Explore the latest news and trends  

Sign up for our weekly security newsletter

Be the first to receive important updates on security


RBI to Monitor Network Security, Payment Systems of Banks


Governments in India store diverse and massive volumes of data on their websites, PC servers as well as computer networks. Such organizations, each day, encounter sophisticated and persistent cyber-attacks leading to loss of money as well as disruption of services, imposing danger on the public.


RBI (Reserve Bank of India) recently highlighted the cyber threats which banks encounter followed with a statement that it would keep doing unannounced inspections and drills for making sure the banks maintain systems for tackling various threats to network security as also payment systems.


India, by fast moving forward for a digital economy and running national projects such as National Broadband Network, Smart Cities and Digital India, is transforming the digital scenario at a quick pace directly influencing governance, accountability and transparency.


By moving for digital economy, an enormous volume of citizen along with consumer data is set to get stored digitally, while a large number of transactions will get done over the Internet by companies, individuals, and government departments. Consequently, challenges have appeared at the fore regarding specific security dangers and worries, especially those affecting the cyber security of the nation and its residents. Smartcity.eletsonline.com posted this, December 25, 2017.


Moreover as per the apex bank, in the procedure of strengthening monitoring of various commercial banks, there's a quarterly collection of details regarding preparations for cyber security at these institutions. RBI is as well performing periodical cyber drills for evaluating the banks' preparedness as well as response capabilities towards probable cyber-assaults.


The National Payments Corporation of India cites a 2016 cyber attack which was a biggest in India banks' history involving hacks into debit cards whereby a massive 32,00,000 payment cards that prominent Indian banks issued had been compromised leading to fraudulent transactions worth INR 1.3 crore.


During February, Reserve Bank established a standing committee for continuously examining the inbuilt dangers of existing as well as emerging technologies, and recommending policy interventions for solidifying safety and resilience to cyber threats.


CERT-In (Indian Computer Emergency Response Team) said there were over 27,000 cyber-attack incidences in India during January-June 2017. These attacks comprised phishing campaigns, data destruction, website hacks/defacements and ransomware assaults.

» SPAMfighter News - 1/1/2018

3 simple steps to update drivers on your Windows PCSlow PC? Optimize your Slow PC with SLOW-PCfighter!Email Cluttered with Spam? Free Spam Filter!

Dear Reader

We are happy to see you are reading our IT Security News.

We do believe, that the foundation for a good work environment starts with fast, secure and high performing computers. If you agree, then you should take a look at our Business Solutions to Spam Filter & Antivirus for even the latest version of Exchange Servers - your colleagues will appreciate it!

Go back to previous page