With a view to rising cybercrime at banks, The Reserve Bank of India has called for the immediate development of cyber security policies. The cyber security framework warns that current defences must be improved as the resourcefulness of cyber threats continues to rise. The strategy should include an adaptive incident response and recovery framework. It should also be separate from more general IT policies. “Recent incidents have highlighted the need to thoroughly review network security in every bank,” the framework said. Banks should take appropriate steps in preserving the confidentiality, integrity and availability of [data].” Banks are also expected to counter emerging cyber threats, such as “zero-day” and targeted attacks.
With a view to rising cybercrime at banks, the Reserve Bank of India has called for the immediate development of cyber security policies. The cyber security framework warns that current defences must be improved as the resourcefulness of cyber threats continues to rise. The strategy should include an adaptive incident response and recovery framework. It should also be separate from more general IT policies. “Recent incidents have highlighted the need to thoroughly review network security in every bank,” the framework said. Banks should take appropriate steps in preserving the confidentiality, integrity and availability of [data].” Banks are also expected to counter emerging cyber threats, such as “zero-day” and targeted attacks.