RBI’s Cyber Shield: Exclusive “Bank.in” Domain to Zap Digital Frauds!
The Reserve Bank of India is launching a “bank.in” domain to fight digital financial fraud and enhance trust in digital banking. The Institute for Development and Research in Banking Technology will manage registrations starting April 2025. The RBI also plans a “fin.in” domain for non-bank entities and introduces Additional Factor of Authentication.
Hot Take:
Just when you thought your email inbox couldn’t handle any more phishing attempts, the Reserve Bank of India (RBI) swoops in like a cybersecurity superhero, armed with exclusive internet domains and a passion for multi-factor authentication. Move over, Batman, there’s a new caped crusader in town—and it’s got a snazzy “.in” domain to prove it!
Key Points:
- The RBI is launching a “bank.in” domain for Indian banks to combat digital financial fraud.
- Institute for Development and Research in Banking Technology (IDRBT) will be the sole registrar of this domain.
- Registrations for “bank.in” domains are expected to begin in April 2025.
- A separate “fin.in” domain will be introduced for non-bank financial entities.
- Additional Factor of Authentication (AFA) will be implemented for cross-border card-not-present transactions.
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