Posted inAadhaar / Bank / News

Banks question UIDAI decision to appoint Deloitte as only agency for information security audits

The decision of the Unique Identification Authority of India (UIDAI) to appoint Deloitte as the only agency to do mandatory audits of Information Security (IS) in banks, financial institutions and telcos using the Aadhaar-based authentication regime, has attracted flak from bankers.

As per the UIDAI, Deloitte would perform the assessment once a year and a fixed fee of ₹1,94,700 a unit is to be paid by ecosystem partners to Deloitte for conducting the mandatory IS audit. Banks will also need to pay for the travel, boarding and lodging of Deloitte officials, the communique said.

According to bankers, not only are the specified costs too high, the UIDAI’s move has also created a monopoly situation for the firm. Some of the smaller lenders like cooperative banks have described the mandate as unjust and unwanted.

— source thehindu.com July 12, 2018

this govt is a salesmen for UK/US private companies.

Leave a Reply

Your email address will not be published. Required fields are marked *