<h1>RBI Mandates Cybercrime Audit for Banks to Boost Cyber Resilience and Mitigate Phishing Risks as Per Cyber Security Framework.</h1> The Reserve Bank of India (RBI) has mandated banks and authorized entities to conduct a cybercrime audit to enhance cyber resilience. This audit, conducted by CERT-In empanelled auditors, focuses on compliance with security best practices, including application security and vulnerability management. Banks are also instructed to mitigate phishing risks and adapt measures based on emerging threats. The RBI established a Cyber Security and IT Examination Cell in 2015 and issued a Cyber Security Framework in 2016, requiring banks to implement a cybersecurity policy and crisis management plan. A Cyber Crisis Management Group is in place to handle major incidents.