Navigating risk in the urban banking landscape is perhaps the most crucial topic for any security and compliance boardrooms today. As the banking landscape transforms further due to the adoption of digital technologies, preparing for emerging cyber-attacks will be more challenging. Banks operating in urban regions cannot afford to be ignorant about the emerging landscape of cyber risks. And therefore, the Reserve Bank of India (RBI) has prescribed comprehensive cyber security controls for primary (Urban) Cooperative Banks (UCBs) in the form of a graded approach.
The purpose of this document is to highlight the framework and the annexures as per the new guidelines released by Reserve Bank of India on Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs).