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RBI warns banks of cyberattacks, scheduled commercial banks at highest risk

RBI tells banks to beef up security due to potential cyberattacks, with 69% of cyberattacks on financial institution reported by scheduled commercial banks.
The financial sector reported more than 20,000 cyber attacks in the last 20 years, resulting in losses of $20 billion (Pixabay)
The financial sector reported more than 20,000 cyber attacks in the last 20 years, resulting in losses of $20 billion (Pixabay)

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News business RBI warns banks of cyberattacks, scheduled commercial banks at highest risk