SecurityMediaNamaabout 2 hours ago
RBI Mandates Security Audits for Bank APIs
6 min read
The Reserve Bank of India meets bankers to address rising AI cyberattacks and issues a confidential advisory dated November 3. The regulator mandates security audits for NBFCs by February 3, 2027, and requires annual audits for banks. Banks must also implement intra-day limits within one month and monitor API changes by December 3, 2026. Individual frauds recently ranged from Rs.
Level
Hype check
Tap to vote and see what everyone thinks.