RBI intensifies scrutiny of banks' cyber defenses amid AI threats
The Reserve Bank of India (RBI) has increased its oversight of banks' cybersecurity due to rising AI-driven cyberattacks targeting financial infrastructure. RBI is demanding proof of compliance with existing rules and details on preparedness for AI-related risks. It has urged banks to investigate vulnerabilities in APIs connecting them with non-bank lenders and fintechs, highlighting concerns over weaker targets among smaller lenders and third-party vendors.
Business Standard·


