Cyber-Risk Management

Vasant Chintaman Joshi
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Vasant Chintaman Joshi: Bank of India

Chapter Chapter 9 in Digital Finance, Bits and Bytes, 2020, pp 131-150 from Springer

Abstract: Abstract Having legal remedies facilitates bringing in the state machinery for dealing with such crimes. The various acts do work to some extent in preventing the nefarious acts. The race to develop security measures and being ahead of the perpetrators is one kind of challenge the FIs have to meet. On the other hand, through periodic tests, being vigilant about employee discontent and learning from experience of others are the steps that FIs can take to build up their resilience. Regulatory like Bank of England along with other authorities have come to the rescue of institutions and conduct periodic checks to ensure that to some extent the dangers are warded off. Like in all such matters, the top management has to throw its’ weight fully behind such measures.

Date: 2020
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DOI: 10.1007/978-981-15-3431-7_9

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