For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    RBI warns banks against increasing cyber attacks

    By Religare
    |
    RBI warns banks against increasing cyber attacks
    The Reserve Bank of India (RBI) on Wednesday asked banks to maintain an up-to-date information system (IS) amid increasing cyber attacks in the country.
     

    The central bank also asked banks to form Business Continuity Plans (BCPs) and test them periodically to see whether it covers all the policies, standards and procedures to ensure continuity, resumption and recovery of critical business processes.

    RBI said that BCPs should also ensure the impact of any disaster is limited on people, processes and infrastructure. BCP should contain steps taken to minimise the operational, financial, legal, reputational and other material consequences arising from such a disaster, the central bank said.

    To fight effectively with real disaster situations, RBI asked banks to conduct disaster recovery drills also.

    Read more about: rbi
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more