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Measures initiated by RBI to prevent fraudulent use of debit cards

News and Press Release - Dated:- 29-11-2016 - Reserve Bank of India (RBI) has informed that number of debit cards outstanding at the end of August 2016 was 71.2 crore. RBI has informed that frauds related to ATM / Debit cards is 1328 and amount invol .....

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(CSITE) Cell within its Department of Banking Supervision in 2015. RBI has 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 progress of b .....

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ecurity preparedness testing among banks on the basis of hypothetical scenarios with the help of CERT-In. RBI also has set up an IT Subsidiary, which would focus, among other things, on cyber security within RBI as well as in regulated entities. ii. .....

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cardholders for amounts wrongly debited. iii. RBI has issued circular on Skimming of ATM/Debit/Credit Cards , dated June 26, 2006, advising banks to take various preventive measures to combat frauds relating to skimming or duplicating of credit card .....

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