RBI issues draft on cybersafety for PSOs
he Reserve Bank of India has released the draft Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators.
The draft covers governance mechanisms for the management of cybersecurity risks, including information security risks and vulnerabilities, and specifies baseline security measures for ensuring safe and secure digital payment transactions.
The directions have been issued to ensure that the authorised non-bank Payment System Operators (PSOs) are resilient to traditional and emerging information systems and cybersecurity risks.
The RBI has invited feedback from stakeholders by June 30, 2023.