RBI And SEBI Step Up Cybersecurity Vigilance Amid Rising AI Threats
· Business · Indian Express, CNBC
Indian financial regulators are intensifying cybersecurity oversight as artificial intelligence-driven fraud and deepfakes target critical financial systems. The Reserve Bank of India released a comprehensive cybersecurity framework late last month for banks and financial institutions, flagging the potential use of a kill switch. Meanwhile, the Securities and Exchange Board of India introduced an IT Resilience Index for market infrastructure institutions such as clearing corporations and exchanges. The SEBI index incorporates nine parameters, including availability, security, reliability, and modularity, to quantify cyber readiness. Both regulators have raised concerns over sophisticated threats, including fraudsters using deepfake voices to bypass KYC protocols.
Why it matters
The new regulatory frameworks establish mandatory cybersecurity benchmarks and boardroom accountability for Indian banks and financial market infrastructures against advanced AI-driven attacks.
Read the original report — Indian Express
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