https://www.taxtmi.com/news?id=17400 RBI mandates a Cyber Security Framework requiring banks to maintain separate cyber policies, crisis management plans, rapid incident reporting, detailed IT examinations and appointment of senior, empowered CISOs; banks must prioritise early detection, patch and configuration management, vendor oversight, forensic analysis and information sharing. Concurrently, banks must promptly identify and declare advance related frauds to avoid governance and criminal liability, strengthen internal controls against cheque cloning and malware, mitigate people risk through training and documented procedures, and implement practical measures including central registries, analytics and decisive loss cutting. en-us Thu, 02 Feb 2017 14:07:07 +0530 Thu, 02 Feb 2017 14:07:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17400 RBI mandates a Cyber Security Framework requiring banks to maintain separate cyber policies, crisis management plans, rapid incident reporting, detailed IT examinations and appointment of senior, empowered CISOs; banks must prioritise early detection, patch and configuration management, vendor oversight, forensic analysis and information sharing. Concurrently, banks must promptly identify and declare advance related frauds to avoid governance and criminal liability, strengthen internal controls against cheque cloning and malware, mitigate people risk through training and documented procedures, and implement practical measures including central registries, analytics and decisive loss cutting. News - Thu, 02 Feb 2017 14:07:07 +0530 https://www.taxtmi.com/news?id=17400