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Banks should fortify cyber security as fraud cases rise: RBI

by AIP Online Bureau | Nov 23, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

RBI Deputy Governor Rajeshwar Rao said that bank customers today are facing a threat from technology induced frauds such as fraudulent apps, breach of privacy and deep fakes Mumbai: The RBI on Thursday said that the banks should focus on fortifying cyber security and...

Cyber experts express concern about data security in India

by AIP Online Bureau | Oct 23, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Digital Personal Data Protection (DPDP) Act, 2023 has instilled more confidence among multi-national corporations (MNCs), though they have been concerned about security in India, Businesses are always shy about sharing information that is critical for protecting...

Coal secy stresses on importance of cyber security, says threats are more sophisticated

by AIP Online Bureau | Oct 16, 2023 | Eco/Invest/Demography, Indian News, Policy

The coal ministry organised the workshop to sensitise the PSUs and organisations under its administrative control about current cyber security challenges and adapt and implement best practices in their organisations New Delhi: Coal Secretary Amrit Lal Meena on Friday...

RBI slaps Rs 5.39 crore penalty on Paytm PB for violating series of norms

by AIP Online Bureau | Oct 12, 2023 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology

The central bank also found non-compliance with certain provisions related to ‘RBI Guidelines for Licensing of Payments Banks’, ‘Cyber security framework in banks’ and ‘Securing mobile banking applications including UPI ecosystem’...
FM asks banks to adopt robust risk management practices and mitigating cyber security risks

FM asks banks to adopt robust risk management practices and mitigating cyber security risks

by AIP Online Bureau | Jul 9, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

Finance Minister Nirmala Sitharaman Some of the challenges highlighted during the meeting between Finance Minister Nirmala Sitharaman and heads of public sector banks included the declining share of market share in terms of advances, and low-cost deposit mobilisation...
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