Low investments in cybersecurity expose financial sector to threats: Experts

Cyberattack vulnerability in Asia-Pacific's financial sector is double the global average due to inadequate cybersecurity investments. With the introduction of the "bank.in" domain by the RBI, banks face increased risks during the migration process. Increased phishing attacks and data breaches underscore the need for robust cybersecurity measures.

Machine learning, AI models to power RBI's deep check

Besides catching hints of asset bubbles and sensing early signs of market disruptions by analysing patterns from historical data, macroeconomic numbers, and market behaviour, AI and ML models may come handy in 'stress testing' of banks. It could help regulators to be better positioned in ensuring that banks have enough capital to absorb shocks from slowing economy and plunging markets.