An RTI query filed by Nagpur based NGO Cyber Awareness Organization (CAO) recently revealed that none of the banks in the country had drafted information security guidelines which are mandatory as per RBI’s guideline on electronic banking.
Speaking to the press during his visit to Nagpur recently, Naavi said “When RBI started allowing internet banking way back in 2001, it clearly laid the responsibility of data security and educating customers about the dos and don’ts on the banks. It was also advised that all banks offering the service take cyber crime insurance. None of that has happened even today”
