RBI Asks Banks to Conduct Periodical Vulnerability Test

Posted By: Religare
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    The Finance Ministry has said that cyber security preparedness is a continuous activity and the RBI has asked banks to periodically conduct vulnerability test.

    RBI Asks Banks to Conduct Periodical Vulnerability Test

    Commenting on the issue, Minister of State for Finance Santosh Kumar Gangwar told the media, "The RBI has issued Cyber Security Framework in Bank to help them deal with any future cyberattacks."

    According to the Reserve Bank, 'WannaCry' ransomware attacks were reported from banks during May and June this year and a few computers in two bank branches and one ATM unit were impacted "though no data loss was reported".

    "The RBI had issued advisories to banks in relation to ransomware attacks, regarding application of relevant patches in and update of anti-virus software for all systems," the minister said.

    Gangwar further said the RBI has apprised that the performance of banks in this regard is closely monitored through both on-site and off-site assessments.

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