Meet the 25-year-old ethical hacker who is going to guard your money transactions


The Unified Payments Interface (UPI), an app through which RBI and major banks are creating a mini-bank on your smartphones, is in safe hands now.

Ethical hackers have been roped in to protect the UPI from any cyber threats. One such person is a 25-year-old who is going to make sure no criminal fiddles with the app.

Meet Saket Modi, whose company Lucideus Tech has been hired as one of the cyber security specialists.

“UPI isn’t a step but a leap forward. It will set a new benchmark for the world to follow. We feel proud and privileged to contribute our bit and be a part of this revolution,” Modi, CEO of Lucideus, told ET from London.

He has been working on the UPI for three months and will continue to do for next couple of years.

Through UPI, which is developed by the National Payments Corporation of India (NPCI), customers will be able to transfer money from one account to another without adding the beneficiary, also saving themselves from punching in IFSC code, account number or bank’s branch name.

“There are multiple layers of security checks implemented when any transaction occurs on a bank’s mobile application using UPI. This is not just in between the user and the app but also between the banks, merchant and the UPI engine,” Modi told ET.

Not only is he assisting the UPI project, Modi is also working with many billion-dollar startups in India.

Around 19 banks will join the UPI platform.

N Rajendran, Chief Technology Officer, NPCI told ET, “NPCI systems are secured with state of the art security infrastructure with continuous monitoring and best practices. NPCI follows integrated approach to protect various NPCI product’s infrastructure and engages with various external information security industries for building secured products for the payments ecosystem.”


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