RBI Directs Banks and Payment Firms to Strengthen Cybersecurity Amid Rising AI-Driven Threats

The Reserve Bank of India (RBI) has called for stronger cybersecurity safeguards across banks, payment system operators and other regulated financial institutions in response to emerging threats involving artificial intelligence (AI)-enabled cyberattacks. According to an advisory issued on 19 October Read More …

SBI Customer Data Exposure 2026: Cyber Risk Case Study, Root-Cause Investigation and Lessons for Banks

An implementation-focused case study for banking cybersecurity teams, CISOs, Security Operations Centres (SOCs), IT risk managers, internal auditors and compliance professionals. Case study date: 22 October 2026 | Risk Management Association of India (RMAI) Executive Summary: What Happened in the Read More …

Bank Accounts Supplied to Cyber Fraudsters Highlight Growing Mule-Account Risk

Rourkela police have arrested two men, aged 22 and 24, for allegedly procuring and supplying bank accounts to cyber fraudsters. According to the Times of India report, the accused allegedly lured individuals with promises of money and jobs to open Read More …

How to manage payment risks and fraud in 2022

Covid-19 has forever changed the way consumers shop, creating a strong desire for digital payments and the rapid shift towards ecommerce. Recent data from Australia Post marked November 2021 as the largest month in Australian online shopping history, a significant Read More …

Cyber Fraudsters Exploit New Techniques to Bypass UPI Security

Cyber fraudsters are increasingly deploying advanced techniques to bypass security mechanisms in Unified Payments Interface (UPI) transactions, raising concerns over the resilience of India’s fast-growing digital payments ecosystem. The evolving tactics highlight the need for stronger safeguards and greater user Read More …