To combat cyber attacks, banks resort to mock drills

With increasing incidence of digital frauds and malware attacks in financial transactions, banks are now queuing up for cyber drills to check their preparedness to tackle such problems.

“There has been a perceptible increase in interest among banks to undergo mock cyber drills,” AS Ramasastry, Director, Institute for Development and Research in Banking Technology (IDRBT), an arm of the Reserve Bank of India, told Business Line.