Payment companies, credit card networks and prepaid wallets, among others, will have to craft information security policies, conduct risk assessment exercises, and enable customers to flag fraudulent transactions, the central bank proposed in draft guidelines issued on Friday.
The guidelines on cyber-resilience and digital payments security controls for Payment system operators (PSOs) will be implemented in a phased manner, the Reserve Bank of India (RBI) said, with the biggest entities liable to comply the first. The central bank has also sought feedback from all stakeholders on its proposals by 30 June.
The guidelines will help establish a framework for information security preparedness, with a focus on cyber resilience, the RBI said. In April 2022, it had announced its intention to issue new norms for PSOs.
Diese Geschichte stammt aus der June 03, 2023-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der June 03, 2023-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
How sports became the MVP of brand building
With its emotional resonance, evolving digital capabilities and unmatched reach, sports offers brands an opportunity to create lasting legacies
What makes Indian roads the deadliest?
A road accident in Dehradun early on Tuesday last week killed six and left one critically injured—a stark reminder of Indian roads being the world's deadliest, with the highest fatalities globally.
Macrotech aims to scale digital infra business on its own
Its digital infra portfolio under Lodha Industrial and Logistics Park is 5 mn sqft across 3 warehousing & industrial parks
Amazon India relocating HQ
The company's move from World Trade Centre raises questions about how Brigade would find a new tenant
Data dive: Should RBI let the rupee weaken?
To smoothen the fluctuations in the rupee, the Reserve Bank of India (RBI) has often intervened in the markets with its kitty of foreign exchange reserves.
Hero MotoCorp's ride may be easy
Accelerating growth
Investors lose nearly ₹50 tn in 7 weeks
Broader markets also fell, with Nifty Midcap 150 down 10.7% and Nifty Smallcap 250 falling 10.1% as of Thursday
BLINDED BY A LOT OF SOAP, BUBBLES—AND TRADITION
Bertie realised that the real problem wasn't over-borrowing, but it was over-lending
High valuations won't stop investors from buying Indian equities
India stands out as a compelling growth and transformation story, largely driven by infrastructure...Stefan Hofer MD & chief investment strategist at LGT Bank Asia
Edtech cos eye skilling in nursing, healthcare
Upskilling in healthcare services has emerged as big business opportunity
