RBI tightens payments security norms for banks, digital payment operators
RBI tightens payments security norms for banks, digital payment operators SECTIONS Last Updated: Feb 18, 2021, 09:15 PM IST Share Synopsis “The Master Direction provides necessary guidelines…to set up a robust governance structure and implement common minimum standards of security controls for digital payment products and services,” the central bank said in a circular. Reuters The new rules come at a time when India’s burgeoning payments ecosystem has seen increased instances of outages, frauds and cyber-breaches. Mumbai: The central bank late Thursday sought to strengthen India's di...
Source: indiatimes.com