Prime Minister Narendra Modi on Sunday said wars are fought not only conventionally but also by attacking economies, as he emphasised the need to protect India’s banking system and digital infrastructure from ‘cyber terrorists’ and emerging challenges.

Amid growing concerns over cyber fraud and digital threats as India’s digital payments ecosystem expands, Modi, while addressing a gathering in Bhubaneswar while inaugurating the RBI Data Centre and Cybersecurity Training Institute, said: “We all know that wars today are not fought with weapons alone. A country can also be weakened by attacking its economy. As India grows stronger economically, safeguarding our banking system against cybercriminals and cyberterrorists has become equally essential”.

On emerging cybersecurity challenges, Modi said the nature of cyber threats was evolving rapidly and could not be tackled with outdated systems, traditional training methods and old training tools.…