Cyber risks in financial sector: RBI calls for AI-aware defence and zero-trust approach, warns of systemic threat from vendor lock-ins

The Reserve Bank of India (RBI) has called for financial institutions to adopt risk-based supervision, zero-trust cybersecurity frameworks and AI-aware defence strategies to counter the rising threat of cyberattacks and financial frauds in the digital ecosystem.In its bi-annual Financial Stability Report (FSR) released Monday, the […]