RBI Set to Increase Focus on IT and Cyber Security Issues

RBI Set to Increase Focus on IT and Cyber Security Issues According to a notification published by the Reserve Bank of India (RBI) on January 18, 2017, RBI has planned to increase the focus on IT & Cyber Security in a move to combat the increasing threat of cyber-security issues arising after the governments Digital Payment initiative.RBI. RBI with the help of its arm Reserve Bank Information

Technology Private Ltd (ReBIT) will implement the IT & Cyber Security in the financial sector and assist in IT systems audit and assessment in entities such as banks, payments banks, wallets, among others.  ReBIT has invited applications for various roles across its four verticals of Cyber Security, Systems Audit, Research and Innovation, and Project Management and Administration for this purpose.

iv. The cyber security vertical of ReBIT would run a security operations centre and look after any similar incidents that may occur on systems of RBI or any of the financial institutions.