The Reserve Bank of India (RBI) is taking cyber security of banking industry very seriously. RBI has been stressing that banks in India are required to ensure cyber due diligence and cyber security due diligence. However, the banks in India have still not done the needful in this regard even though the first quarterly report in this regard is due on 30th June, 2011.
Perry4Law and Perry4Law Techno Legal Base (PTLB) welcome this initiative of RBI and congratulate the working group for coming out with good guidelines.
See ICTPS Blog for more.