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CYBERSECURITY GUIDELINES RBI
India's cybersecurity talent gap grows as skills prove hard to findIndia faces a critical cybersecurity talent shortage, with nearly 39,000 unfilled positions, especially in emerging fields like IoT and blo...
RBI in talks with global regulators, banks to review Mythos risks, sources sayIndia's central bank is actively engaging with global counterparts and local institutions to assess potential cybersecurity threats from An...
Strongly positioned, country must shield against looming risks: RBIThe RBI reports a positive near-term economic outlook with low inflation, but warns of global uncertainties and rising cyber-enabled frauds...
Sebi clarifies on cybersecurity and cyber resilience frameworkSEBI has clarified that its cybersecurity framework applies only to systems exclusively used for regulated activities, accepting RBI-equiva...
Paytm shares surge 5% to 52-week high as RBI grants payment aggregator licence to subsidiaryPaytm Share Price: Paytm's parent company, One 97 Communications, saw its shares surge by 4.8% to a new 52-week high following the RBI's in...
Cybersecurity adoption measures: Sebi tells banks to share updatesSEBI has requested banks to provide updates on their progress in implementing the Cybersecurity and Cyber Resilience Framework (CSCRF). Ban...
RBI expands NBFC audit ambit to cover their service providersThe Reserve Bank of India is intensifying scrutiny of NBFCs' partnerships with fintech loan service providers (LSPs). RBI officials are dir...
Companies grapple with costs, complexity of overlapping cybersecurity lawsIndia's digital economy faces increasing compliance burdens due to overlapping cybersecurity laws from various regulatory bodies. Companies...
RBI has found A(I) way of handling frauds and mule accountsRBI Governor Shaktikanta Das announced a new initiative to combat financial fraud. The central bank is piloting an AI model, MuleHunter, to...
RBI releases finalised framework for Indian fintech sector's self-regulatory bodyThe Reserve Bank of India (RBI) has finalized a framework for self-regulatory organizations (SROs) in the fintech sector, considering stake...
PSBs finding it hard to fill IT roles on boards; seek relaxation in RBI rule that mandates tech strategy panelsState-owned lenders in India are seeking relaxation in the Reserve Bank of India's guidelines regarding the composition of board-level info...
RBI directs Razorpay to pause onboarding new merchantsRazorpay, Stripe and Pine Labs were granted in-principle approvals for payment-aggregator licences in July. In September, Cashfree had also...
Vaccinate India's health IT systemsThe health ministry, in consultation with the IT ministry, CERT-In, National Health Authority, state governments and industry must prepare ...
Borrowing money via digital apps? Know your rights to avoid being exploitedThe RBI digital lending guidelines will be applicable to the digital lending by banks, co-operative banks, NBFCs including housing finance ...
Fall in digital lending app complaints as rules kick inSurvey firm Local Circles also said that the number of complaints had reduced by 30-40% in the past four weeks.
Linking cards with UPI poses challenges; govt to meet VPN firms today & e-commerce sales are backOn Wednesday, when the Reserve Bank of India announced that users of the Unified Payments Interface would soon be able to link their credit...
Safer digital transactions: RBI to set rules for payment system operatorsThe Reserve Bank of India (RBI) proposed issuing recommendations on Cyber Resilience and Payment Security Controls for Payment System Opera...
Cybersecurity: How is India faring?
Paytm, Razorpay others to face stricter norms, sector lividThe central bank has also demanded mandatory compliance on technology and cyber-security requirements at par with standards for regulated f...
RBI to set up compliance portal to track cyber fraudOf the reported frauds, 22.7% were cyber related in 2013-14 while the percentage grew to 34.1% in 2017-18, indicating a hike in not just th...