Forensic auditor to probe card data breach -Governance Now

Forensic auditor to probe card data breach

State Bank of India (SBI) has blocked about 6 lakh cards

GN Bureau | November 23, 2016

#Data breach #forensic auditor #cards blocked #investigation

An independent investigation by a forensic auditor under Payment Card Industry Data Security Standard (PCI-DSS) framework is underway and the investigation will look into incidents of data breach, the finance ministry informed the Rajya Sabha on Tuesday.

SBI, which is India’s largest public bank, has blocked about 6 lakh cards as a measure against cyber fraud, the ministry said.

RBI has set up a Cyber Security and IT Examination (CSITE) Cell within its department of banking supervision last year.

The central bank also issued a comprehensive circular on Cyber Security Framework in Banks on June 2, covering practices pertaining to various aspects of cyber security.

The circular requires banks to have among other things, a cyber-security policy, cyber crisis management plan, a gap assessment vis-a-vis the baseline requirements indicated in the circular, monitoring certain risk indicators in this area, and report unusual cyber security incidents within 2 to 6 hours.

RBI has been carrying out IT examination of banks from last year. It has also set up a Cyber Crisis Management Group to address any major incidents reported including suggesting ways to respond and recover to/from the incidents.

RBI has also set up an IT Subsidiary, which would focus, among other things, on cyber security within RBI as well as in regulated entities.

Comments

Other News

How to promote local participation in knowledge sharing

Knowledge is a powerful weapon to help people and improve their lives. Knowledge provides the tools to understand society, solve problems, and empower people to overcome challenges and experience personal growth. Limited sources were available to attain information on the events in and arou

‘The Civil Servant and Super Cop: Modesty, Security and the State in Punjab’

Punjabi Centuries: Tracing Histories of Punjab Edited by Anshu Malhotra Orient BlackSwan, 404 pages, Rs. 2,150

What really happened in ‘The Scam That Shook a Nation’?

The Scam That Shook a Nation By Prakash Patra and Rasheed Kidwai HarperCollins, 276 pages, Rs 399 The 1970s were a

Report of India’s G20 Task Force on Digital Public Infrastructure released

The final ‘Report of India’s G20 Task Force on Digital Public Infrastructure’ by ‘India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development’ was released in New Delhi on Monday. The Task Force was led by the

How the Great War of Mahabharata was actually a world war

Mahabharata: A World War By Gaurang Damani Sanganak Prakashan, 317 pages, Rs 300 Gaurang Damani, a Mumbai-based el

Budget expectations, from job creation to tax reforms…

With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget presented in February was a typical vote-on-accounts, allowing the outgoing government to manage expenses in