This is in relation to the Reserve Bank of India's Notification dt. 23/10/2009, regarding -- Up-gradation of RTGS System to Windows 2008 --
The link to my Post on the same is @
Today, Reserve Bank of India, DIT, vide. Notification No RBI/ 2009-10/370
DIT (CO) Circular No. 7/09.63.08/2009-10 dt.March 30, 2010, has informed, that the process for finalisation of HSM(Hardware Security Module) has been completed.
The complete notification can be accessed @
What is HSM(Hardware Security Module)?
As I am not an expert on this issues, I QUOTE from Wikepedia
A hardware security module (often abbreviated to HSM) is a type of secure cryptoprocessor targeted at managing digital keys, accelerating cryptoprocesses in terms of digital signings/second and for providing strong authentication to access critical keys for server applications. They are physical devices that traditionally come in the form of a plug-in card or an external TCP/IP security device that can be attached directly to the server or general purpose computer.
The goals of an HSM are
(a) onboard secure generation,
(b) onboard secure storage,
(c) use of cryptographic and sensitive data material,
(d) offloading application servers for complete asymmetric and symmetric cryptography.
HSMs provide both logical and physical protection of these materials from non-authorized use and potential adversaries. In short, they protect high-value cryptographic keys.
UNQUOTE
The highlights of today's RBI-DIT Notification are
01) The rate for the new HSM is fixed.
02) A buy-back option also has been negotiated by RBI-DIT.
03) The AMC rate also has been negotiated.
04) A 1year warranty is also there.
05) The Migration Plan has to submitted by the Banks to RBI-DIT by 15th April, 2010
I personally feel, that as all the pricing details have been negotiated, the Bank Approval authorities, should be able to clear the Budgets for this activity, without much discussion.
This makes life easier for all the concerned.
To me the best part, is the email link in the Notification. This reflects the customer-friendly face of RBI-DIT.
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