The cybersecurity lab will develop and implement security solutions in crucial sectors such as healthcare, fintech and aerospace, among others, IIT Madras said.

The lab will focus on creating market-ready intellectual properties (IP) in cybersecurity, productization and commercialization of research work, especially for mobile technologies, IIT Madras added.

The lab was inaugurated on the IIT Madras campus on Tuesday by Rakesh Sharma, Managing Director and CEO of IDBI Bank, in the presence of Professor V. Kamakoti, Director of IIT Madras and other officials.

With the rapid growth of Internet connectivity and automation, many critical sectors such as banking, finance and insurance, transportation, government, energy and telecommunications, and public and strategic enterprises are heavily dependent on technologies. of information and communication. This has caused an explosion of cyber attacks on these infrastructures by hackers.

The lab would focus on cybersecurity in systems deployed in industries such as banking, automotive, energy and telecommunications, among others, and would conduct experimental screening and assessment exercises. Researchers would also develop test cases for testing, conduct vulnerability investigations, and help design hardening guidelines. It would help Enterprise Systems manage cybersecurity risks in real time, IIT Madras said.

“This initiative is a testament to IDBI Bank’s commitment to proactively combat cyber threats and ensure data and information security. We are optimistic that through such initiatives, together we can improve our ability to anticipate, identify and neutralize potential threats, building a safer environment for all,” Sharma said.

“The financial sector, being a critical information infrastructure that forms the foundation of our country's economy, faces an increasing number of cybersecurity challenges on a daily basis. It is very important to continually study the threat landscape and develop effective proactive protection mechanisms. This joint effort between IIT Madras and IDBI is very timely and we aim to comprehensively address the security challenge,” Kamakoti said.

The I2SSL, IIT Madras, plans to ingeniously design systems for critical applications such as hardware firewalls, point-of-sale devices and mobile banking. Security would be achieved using memory-safe languages, tagged architectures that provide fine-grained access control, memory encryption, and a homegrown trusted platform module (TPM).

According to IIT Madras, in the area of ​​cryptography, researchers will work on developing hardware accelerators for crypto-primitives, including symmetric and asymmetric key cryptography, as well as post-quantum cryptography.