Page 9 - Cyber Security Framework News Today : Breaking News, Live Updates & Top Stories | Vimarsana

RBI imposes Rs 5-cr penalty on Axis Bank for rule violations The Reserve Bank of India (RBI) on Tuesday said it has imposed a penalty of Rs 5 crore on Axis Bank for contravention of certain provisions of directions issued by the RBI, including on cybersecurity framework. The penalty has been imposed for "contravention of/non-compliance" with certain provisions of directions issued by the RBI. They include 'Strengthening the Controls of Payment Ecosystem between Sponsor Banks and SCBs/UCBs as a Corporate Customer'; 'Cyber Security Framework in Banks'; and 'Reserve Bank of India (Financial Serv...

Security. for example, we just at the commerce department, through nist, created the cyber security framework for -- and that's a framework being used not on by critical infrastructure companies, which is what it was created for, but it's now allowing all businesses to use a common language, common framework to assess the cyber security standards. we need to be doing more and more along that lien. what's so fantastic about that effort, it was absolutely a public/private partnership. we worked together collaboratively with the private sector to come up with the framework. and so, this is the ki...