The Reserve Bank of India (RBI) is sounding the alarm on cybersecurity risks in the financial sector, pushing banks and other institutions to step up their defenses. They’re advocating for smarter strategies like zero-trust frameworks (which assume no user or system is trustworthy by default) and AI-aware tools to fend off increasingly sophisticated cyberattacks. The RBI also flagged vendor lock-ins—where institutions become overly dependent on a single tech provider—as a potential systemic risk, warning it could leave the financial sector vulnerable.

Editor’s Note: As digital banking and AI-driven scams grow, so do the risks. The RBI’s warning isn’t just bureaucratic noise—it’s a wake-up call. If financial institutions don’t adapt, the fallout could range from massive fraud to broader system-wide instability. For everyday folks, this underscores why cybersecurity isn’t just a tech issue—it’s about keeping your money safe too.