Banks asked to protect IT data

PRESS TRUST OF INDIA

Mumbai, Apr 30: To deal with problem of cyber crimes in the banking sector, the Reserve Bank today asked banks to set up committees to focus exclusively on information security management. "For banks, as purveyors of money in physical form or in bits and bytes, reliable information is even more critical and hence information security is a vital area of concern," an RBI working group said.
 The recommendations are on information security, e-banking, technology risk management and cyber frauds. The data and other informations are vital assets for banking operations. The working group report said that since information security affects all aspects of an organisation, in order to consider information security from a bank-wide perspective a steering committee of executives should be formed. It said an official of the rank of GM/DGM/AGM should be designated as Chief Information Security Officer .

Lastupdate on : Sat, 30 Apr 2011 21:30:00 Makkah time
Lastupdate on : Sat, 30 Apr 2011 18:30:00 GMT
Lastupdate on : Sun, 1 May 2011 00:00:00 IST



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