RBI Demands Proof of Cyber Compliance from Banks Amid Rising Attacks
The Reserve Bank of India has turned its attention to strengthening cybersecurity standards across the banking sector as attacks on financial institutions increase. Banks are now required to reinforce their application programming interfaces to prevent possible security breaches. The move follows recent incidents, including data leaks and unauthorised transactions that affected major banks. These events have prompted concern among regulators and the public about the sector's readiness. The RBI's push signals a tighter oversight stance on digital security in banking.
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