RBI governor says IT systems of large banks strong, days after breach at BoB
New Delhi, Aug. 5 -- The information technology (IT) systems of large Indian banks and other regulated entities are quite strong and robust, Reserve Bank of India (RBI) governor Sanjay Malhotra said on Wednesday, days after state-owned Bank of Baroda (BoB) suffered a cyber breach.
The breach reportedly exposed about 1 terabyte (TB) of customer and internal data after an employee's email account was compromised.
"They (large banks and big regulated entities) have put in place checks and balances to ensure that they are secure. We have not only guidelines and regulations, we also have supervision, which is done very regularly," said Malhotra.
"Any shortfalls or vulnerabilities are pointed out and measures to be taken to further strengthe...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.