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.
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 will audit banks' security systems to ensure best practice is strictly followed and conformance with international standards. In October last year, 3.2 million cards had to be replaced or reissued following a security breach in the ATM network.