The purpose of a cybersecurity policy is to set procedures and standards to safeguard user data against
malware. It is Banks responsibility to have Board approved Cyber security Policy.
This is as per guidelines from RBI and policy framework adopted by RBI. Please follow below link : https://rbi.org.in/Scripts/NotificationUser.aspx?ID=10435
This is as per RBI oversight Framework. (Please refer annexure A) Annexure A (ii) With continuous increase in number, frequency and impact of cyber incidents / attacks in the recent past, and the urgent need to enhance the resilience of the banking ...
Business Continuity Management: A business continuity plan outlines a range of disaster scenarios and the steps the business will take in any scenario to return to regular trade. BCP's are written ahead of time and can also include precautions to be ...