The Reserve Bank of India (RBI) has issued guidelines on cyber security frameworks for banks and financial institutions to ensure the security of their systems and protect customer data. While I can provide a general overview of a comprehensive cyber security framework, please note that specific implementation may vary based on individual organizational requirements and compliance obligations. Here are some key components typically included in a comprehensive cyber security framework, aligned with RBI guidelines:
It's important to note that the above components are not exhaustive, and organizations should tailor their cyber security framework to their specific needs, risk profile, and regulatory requirements. Compliance with RBI guidelines and regular review and update of the cyber security framework are crucial for maintaining an effective security posture. Organizations should also stay informed about emerging threats and evolving best practices to enhance their cyber security measures.
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International banking marketplace has been experiencing drastic changes. However, never before have there been so many demands on banks to satisfy their customers, manage their internal risks, work cost effectively and protect their competitive position.
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