In the name of technology adoption, while banks are proactive in procuring various latest gadgets, what we observe across institutions is that the configurations of such devices are seldom given sufficient importance and left to the vendors. Vulnerabilities exist in hardware, middleware, software, OS, applications, network devices, communication devices etc.
Also, the growth of this sector has remained lopsided, as many still do not have access to finance due to low financial literacy rate. 11.