Cyber Resilience Framework for Financial Institutions & Fintechs
Table of Contents
The Escalating Cyber Threat Landscape for Financial Services
Banks, NBFCs, payment gateways, and fintech startups handle high-value monetary transactions and sensitive customer financial records, making them prime targets for sophisticated ransomware, credential stuffing, and supply chain API attacks.
Core Pillars of the RBI Cyber Security Framework
The Cyber Resilience Framework requires financial institutions to implement: Real-Time Security Operations Center (SOC) Monitoring, Network Micro-Segmentation, Continuous Vulnerability Assessment & Penetration Testing (VAPT), Data Loss Prevention (DLP), and Encrypted API Gateways.
Incident Response Readiness and Board Governance
Financial institutions must maintain tested Incident Response Playbooks, conduct regular cyber crisis simulation drills, and submit mandatory cyber incident reporting to CERT-In and RBI regulators within mandated timeframes.