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The Reserve Financial institution itself was the sufferer of a cyber assault in December 2020 and has subsequently strengthened its personal resilience to cyber threat.
As a part of its strikes to tighten requirements below the Deposit Takers Act the Reserve Financial institution will seek the advice of later this 12 months on proposals to cut back the danger of cyber assaults on the monetary system.
In its Could Monetary Stability Report (FSR) it mentioned cyber threat would proceed to be a spotlight of its
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