in all of these ways.

Vishal Dhupar, Symantec: It is much more important to take all of these lessons and imbibe them. In the midst of security, we sometimes forget the infrastructure. Infrastructure needs to be there as well, and needs to be protected.

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