RBI DG Jain for greater global coordination against cyber threats

Reserve Bank of India deputy governor MK Jain on Monday stressed the need for greater coordination among countries to tackle cyber attacks, saying these can impact financial inclusion efforts across the globe.

Speaking at an international event under India’s G20 presidency on Monday, Jain called for the formulation of a common framework against such risks and suggested six strategies to improve the global cyber security environment.

Jain acknowledged that cyber attacks can disrupt financial operations within banks and can have a significant impact on financial inclusion efforts across the globe.