Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
Reserve Bank of India (RBI) Deputy Governor Swaminathan J has cautioned banks and other financial institutions against weakening internal controls in their pursuit of digital transformation, faster transactions and improved customer convenience. He emphasised that technological advancements, including artificial intelligence 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 …
Global professional services firm PricewaterhouseCoopers (PwC) has confirmed a cybersecurity incident involving an external service provider responsible for hosting its employee learning records. The disclosure follows allegations by the cyber extortion group Everest that it had stolen approximately 590 gigabytes 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 …
The State Bank of India (SBI), the country’s largest lender, has initiated a cybersecurity investigation following the suspected exposure of customer information on the dark web. A preliminary examination of approximately 3.75 lakh records identified 3,897 customer records containing personally Read More …
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 …
A Hyderabad-based non-banking financial company (NBFC) has reportedly suffered a cyber fraud involving more than ₹3.3 crore, allegedly transferred from its bank account through 183 unauthorised transactions within just 87 minutes. The incident has raised serious concerns regarding application programming Read More …
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 …
RBI’s Cybersecurity, Technology: Risk, Resilience and Assurance Framework Directions took effect on 31 July 2026, the day they were issued, with no transition period reported. Banks and NBFCs are already expected to comply, so the question for most teams is Read More …