RBI steps up scrutiny of Indian banks over rising AI-linked cyber fraud
POLICYredteam/daily · 1 source
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What happened
The Reserve Bank of India and cybersecurity agencies have warned of more cyberattacks that use artificial intelligence, and banks and fintech companies are facing closer scrutiny. Recent incidents involved unauthorised access to customer data and fraudulent transactions. Institutions are urged to strengthen security controls, particularly for their application programming interfaces.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Financial institutions should implement stronger security controls, particularly for their application programming interfaces.
Written by AI from the sources, checked against them
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Who reported · 1 outlet
ETCISO (The Economic Times)