CBDC - New Kid on the Block: Security Risks and Response
With the RBI announcing its central bank digital currency (CBDC) pilot project, steps need to be taken not only to scale the infrastructure but also to secure it. However, there still are many unanswered questions. Do we have to build everything from the scratch or can existing security infrastructure be leveraged? How are CBDCs different from UPI? How will the government build trust for mass adoption of this project and what are some of the bottlenecks?
This session will deep dive into the changing nature of banking, including the risks and the security innovations, to support organizations in protecting the transactions ecosystem and establishing digital business.
The session will cover:
- CBDCs as a conditional secure payment service
- Using blockchain in securing the digital payments system
- Security-by-design approach to secure CBDC
