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TMI BlogData Breach in Banks with respect to CardsX X X X Extracts X X X X X X X X Extracts X X X X ..... Data Breach in Banks with respect to Cards X X X X Extracts X X X X X X X X Extracts X X X X ..... set up a Cyber Security and IT Examination (CSITE) Cell within its Department of Banking Supervision in 2015. The Bank issued a comprehensive circular on Cyber Security Framework in Banks on June 2, 2016 covering best practices pertaining to various aspects of cyber security. The circular requires banks to have among other things, a cyber-security policy, cyber crisis management plan, a gap asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sment vis-a-vis the baseline requirements indicated in the circular, monitoring certain risk indicators in this area, report unusual cyber security incidents within 2 to 6 hours. RBI has been carrying out IT Examination of banks from last year. RBI has also set up a Cyber Crisis Management Group to address any major incidents reported including suggesting ways to respond and recover to/from the i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncidents. Department of Banking Supervision also conducts cyber security preparedness testing among banks on the basis of hypothetical scenarios with the help of CERT-In. RBI has also set up an IT Subsidiary, which would focus, among other things, on cyber security within RBI as well as in regulated entities. This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Fina ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nce in written reply to a question in Lok Sabha today. X X X X Extracts X X X X X X X X Extracts X X X X
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