RBI urges banks to enhance cybersecurity amid rising attacks on financial institutions
POLICYredteam/daily · 1 source
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What happened
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.
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What to do
- Banks should strengthen their cybersecurity measures and comply with existing RBI regulations.
Written by AI from the sources, checked against them
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Who reported · 1 outlet
ETCISO (The Economic Times)