Rough estimates point out that at least 15 ransomware attacks take place per hour in India and one in three Indians falls prey to it. ATM (RBI) has set up a team of ethical hackers to test the vulnerabilities of Indians banks, beginning with public sector banks, which are thought to be more susceptible to cyber attacks than private banks. RBI will audit banks' security systems to ensure best practice is strictly followed and conformance with international standards. In April 2013 to November 2016 , 500 cards had to be replaced or reissued following a security breach in the RBI network.
ATM (RBI) has set up a team of ethical hackers to test the vulnerabilities of Indians banks, beginning with public sector banks, which are thought to be more susceptible to cyber attacks than private banks. RBI will audit banks' security systems to ensure best practice is strictly followed and conformance with international standards. In April 2013 to November 2016 , 500 cards had to be replaced or reissued following a security breach in the RBI network.