This message has been widely circulated earlier as well, and has been debunked in the past, too. ATMs in the country will continue to operate normally, and online transactions are not at risk.
However, in light of the recent tensions and the conflict between India and Pakistan, Finance Minister Nirmala Sitharaman will soon be assessing the cybersecurity preparedness of India’s financial institutions. Banks in the country have already been asked to stay on high alert and strengthen their digital security measures as India's conflict with Pakistan escalates.
The meeting with banks will happen in the evening on Friday, 9 May in the wake of heightened concerns for critical banking infrastructure.
Vijender Yadav, Co-Founder and CEO, Accops, said, "These hybrid threats exploit public sentiment and digital exposure, often aiming at critical infrastructure and public-facing platforms.
The positive shift, however, is clear: Indian institutions are now better prepared. There's a strong move toward identity-centric, context-aware security — underpinned by multi-factor authentication, zero trust access, and real-time monitoring."
Dhiraj Udapure, VP- Technology and Business Development, SCS Tech, added: "The prophylactic steps we take today—whether in digital infrastructure, monitoring capabilities, or citizen awareness—will not only help us withstand such incidents but also manifest into stronger national resilience. In times of escalation, these foundations can be the difference between disruption and stability, confusion and control."