Banking Security
Latest news, explainers and analysis on Banking Security. Tracking 3 stories on Arth Vani.
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Latest on Banking Security
RBI Proposes New Data Safety Rules for Banks and NBFCs to Protect Customer Info
The Reserve Bank of India (RBI) has introduced a draft framework to tighten how banks and NBFCs manage and secure customer data. The move aims to improve data accuracy and security through board-level oversight and strict lifecycle controls.
BreakingRBI Warns: AI Cyberattacks Top Threat to India's Financial System
The Reserve Bank of India (RBI) has identified AI-powered cyberattacks as the biggest immediate risk to India's financial stability. Banks and NBFCs are particularly vulnerable, with varying levels of preparedness to combat these sophisticated threats. The RBI emphasizes the need for stronger employee awareness and forensic capabilities across the financial sector.
BreakingNPCI Pilots AI to Catch Digital Fraudsters in Real-Time, Safeguarding Your Money
The National Payments Corporation of India (NPCI) is testing new AI technology to make digital transactions safer for everyone. This system can track stolen money as it moves between bank accounts, aiming to stop fraudsters in real-time and significantly reduce losses for victims.
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