2.Bank’s Accountability:The case highlights the necessity for banks to enforce stringent security protocols like 2FA effectively. Any lapses in these measures can expose banks to significant liabilities and damages. 3.Prompt Reporting and Vigilance: Customers are encouraged to report unauthorized transac...
This comprehensive guide covers everything you need to know about cyber security in banking in 2024. Stop cyber threats in their tracks!
Who audits cybersecurity? What are the types of cybersecurity? What are the 5 Cs of Cyber Security? Who regulates NBFC? What is the role of cyber security in banking? What is RBI Cyber security framework? What are the key principles stated in the RBI Master Directions for information techno...
RBI direct scheme, integrated ombudsman scheme, cyber swachhta kendra (botnet cleaning and malware analysis centre), National Cyber Coordination Centre (NCCC) and Security Monitoring Centre (SMC). Practical implications Structured and effective internal-led plans for cyber fraud mitigation proposed in ...
Summary: CERT-In’s Cybersecurity Guidelines For Government Entities Parliamentary Panel Reiterates Need For Ex-Ante Law, Urges Govt To Finalise Digital Competition Bill Use of AI for fraud detection in banks:Meanwhile, the Reserve Bank of India informed the Committee that AI is being use...
particularly e-Banking platforms. This study incorporates cybersecurity knowledge and awareness with the Technology Acceptance Model (TAM) to examine the association to usage intention among e-Banking users in India. Co-variance-based structural equation modelling (CB-SEM) was used to analyse the samp...
Learn the nitty-gritty of Indian cybersecurity laws in this blog post. Get a comprehensive understanding of the best practices & ensure a secure cybersecurity framework. Table of Content Increase in Cyber Attacks on Systems Why Cyber Crime Laws in India? Types of cyber crime act in India?
Health Entities in USA providing services or processing patient data must ensure that patient data is managed. RBI | SEBI | IRDAI Cyber Security Compliance Banks, NBFC, Micro Finance companies should manage their risks and annual compliance to Cyber Security framework and Threats. Cyber Threat ...
In 2013, a mysterious group of hackers that calls itself the Shadow Brokers stole a few disks full of National Security Agency secrets. Since the beginning of 2017, they’ve been dumping these secrets on the internet. They have publicly embarrassed the NSA and damaged its intelligence-gathering...
Hence, the need for banks to be cyber resilient is becoming more and more essential. Cyber resiliency of an organization depends on the IT infrastructure and cyber security measures undertaken; however, a prominent factor to achieve resilience depends on the employees. Confronted with this bleak ...