Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
Cybersecurity has become a critical component of digital banking, as customers increasingly depend on mobile applications, internet banking, digital payments and other technology-enabled financial services. The expansion of digital channels has improved convenience and accessibility, but it has also increased Read More …
Indian banks are working on a coordinated industry response to rising cyber risks, with the Indian Banks’ Association (IBA) developing mechanisms for faster information sharing on cyber incidents and an industry-level sandbox for testing emerging artificial intelligence models. State Bank Read More …
What Banks, NBFCs and Financial Institutions Should Review From model security and prompt injection to autonomous agents and independent assurance, AI is creating new responsibilities for cybersecurity, risk management and internal audit professionals. RMAI Risk Insights | 4 November 2026 Read More …
RMAI Risk Insights | 3 November 2026 The reported ₹500 crore cyber-fraud trail under investigation by Mumbai Police highlights a serious concern for India’s financial sector: criminals are increasingly exploiting the connections between bank accounts, digital payment platforms, financial intermediaries Read More …
Unauthorised Access, Machine-Speed Cyberattacks and 17 Recommended Security Measures RMAI Risk Insights | 3 November 2026 India’s Computer Emergency Response Team (CERT-In) issued Critical Advisory CIAD-2026-0049 on 15 October 2026, following incidents involving autonomous AI agents accessing Indian organisations’ live Read More …
The Reserve Bank of India (RBI) has intensified its cybersecurity scrutiny of banks following a series of recent cyber incidents affecting India’s financial sector. Banks have been asked to provide evidence that existing cybersecurity requirements are being implemented and to Read More …
India’s Regional Rural Banks (RRBs) are preparing to strengthen cybersecurity through Cyber Security Operations Centres (CSOCs), enhanced threat monitoring, vulnerability assessments and faster incident-response capabilities. The initiative could mark an important step towards improving cyber resilience across India’s rural banking Read More …
Reserve Bank of India (RBI) Governor Sanjay Malhotra has cautioned banks and financial institutions about emerging cybersecurity threats associated with artificial intelligence (AI), emphasising the need to strengthen IT infrastructure, safeguard customer information and promptly address technological vulnerabilities. Speaking at Read More …
The Bank of Japan (BOJ) has warned that rapid growth in artificial intelligence (AI)-related investments, increasing financial interconnectedness and sophisticated cyber threats could create new vulnerabilities for Japan’s banking sector and the broader financial system. The central bank has emphasised Read More …
Leading US financial institutions, including Morgan Stanley, JPMorgan Chase and Charles Schwab, have begun restricting unauthorised third-party artificial intelligence (AI) agents from accessing customer accounts and conducting financial transactions. The measures reflect growing concerns over autonomous AI systems operating within Read More …