The central bank is keeping security mechanism as part of its agenda for this fiscal, keeping the drastic jump in digital transactions in mind.
RBI’s agenda for 2018-19 includes an enhanced level of protection against cyber risks ensuring continuous armor against the changing scenario of Internet-based security threats.
“With the emerging threat landscape, where organised cybercrime and cyber warfare are gaining prominence, the Department (of Information Technology) is working towards ensuring continuous protection against the changing contours of cybersecurity threat,” according to the RBI’s annual report.
RBI’s annual report further added that its 2018-19 agenda primarily includes effective steps to “further enhance” the level of protection against cyber risks.
Further, it is taking pro-active steps for developing enhanced a cybersecurity culture, endeavour to make cybersecurity a responsibility, and ensure confidentiality, integrity and availability of information systems and resources.