The rise in digitisation has increased the risk of cyber attacks and digital frauds, data breaches and operational failures, according to the Reserve Bank of India (RBI). In a report, the RBI called on banks and financial companies to improve risk management and tighten IT governance. The regulator warned of the use of mule bank accounts for digital fraud, which risk financial and reputational damage to banks.
Malicious apps posing as VPNs can turn your device into a tool for cyberattacks
In 2024, cybercriminals drastically increased their use of fake VPN apps to breach user data. Users who install these fake apps unknowingly allow their devices
