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MSN: The Reserve Bank of India (RBI) is set to introduce exclusive internet domains for financial sector participants, including banks and non-banking entities, to enhance cybersecurity.
MarketScreener: India's central bank said its chief has urged banks to tighten their oversight on cybersecurity issues and to have systems in place that can prevent digital fraud.
BNN Bloomberg: Rising cases of online thefts and frauds will push Indian banks that are already lagging behind their global peers in cybersecurity spending to step up, according to Neetu Chitkara, managing director and partner at Boston Consulting Group.
MSN: Markets watchdog Sebi issued a new cyber security framework wherein all regulated entities are required to have appropriate security monitoring mechanisms, and the fresh norms will be implemented in a graded manner starting from January 2025.
MSN: A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut down temporarily, two sources directly aware of the matter said.
Yahoo Finance: Indian lenders must strengthen their governance standards and ensure robust cybersecurity controls to curb digital frauds, the governor of the Reserve Bank of India (RBI) told bank chiefs.
Business Standard: Capital markets regulator Sebi came out with guidelines to strengthen the existing cyber security and cyber resilience framework for stock exchanges and other market infrastructure institutions (MIIs).
Yahoo News: A rise in cyberattacks poses a vital risk to India’s economic ambitions, with industries from manufacturing to pharmaceuticals becoming more vulnerable as they digitize operations, according to a Google subsidiary.
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