The Reserve Bank of India’s recent guidelines couldn’t have been more timely with the rise of digital payments and the demise of cash, driven by social distancing measures. As more users lean towards digital payment services, the chances of being exposed to cyber risk is high as each new service serves as a potential attack vector for cybercriminals. Effective cybersecurity management should be considered a cornerstone of trust to ensure both financial organisations and consumers can safely benefit from the opportunities in digital banking.
“Therefore, organisations cannot solely rely on outdated vulnerability management tools to detect threats in the modern attack surface. Their limited visibility into traditional IT environments causes security teams to completely miss any vulnerabilities that are present in the most dynamic aspects of the modern attack surface, including cloud, web apps, operational technology (OT) and container environments, where cybercriminals often scan to find the easiest way in.
“With over 18,000 vulnerabilities disclosed in 2020 alone, organisations need to cut through the noise and focus on the vulnerabilities that pose the most risk. Risk-based vulnerability management enables security teams to focus on what matters most, so as to make the best use of limited resources and stay ahead of adversaries.”– Kartik Shahani, Country Manager, Tenable India.