Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

India Launches Bank Domain to Combat Fraud

February 10, 2025
Reading Time: 2 mins read
in News
India Launches Bank Domain to Combat Fraud

The Reserve Bank of India (RBI) is set to introduce an exclusive “bank.in” internet domain to help curb digital financial fraud and enhance security in the country’s banking sector. This move is aimed at reducing cyber threats, particularly phishing, and improving overall trust in online banking and payment services. The initiative is part of the RBI’s broader strategy to secure financial transactions and streamline banking operations, offering users greater confidence in digital platforms.

The Institute for Development and Research in Banking Technology (IDRBT) will serve as the exclusive registrar for these domains. Banks are expected to begin registering for the “bank.in” domain starting in April 2025. This exclusive domain is designed to help protect against malicious activities by clearly differentiating legitimate banking websites from potentially fraudulent ones, ensuring a safer environment for digital banking in India.

In addition to the new domain, the RBI plans to roll out a separate “fin.in” domain to serve other non-bank entities in the financial sector.

This extension is intended to further enhance security and facilitate the identification of authorized financial institutions. These moves reflect the RBI’s continued commitment to strengthening India’s digital financial ecosystem and addressing the increasing risks associated with cyber threats in the sector.

To further improve security, the RBI is also introducing Additional Factor of Authentication (AFA) for cross-border card-not-present online transactions. AFA, which is a form of multi-factor authentication (MFA), adds an extra layer of protection for digital payments made through cards, prepaid instruments, and mobile banking channels. While the RBI has not mandated a specific authentication method, SMS-based one-time passwords (OTPs) are widely used as part of this security protocol.

Reference:
  • India Introduces Exclusive Bank Domains to Enhance Digital Payment Security
Tags: Cyber NewsCyber News 2025Cyber threatsCybercriminalsFebruary 2025
ADVERTISEMENT

Related Posts

UK Cyber Talent Demand High With Skills Gap

Japan enacts a new Cyberdefense Law

May 19, 2025
UK Cyber Talent Demand High With Skills Gap

Hackers Net $1M For ZeroDay Flaws at Pwn2Own

May 19, 2025
UK Cyber Talent Demand High With Skills Gap

UK Cyber Talent Demand High With Skills Gap

May 19, 2025
Lawmakers Urge Cyber Bill Renewal Soon

Lawmakers Urge Cyber Bill Renewal Soon

May 16, 2025
Lawmakers Urge Cyber Bill Renewal Soon

US Charges 12 More in $230M Crypto Theft

May 16, 2025
Lawmakers Urge Cyber Bill Renewal Soon

Proofpoint to Acquire Hornetsecurity

May 16, 2025

Latest Alerts

Mozilla Urgent Firefox Patch Fixes RCE Flaws

ModiLoader Malware Targets Windows Users

Glibc Flaw Gives Linux Root Access Risk

Fileless Remcos RAT Delivery Via LNK Files

FBI Warns of AI Voice Phishing Scams

APT28 RoundPress Webmail Hack Steals Emails

Subscribe to our newsletter

    Latest Incidents

    Massive DDoS Hits Poland’s Civic Platform

    Arla Plant Cyberattack Halts Operations

    Georgia’s Harbin Clinic Hit by Data Breach

    Hackers Target Swiss Reserve Power Plant

    Coinbase Insider Attack Exposed User Data

    Cyberattack Hits J Batista Group

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial