Bank of Baroda (BoB) World app scam could be tip of iceberg, RBI should appoint IT auditors in banks: Forum

Bank of Baroda (BoB) World app scam could be tip of iceberg, RBI should appoint IT auditors in banks: Forum

The RBI governor, Shaktikanta Das, has been urged by a civil society platform to implement an information security (IS) audit mechanism for banks that have mobile banking apps, and asked banks detect any malpractices, such as substitution of biometric details of customers at the time of account opening. “We now intent to convey our concerns…

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