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Dr. Onkar Nath, chief - information security of Central Bank of India, informs that transactions and operations taking place at the bank need to happen in a controlled manner. Although the bank has sufficient security controls, it's difficult to keep track of generated logs. "Any lapses or breaches in these security systems will generate real time alerts. The security operations center will help us analyze logs in real time," says Nath. This security operations center will have dedicated hardware, specialized software as well as skilled personnel to aid centralized analysis of firewall, antivirus and intrusion detection system (IDS) logs. It will be able to generate high, medium or low alerts according to criticality of the situation. It will also keep tabs on internal threats.
Central Bank of India plans to outsource the security operations center mainly due to lack of expertise and resource crunch. "Only technology operations will be outsourced, whereas management remains with us. We will receive updates on a continuous basis, and the action required on particular alerts will be decided by us," informs Nath. The bank also plans to get security dashboards from the managed service provider. The security operations center's first phase will cover perimeter security. Tender amount for this project will be decided soon by Central Bank of India's management.