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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 21-NOV-2024

FOREIGN BANKS: DID NOT IMPLEMENT SYSTEMS TO DETECT UNUSUAL AND UNAUTHORIZED, INTERNAL OF EXTERNAL ACTIVITIES IN DATABASE

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BANK OF BAHRAIN & KUWAIT B.S.C.
  DID NOT IMPLEMENT SYSTEM TO GENERATE ALERTS ON REAL TIME BASIS, INTEGRATE LOGS WITH CENTRALIZED MONITORING SOLUTION AND REVIEW ALERTS/LOGS

DID NOT IMPLEMENT MULTI FACTOR AUTHENTICATION TO ACCESS CRITICAL SERVERS

DID NOT DISALLOW ADMINISTRATIVE RIGHTS ON END POINTS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CYBER SECURITY FRAMEWORK IN BANKS

DID NOT IMPLEMENT APPROPRIATE SYSTEMS AND CONTROLS TO ALLOW, MANAGE AND MONITOR ACCESS TO CRITICAL SERVERS

DID NOT HAVE CYBER CRISIS MANAGEMENT PLAN

DID NOT ENABLE AUDIT LOGS FOR DATABASE AND OPERATING SYSTEM OF SERVERS

DID NOT IMPLEMENT SECURITY OPERATIONS CENTRE TO OBTAIN REAL-TIME/NEAR-REAL TIME INFORMATION AND INSIGHT INTO SECURITY POSTURE OF THE BANK

DID NOT IMPLEMENT SYSTEMS TO DETECT UNUSUAL AND UNAUTHORIZED, INTERNAL OF EXTERNAL ACTIVITIES IN DATABASE   		IMPOSED PENALTY RS.2,66,00,000

12-DEC-2022 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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