On June 2, The Reserve Bank of India (RBI) released a draft on Master Directions concerning Cyber Resilience and Digital Payment Security Controls for Payment System Operators (PSOs).
The Central Bank has on the hindsight asked for feedback from the stakeholders. It includes governance for areas related to identification, assessment, control and upkeep of cybersecurity risks like information security risks and vulnerabilities, and also incorporate secure digital payment transactions.
As per the issued statement, the Board of Directors (Board) of the PSO will ensure to offer enough sight for information, security checks, and other cyber risk and resilience.
The PSO will channelize a distinct Board approved under Cyber Crisis Management Plan (CCMP) to decode, and recuperate from cyber threats and cyber attacks.
Furthermore it will ensure risk assessment exercise concerned with any new product of service or any related infrastructural development.
