RBI Cyber Security and Resilience Audit
The Reserve Bank of India (RBI), as the central banking institution of India, plays a crucial role in overseeing and regulating various financial and banking activities in the country. In the realm of cybersecurity and resilience, the RBI has put forth several guidelines and requirements for financial institutions to ensure the security and stability of the financial sector. These guidelines are designed to mitigate the risks associated with cyber threats and ensure the continuity of operations in the face of various challenges.
1. Cybersecurity and Information Technology Examination (CSITE) Framework: The RBI introduced the CSITE framework, which serves as a guide for conducting risk-focused IT and cybersecurity assessments of banks. It helps assess the overall cybersecurity and IT risk posture of banks and ensures they have effective controls in place to mitigate risks.
2. Guidelines on Cyber Security for Urban Co-operative Banks (UCBs): The RBI has issued specific guidelines to enhance cybersecurity measures for Urban Co-operative Banks, which includes the implementation of controls to protect against cyber threats, regular cybersecurity audits, and incident reporting.
