RBI – Securitydive

RBI Warns of License Cancellation for Non-Banking PSOs Lacking Robust Cybersecurity Measures

admin1 month ago05 mins

The Reserve Bank of India (RBI) has unveiled new master directions on cyber resilience and digital payment security controls specifically for non-bank payment system operators (PSOs). According to the RBI circular, PSOs must establish a board-approved information security policy to address potential information security risks across all applications and payment system products. This policy is…

Need proactive Risk Mitigation measures to tackle Cyberattacks: RBI

admin4 months ago03 mins

RBI deputy governor Swaminathan J said the potential impact of a cyberattack on a bank’s operations, reputation, and financial stability cannot be “overstated”, as he emphasised the need for proactive risk mitigation strategies. Speaking at the Conference of Heads of Assurance of Urban Cooperative Banks here on Thursday, the deputy governor said that in the…