Banks follow practices such as compliance and audit for information security against standards ISO 27000. India 's finance ministry has advised state - run banks to bolster their IT infrastructure following a warning from security agencies about the risk of cyber attacks . It includes hiring software professionals to review and upgrade their systems where necessary , improving network and data security , and protection of customer privacy . The Reserve Bank of India has recommended that banks have a crisis - management plan in place to tackle the potential threat of cyber attacks that could potentially cripple India 's banking system .
India 's finance ministry has advised state - run banks to bolster their IT infrastructure following a warning from security agencies about the risk of cyber attacks . It includes hiring software professionals to review and upgrade their systems where necessary , improving network and data security , and protection of customer privacy . The Reserve Bank of India has recommended that banks have a crisis - management plan in place to tackle the potential threat of cyber attacks that could potentially cripple India 's banking system .