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RBI calls upon financial institutions to strengthen their IT and cyber security systems

By Economic Times - 4 months ago
RBI Governor Shaktikanta Das has advised banks to improve their IT and cyber security frameworks following a significant global Microsoft outage. The incident underscored the growing dependence on big-tech firms. India has seen a sharp increase in security incidents, and banks need robust plans to ensure operational resilience and safeguard against cyber threats.

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