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RBI to issue cybersecurity norms for payment services
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‘Firms must surpass minimum standards to ensure safety’
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Eyes wide open: Individual users have to be aware of the risks in undertaking digital transactions, says Rabi Sankar.
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‘Firms must surpass minimum standards to ensure safety’
The Reserve Bank of India (RBI) will soon issue cybersecurity norms for payment service providers (PSPs), following a series of data breaches faced by operators including Mobikwik and payment aggregator JusPay, a top RBI official said.
While the standards for fintech-driven payment services providers will be similar to cyber hygiene norms issued recently for banks and non-banking finance companies, the RBI is quite clear that firms will have to do more than observe the minimum standards to ensure safety as digital transactions gain further traction. ....

T Rabi Sankar , India International Centre , University Of Essex , National Payments Corporation Of India , Reserve Bank , Big Tech , National Payments Corporation , Cybersucrity Laws , டி ராபி சங்கர் , இந்தியா சர்வதேச மையம் , பல்கலைக்கழகம் ஆஃப் எசெக்ஸ் , தேசிய கொடுப்பனவுகள் நிறுவனம் ஆஃப் இந்தியா , இருப்பு வங்கி , பெரியது தொழில்நுட்பம் , தேசிய கொடுப்பனவுகள் நிறுவனம் ,