Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
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 …
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 …
RBI has finalised a compensation framework for victims of small-value digital fraud in banking, effective from January 1, 2027. A bona fide individual victim with a gross loss of up to ₹50,000 from a fraudulent electronic banking transaction will be Read More …
Mumbai, India – February 2025 In a significant move to enhance digital banking security, the Reserve Bank of India (RBI) has announced the introduction of an exclusive “.bank.in” domain for Indian banks. This initiative, aimed at reducing financial fraud, was Read More …