Star SS Enterprises serving its customers through digital platform during pandemic

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Star SS Enterprises 1 | VAR India | Latest Technology 2021 | New

Star SS Enterprises serving its customers through digital platform during pandemic

Star SS Enterprises serving its customers through digital platform during pandemic.

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    A recent report says, The Reserve Bank of India has announced a new set of guidelines for the digital banking and payments ecosystem, which requires regulated entities (REs)—scheduled commercial banks, small finance banks, payments banks and credit-card-issuing NBFCs—to conduct periodic assessment of apps and associated third-party services. REs will also be required to assess cyber-risk parameters like technology stack, operational risk, and data storage. REs will also have to employ trained, in-house resources for managing cyber-risk, and adhering to guidelines on engaging third-party operators, in case of out-sourcing. From conducting source-code checks, vulnerability testing, and penetration testing every six months for payment systems, RE’s will also be required to conduct rigorous third party periodic testing, and also be subject to penal provisions in case of no compliance.

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