New Delhi, July 28 -- Canara Bank, India's fourth-largest public sector lender by assets, has initiated a review of its cybersecurity architecture following a recent fraud incident at a peer state-run bank.

The Bengaluru-headquartered lender, which has more than 10,000 domestic branches, is reassessing its systems and stepping up investments in technology as cyber threats grow more sophisticated, managing director and chief executive officer Brajesh Kumar Singh told Mint in an interview.

"We are in the trust business. Trust takes years to build and only minutes to lose. Protecting customer confidence is our foremost priority. Everybody in the banking industry will be reviewing their systems after such an incident. We will also review ou...