<h1>RBI Stresses Safe Banking for Youth Amid Digital Risks; Highlights Education and Protection Against Cyber Threats.</h1> The Deputy Governor of the Reserve Bank of India highlighted the need for safe banking practices to protect young consumers in his speech at the Global Money Week 2024. The rapid digitalization in financial services, accelerated by the COVID-19 pandemic, has increased risks such as cyberattacks and fraud. India has implemented measures like multi-factor authentication, risk assessments, and consumer protection regulations to mitigate these risks. The RBI also focuses on increasing financial literacy through campaigns and educational initiatives. Efforts are made to safeguard not only the young but also senior citizens from financial fraud and cybercrime.