Cyber incidents are an increasingly significant cost burden for the financial services industry. According to Data Breach Investigations Report 2021, phishing and ransomware attacks in the financial services sector have increased by 10-12%, which is 15 times higher than last year.
To establish a robust governance structure for all payment intermediaries and ensure mandatory security controls are followed by digital payment channels, RBI has released a detailed guideline for Payment Aggregators and Payment Gateways under Section 18 and Section 10(2) of the Payment and Settlement Systems Act, 2007
15 сен 2024
