The Reserve Bank today came out with a five-pillared strategic approach 'GUARD' to deal with cyber security threats being faced by Urban Cooperative Banks (UCBs).

The RBI said, it has become essential to enhance the security posture of UCBs to prevent, detect, respond to and recover from cyber-attacks.

Observing that the cybersecurity landscape will continue to evolve with wider adoption of digital banking channels, necessitating the UCBs to manage the associated risks effectively, the RBI said that the active collaboration within UCBs and their stakeholders would be necessary for sharing and coordinating various measures taken on cybersecurity aspects.

Source: All India Radio