Companies owe it to their customers to duly notify them of cyber attacks involving personal information leaks.
When I started writing on fintech, some six years ago, cybersecurity incidents at financial institutions were few and far between. The number of cyber attacks and data leaks has gone up considerably since. Ask any cybersecurity expert, and they will tell you that we have entered a new era of internet security.
In response, financial regulators—the Reserve Bank of India and the Securities and Exchange Board of India—and the Indian Computer Emergency Response Team, or CERT-In, have updated their cybersecurity guidelines to ensure companies follow best practices. For instance, the window to report a cybersecurity incident to the regulators has …
Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.
Writer
advait@mailtmc.com
Mumbai