GET Stock QuotesNews18 APP
News18 English
»
1-min read

RBI Asks Banks to Go For Periodic Vulnerability Test

In a written reply to the Rajya Sabha, MoS for Finance Santosh Kumar Gangwar said the RBI has issued Cyber Security Framework in Bank to help banks deal with any future cbyer attacks.

PTI

Updated:August 8, 2017, 6:52 PM IST
facebookTwittergoogleskypewhatsapp
RBI Asks Banks to Go For Periodic Vulnerability Test
In this file photo, security personnel stand guard at the entrance of the Reserve Bank of India (RBI) headquarters in Mumbai. (Photo: Reuters/Shailesh Andrade)
Loading...
New Delhi: Cyber security preparedness is a continuous activity and the RBI has asked banks to periodically conduct vulnerability test, the finance ministry said on Tuesday.

In a written reply to the Rajya Sabha, Minister of State for Finance Santosh Kumar Gangwar said the RBI has issued Cyber Security Framework in Bank to help them deal with any future cbyer attacks.

According to the Reserve Bank, 'WannaCry' ransomware attacks were reported from banks during May and June this year and a few computers in two bank branches and one ATM unit were impacted "though no data loss was reported".

"The RBI had issued advisories to banks in relation to ransomware attacks, regarding application of relevant patches in and update of anti-virus software for all systems," the minister said.

Gangwar further said the RBI has "apprised that the performance" of banks in this regard is closely monitored through both on-site and off-site assessments.

To another question related to cloning of credit and debit cards, the minister said 6,811 cases of frauds related to credit cards and 15,792 ATM and debit cards were reported during the last financial year. The total amount involved was Rs 204 crore.

Replying to another question, Gangwar said public sector banks had 8,915 wilful defaulters involving Rs 92,376 crore at March-end 2017.

Action has been initiated in 5,954 cases involving Rs 69,439 crore under the SARFAESI Act (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act).
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 192.10 -6.20
Indiabulls Hsg 706.60 -3.71
ICICI Bank 357.90 -1.24
Reliance 1,137.40 -1.10
Jet Airways 310.35 -3.83
Company Price Change %Gain
Yes Bank 192.55 -6.10
Varun Beverages 781.90 -0.03
Indiabulls Hsg 707.40 -3.79
Jet Airways 310.10 -3.99
Dewan Housing 225.05 -3.06
Top Gainers
Company Price Change %Gain
GAIL 344.05 2.79
Adani Ports 355.25 1.34
IndusInd Bank 1,557.85 1.29
Bajaj Finance 2,380.10 0.81
Zee Entertain 448.10 0.29
Company Price Change %Gain
IndusInd Bank 1,558.35 1.34
Adani Ports 354.15 1.24
M&M 782.70 0.30
HDFC Bank 2,015.25 0.06
Top Losers
Company Price Change %Gain
Yes Bank 192.10 -6.20
Hindalco 221.95 -5.33
Indiabulls Hsg 706.60 -3.71
Wipro 321.30 -3.47
Dr Reddys Labs 2,443.15 -3.38
Company Price Change %Gain
Yes Bank 192.55 -6.10
Tata Steel 563.50 -3.21
Vedanta 205.10 -2.89
Wipro 321.70 -2.59
NTPC 149.35 -2.42

Live TV

Loading...
Loading...