Banks to use AI & Machine learning to safeguard customers from financial frauds: Department of Financial Services
In a significant move to address the growing menace of digital financial frauds, the Department of Financial Services (DFS) has…
Tag: reserve bank of india
BFSI at Innovation and Regulation Crossroads
Of late, there has been a lot of upheaval in the banking and fintech world with the Reserve Bank of…
How India can bolster cybersecurity in Public Sector Banks: A strategic blueprint
By making cybersecurity a national priority and adopting a robust, multi-layered strategy, India’s public sector banks can defend against current…
Indian lenders lag global peers on cybersecurity spends: BCG
“As you think about increasing digitalization, having consumer trust is very important,” Chitkara said. Cyber breaches can result in a…
Banks need to be cautious with 3rd-party vendors: RBI’s Swaminathan
Speaking at a convention organised by the International Association of Deposit Insurers, RBI deputy governor J Swaminathan called upon banks…
Prashant Maldikar takes charge as Head of Cyber Security at IFTAS, a RBI Subsidiary
In his new role, Prashant Maldikar will be responsible for developing function, strategy, and roadmap to drive Cyber Security from…
RBI issues guidelines for non-bank payment service providers to prevent cyber security risks
The large non-bank PSOs need to abide by the directions by April 1, 2025. These include Clearing Corporation of India…
Digital data protection bill reflects India’s commitment to safeguarding users: Centre
Amid the changing landscape where cyber-criminals use novel methods to steal personal data, the Digital Personal Data Protection (DPDP) Act,…
Banks in a bind over Trai mandate on digital consent
Banks are grappling with new regulations from the Telecom Regulatory Authority of India (Trai) requiring digital consent for commercial communication.…
AI, 3rd-party tech likely to intensify risks of cyberattacks
A major cyber incident in these IT service providers may in turn impact multiple regulated entities simultaneously, causing a cyberattack…