RBI to help banks block cybercrime threats

The Reserve Bank of India’s research wing would conduct a workshop to assist bank leaders to identify and manage cybercrime threats.

The Reserve Bank of India’s (RBI) Institute for Development and Research in Banking Technology (IDRBT) is hosting a four-day work shop focussing on empowering banks to manage cyber risks.

The workshop would see banks guided on the process of gathering and handling digital evidence, and developing cyber-resistant strategies within suitable legal frameworks.

The program follows a similar offering provided by the regulator last year, but has been relaunched to better suit India’s current financial state, including the South-East Asian nation’s problems with currency and demonetisation.

The IDRBT, headquartered in the capital of the southern Indian state of Telangana, was established in 1996 as the regulators official arm for the intersection of banking and technology across India.