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RBI decided to set up Committee on Cyber Security

Feb 10, 2017 10:00 IST

The Reserve Bank of India (RBI) in the second week of February 2017 decided to set up a Standing Committee on Cyber Security.

The primary responsibility of the committee is to examine various threats and suggest measures to deal with it.

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The committee will also be mandated to suggest appropriate policy interventions to strengthen cyber security and resilience in a bid to strengthen cyber security system.

Terms of Reference of the Committee

• The committee will the threats inherent in the existing or emerging technology on an ongoing basis.

• It will study the ecosystem related to various security standards and protocols in the digital financial world.

• It will also suggest appropriate policy interventions to strengthen cyber security and resilience.

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Read more Current Affairs on: RBI committee , Cyber Security , fintech , frauds internet

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