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- Advisory or policy news by ETCISO (The Economic Times)RBI urges banks to enhance cybersecurity amid rising attacks on financial institutions
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RBI urges banks to enhance cybersecurity amid rising attacks on financial institutions
The Reserve Bank of India has directed banks to bolster cybersecurity amid rising threats. The article cites a data leak at State Bank of India and significant losses at non-bank lenders from unauthorised transactions following breaches, and says the RBI wants compliance with existing rules and attention to AI-related risks.