Tuesday, 30 July, 2024

RBI Alerts on Cyber Security Risks and Fraud in Growing Digitalization

The Reserve Bank of India (RBI) has issued a warning about increased cyber security risks and fraud linked to the rapid digitalization of financial services. The RBI highlighted concerns over vulnerabilities in digital payment systems, advising banks and financial institutions to enhance their security measures. The bank stressed the need for continuous monitoring and robust infrastructure to protect against potential threats and maintain customer trust in digital platforms.