FinMin Asks PSU Banks To Take Measures To Strengthen Cybersecurity
Banks should keep a tight vigil, and there should be readiness for future cyber threats.The Finance Ministry and RBI have been sensitising banks on this aspect at regular intervals amid the growing digitisation in the financial sector.The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident.According to sources, the banks have been advised to check their cybersecurity robustness and take measures to strengthen them.Banks should keep a tight vigil, and there should be readiness for future cyber threats, sources said.The Finance Ministry and RBI have been sensitising banks on this aspect at regular intervals amid the growing digitisation in the financial sector.Last week, Kolkata-based public ...