RBI has recently released the Report of its Working
Group on Securing
Card Present Transaction that covers ATM Security and
Credit Card Security issues as well.
RBI has also recommended Cyber
Security Due Diligence for Banks of India. However,
despites these pro active steps, ATM Frauds are increasing in India.
One chief reason for this growth is that Banks in India are not
serious about Cyber Security and they are not
following the Recommendations of RBI.
See Cyber Crimes Investigation Centre Of India for more.
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