Banks, NBFCs must improve preventive and detective controls to mitigate cyber risks: RBI

New Delhi, Feb 7 (UNI) Amid surge in digital frauds, the Reserve Bank of India (RBI) has asked banks and other Non-banking Financial Corporations (NBFCs) to continuously improve preventive and detective controls to mitigate cyber risks. “The rapid digitalisation of financial services has brought convenience and efficiency but has also increased exposure to cyber threats…

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