July 18, 2025 07:28 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Bihar must be protected from malicious intentions of RJD and Congress: PM Modi | 'You deserve to suffer just like me': Over 60 Delhi and Bengaluru schools receive 'hoax' bomb threats | 'We would caution against any double standards': India on NATO's warning over Russia trade sanctions | Karnataka govt blames RCB for Bengaluru stampede, refers to Kohli's online message too | 'Premature and irresponsible': Indian pilots' body slams Air India crash probe report | Bihar CM Nitish Kumar announces free electricity upto 125 units ahead of assembly polls | Air India finds 'no issues' with fuel control switch on Boeing 787-8 planes after precautionary checks | Anchor runs mid-telecast as Israeli airstrikes hit Syria's state TV building | Rare oil painting of Mahatma Gandhi sells for an astounding Rs 1.7 crore | Brother of Yemeni man killed by Nimisha Priya opposes pardon of Kerala nurse
Digital Payment Security

RBI issues draft directions on cyber resilience, digital payment security controls for Payment System Operators

| @indiablooms | Jun 03, 2023, at 02:58 am

Mumbai: The Reserve Bank of India (RBI) on Friday released draft Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators (PSOs).

The Central bank has sought stakeholders’ feedback on the draft directions.

The draft Master Directions on Cyber Resilience and Digital Payment Security Controls for PSOs covers governance mechanism for identification, assessment, monitoring and management of cybersecurity risks including information security risks and vulnerabilities, and specify baseline security measures for ensuring safe and secure digital payment transactions.

The Central bank aims to create a framework to improve safety and security of the payment systems operated by PSOs for overall information security preparedness with an emphasis on cyber resilience, the release said.

On April 8, the RBI had said during the monetary policy meeting that it would issue these directions.

As per the directions, the Board of Directors (Board) of the PSO shall be responsible for ensuring adequate oversight over information security risks, including cyber risk and cyber resilience.

However, primary oversight may be delegated to a sub-committee of the Board which shall meet at least once every quarter.

The PSO shall formulate a Board approved Information Security (IS) policy to manage potential information security risks covering all applications and products concerning payment systems as well as management of risks that have materialised, release added.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm