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RBI to set up expert body to combat cyber crime
Hyderabad, Oct 24 (ANI): Reserve Bank of India (RBI) will set up an expert body to combat challenges of hacking and other cyber crimes, said its chief Raghuram Rajan. Rajan said that cyber security has attracted the attention of banking regulators and could soon be a "major part" of their routine examinations of banks. He added that banking regulators needed to address these concerns as cyber security threats become more prevalent and sophisticated and that cyber crime was a problem faced by banks and corporations worldwide. Earlier this month, online foreign exchange broker FXCM became the latest US corporation to become a victim of a cyber security attack, adding to a list that includes Target Corp, Apple and JPMorgan.