RBI red flags increased risk of cyber attacks, digital frauds and data breaches
- Posted on December 26, 2024
- By Business News Today
- 3 Views
RBI red flags increased risk of cyber attacks, digital frauds and data breaches
The Reserve Bank of India (RBI) highlighted increased cyber risks due to digitisation and called for stronger risk management, IT governance, and transaction monitoring in banks and NBFCs. It noted the rise in digital frauds and mule accounts, urging coordination with law enforcement to mitigate these risks.
