Millennium Post

RBI adds cyber security after Bangladesh bank heist

Reserve Bank Governor Raghuram Rajan on Tuesday said the country has taken enough preventive measures following a recent $951-million cyber heist scandal involving the Bangladesh central bank. 

“What happened in Bangladesh is certainly a source of concern for all of us, and we have taken some measures and are continuing to understand better what actually happened so that we can further our measures,” Rajan told reporters. 

He, however, did not elaborate. Terming cyber security as an important risk people know little about, Rajan said RBI has identified one person to head the central bank’s cyber security subsidiary, and soon it will start hiring people to beef up the wing.
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