DSCI is working with the FIDO Alliance in an effort to eliminate the use of passwords for authentication in India. But some security practitioners question whether that's a realistic approach that will prove effective. go
Following recent data breaches, some Indian banks are advertising for cybersecurity and forensics specialists to work with their CISOs. But finding qualified staff could prove challenging.
To comply with the Reserve Bank of India's security master direction, organizations must involve their boards in risk assessments and building security awareness, a panel of experts says.
The Reserve Bank of India's draft of a framework for new self-regulatory organizations, including one that would help oversee payment system operators, fails to adequately address security issues, some observers say.
Organizations in India need to ramp up their authentication efforts in light of a 40% increase in cashless transactions since the start of the COVID-19 pandemic, which has led to increases in attempted fraud, security experts say.
The Reserve Bank of India's plans to create a self-regulatory organization by April to help oversee the digital payments system could help reduce the complexity of RBI's efforts to help ensure payments security, some security experts say.
Reserve Bank of India is proposing the creation of a new digital retail payment system, similar to the National Payments Corp. of India, to expand the reach of digital payments to those who don't use banks and help reduce the dependency on cash.
The discovery of an apparent data breach at Indian IT service firm Wipro could hurt the firm's reputation, as well as the reputation of other outsourcing companies, some observers say.
A 10-member government-appointed committee in India has drafted a white paper that includes recommendations for components of a new data protection law. The government is seeking feedback on the report through Dec. 31.
The Reserve Bank of India has mandated that all banks must report all unusual cyber incidents within two to six hours to enable issuing suitable cautionary advisories to other banks. Experts discuss the challenges financial institutions will face in complying with the new requirement.
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