Recommendations of the Working Group on Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds You would be aware that following the recommendations of the Working Group on Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds, guidelines have been issued to the banks.
The guidelines are not “one-size-fits-all” and the implementation of these recommendations need to be risk based and commensurate with the nature and scope of activities engaged by banks, the technology environment prevalent in the banks and the support rendered by technology to the business processes.