GRC tools high on HDFC Bank’s infosec priorities for 2011
Date: Dec 14, 2010Automation of governance, risk and compliance has been identified by HDFC Bank as its top information security priority for 2011. While discussing his list of information security priorities, Vishal Salvi, the CISO of HDFC Bank informs that the bank is looking at acquiring a GRC tool for bringing automation into the processes of risk assessment, management and mitigation.
Apart from GRC tools, HDFC bank plans to further strengthen its identity and access management practice in 2011 with a special focus on user ID lifecycle management, achieve PCI-DSS certification for the bank’s infrastructure, as well as invest in solutions for data protection (such as digital rights management and encryption). Although Salvi is unable to provide exact figures, he expects security spending to be around 3% to 7% of HDFC Bank’s total IT budget.
Join Dhwani Pandya of SearchSecurity.in, as she interviews Vishal Salvi for an indepth view into HDFC Bank’s infosec priorities and challenges for 2011.
