RBI's Leeladhar on challenges in banking security

In the speech 'Challenges in banking security' given on 22 June, Shri V Leeladhar of the Reserve Bank of India said that most cyber crimes in the financial sector involved an insider element of the institution concerned.

"Studies reveal that cyber crime has occurred when internal exposures are compromised," said Mr Leeladhar. The deputy governor has urged banks to give utmost importance to cyber security as large public funds are in stake. Cyber security has assumed importance in recent times and

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