The Reserve Bank of India (RBI) has set up a team of ethical hackers to test the vulnerabilities of Indian banks, beginning with public sector banks, which are thought to be more susceptible to cyber attacks than private banks. "RBI is looking at international standards when it comes to protecting itself and banks from cyber-attacks. In an interview on Thursday, RBI Governor Raghuram Rajan said that he was not aware of any specific threat against banks in India. In October last year, 3.2 million cards had to be replaced or reissued following a security breach in the ATM network.
The Reserve Bank of India (RBI) has set up a team of ethical hackers to test the vulnerabilities of Indian banks, beginning with public sector banks, which are thought to be more susceptible to cyber attacks than private banks. In an interview on Thursday, RBI Governor Raghuram Rajan said that he was not aware of any specific threat against banks in India. In October last year, 3.2 million cards had to be replaced or reissued following a security breach in the ATM network.