Linking of bank accounts with Aadhar to check Benami properties: Prasad

ANI  |  New Delhi [India] 

The mandatory linking of all accounts with Aadhar cards has been done by the to check benami properties, fake accounts and corruption, said Ravi Shankar Prasad, Union Minister of Electronics and and and Justice, on Tuesday.

Prasad said Aadhar card is safely encrypted and there is nothing to worry about the safety of personal information as it governed by laws passed by the and any violator would face strict punishment, ranging up to even seven-year imprisonment.

Prasad was speaking at the Ministerial panel of the CyFy2017, the fifth edition of the conference on cyber security and internet, organised by Observer Research Foundation here today.

The minister described how linking of Aadhar and accounts have enabled to empower the poor through direct benefit transfers (DBTs), avoiding middlemen, and disconnection of 30 million fake gas connections. "governance is good governance," he remarked.

He said the world offered both opportunities and challenges and we should try to enforce laws to avoid accidents and abuses in the information highways as we do in the highways.

He said the world should not panic about the world, which is in fact a safe world, and instead all countries should work together to make it safe.

Prasad said he is seeing a huge surge in the economy with 5-6 startups daily and expected the economy to be around one trillion in less than five years.

He said while the Modi came power, there were only two factories in which manufactured mobile phones, but now there are more than 100 plants.

Delivering the keynote address, Mark Field, UK's Minister of State for Asia and the Pacific, Foreign and Commonwealth Office, said now cyber attacks have become a big global industry, which is worth more than 400 million.

Like Prasad, he also stressed the need for all countries to strengthen cooperation to make cyberspace safe and its security foolproof.

ORF Chairman Sunjoy Joshi underlined the need for providing access to all, especially poor, at an affordable price.

The two-day conference will see around 130 speakers, mostly from abroad, and cyber stakeholders address the fourth edition of the Cyfy, a regular and prominent feature in India's cyber discourse.

Former Prime Minister of Sweden and Special Representative, Global Commission on the Stability of Cyberspace, Mr Carl Bildt, former Minister of Foreign Affairs, the Netherlands, and Commissioner, Global Commission on the Stability of Cyberspace, Mr Uri Rosenthal, Mr Sanjay Kumar Verma, Additional Secretary, Ministry of External Affairs, Mr. Alex Stamos, chief security officer of Facebook, Mr. Colin Crowell, head of global public policy, Twitter, Mr. Rajiv Kumar, Vice Chairman, NITI Ayog, are some of the speakers at the sessions.

The keynote addresses will be delivered by Mr. Ajay Prakash Sawhney, Secretary in the Ministry of Electronics and Information Technology; Mr. Rajeev Chandrasekhar, Member of Parliament, and Mr Gulshan Rai, National Cybersecurity Coordinator, Prime Minister's Office.

The conference is having sessions on 'The big questions: Technology, security and society'; 'No man's LAN: The militarisation of cyberspace'; 'War and peace in the age'; 'Predatry data: Gender and tech'; 'Harvesting the cloud'; 'Blue, while and chrome: The future of work'; 'Chasing Unicorns: The startup generation'; 'vulnerabilities: Capacity building for tracking cyber crime'; 'The new code war'; 'Command and CTRL: Emerging Regime on Lethal Autonomous Weapons'; 'Encryption: The end of surveillance?'; 'Unbundling 'Convergence'; 'Information operations'; 'Security through identity'; 'Dangerous disclosures: Cyber security incident reporting'; 'Securing the economy'; 'Hearts and minds: Countering extremism through media' and 'Radical narratives: Countering violence outline'.

This year's edition of CyFy will wind up on October 4 with conversation with Information Minister Smriti Irani.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 03 2017. 18:53 IST