The RBI on Thursday said that the banks should focus on fortifying cyber security and prevention of cyber frauds to safeguard their customers from rising incidents of fraud and data breaches.
RBI Deputy Governor Rajeshwar Rao, in his address at the FIBAC 2023 conference, on Thursday said that the banking landscape is fast evolving with increase in financial inclusion, customer access, product choices, and convenience.
Read More : RBI Urges Banks to Strengthen Cyber Security Amidst Surging Fraud Cases