The cue for this is that the Top Management of banks need to provide a missionary zeal for implementing IT security; their efforts would automatically ensure that the IT security related procedures are effectively implemented across all levels in the banks. iii. Thou shall have clear IT security policies and procedures.
One of the main characteristics of banking in India relates to the existence of well documented policies and procedures pertaining to their areas of operation. The IT security domain, however, cannot boast of a similar level of compliance.