RBI governor says IT systems of large banks strong, days after breach at BoB

The information technology (IT) systems of large Indian banks and other regulated entities are quite strong and robust, Reserve Bank of India (RBI) governor Sanjay Malhotra said on Wednesday, days after state-owned Bank of Baroda (BoB) suffered a cyber breach.

The breach reportedly exposed about 1 terabyte (TB) of customer and internal data after an employee’s email account was compromised.