The banking industry needs to upgrade IT infrastructure and appoint experienced CRO or chief risk officers to effectively deal with cybercrimes, said Deloitte India. In the report titled “Digitising the post COVID world: The ‘3I’ approach”  Deloitte said nearly 22 % of cybersecurity attacks in India between 2018-19 were on the banks. These institutions have to prioritise and invest in cybersecurity to create an agile and robot IT infrastructure, the Deloitte India report said further.

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