Relevance and Applicability of Cybersecurity Frameworks in the Context of BFSI Vertical in India

The Banking, Financial Services, and Insurance (BFSI) industry is essential in a digitally driven world, making it a prominent target for cyber-attacks. The adoption of strong cybersecurity frameworks is necessary to protect with these growing threats. This study offers an analysis of several cybersecurity frameworks, assessing their applicability to the dynamic threat environment of consequently with an emphasis on the BFSI industry. The study aims to comprehend that Industry 4.0 is used and implemented in Indian businesses, with a focus on the BFSI industry, to increase the businesses’ productivity, efficiency, and competitiveness. The primary objective of the core support of Industry 4.0 into the BFSI sector have Cybersecurity. This support has been used to evaluate the business. According to the results of this study, a small number of organizations have undergone that utilizing Industry 4.0 technologies and processes. Five different levels of maturity have been evaluated. The conclusions have been created for an investigation and are based on sparse data regarding implications. Despite this can be serving as a foundation for understanding the industry 4.0 technologies and approaches used in businesses sector. As a result, the study’s utility depends on the fact that it is one of the recent studies that offer a perspective on the use and application of Industry 4.0.