RBI Demands Cybersecurity Compliance Proof from Banks Amid Rising Attacks
The Reserve Bank of India has intensified its focus on cybersecurity due to rising cyberattacks on financial institutions. Banks must now strengthen their application programming interfaces (APIs) to prevent security breaches. Recent incidents involving data leaks and unauthorized transactions at major banks have heightened concerns, prompting RBI to seek proof of compliance with enhanced cybersecurity protocols.
TOI Business·



