J&K Bank’s robust security system foiled all cyberattacks post Pahalgam attack, says CEO

Srinagar, Jul 28: Jammu and Kashmir Bank successfully thwarted a series of cyberattacks launched from Pakistan and other countries following the Pahalgam terror attack, thanks to its robust cybersecurity infrastructure, said the bank’s MD and CEO Amitava Chatterjee.

Speaking to PTI, Chatterjee revealed that multiple attacks targeted the bank’s digital systems within a day of the Pahalgam incident, which claimed 26 lives, mostly tourists. “The attacks came from all sides—neighbouring countries and beyond—but we managed to prevent any disruption to our applications due to our strong cybersecurity systems,” he said.

Highlighting the bank’s preparedness, Chatterjee said preventive measures had been activated as early as April 23. He added that the strength of J&K Bank’s cybersecurity setup has been recognised by the J&K government, which has now engaged the bank’s cybersecurity head as an advisor.

Chatterjee also noted that the Reserve Bank of India considers J&K Bank among the best in cybersecurity among its peers, and the Indian Banks’ Association (IBA) recently awarded the bank top honours in its category.

While acknowledging that the Pahalgam attack and Operation Sindoor affected the local economy—especially tourism and transport—Chatterjee said signs of recovery have emerged with the start of the Amarnath Yatra and Vande Bharat train service.

Despite the economic setback, he commended the borrowers’ discipline. “Slippages have remained below one percent. Even in troubled sectors, repayment behaviour has been commendable,” he said.

Chatterjee added that the bank has urged the government through the UT Level Bankers Committee to notify the affected areas as “disturbed” for banking purposes. “Once that notification is issued, we will be able to rephase loans and offer additional support to impacted borrowers,” he said.