India needs statute protecting common citizen against cyber frauds: RBI

The Reserve Bank of India (RBI) executive director G Padmanabhan has called for the need for a statute protecting a common citizen against cyber fraud or cyber crime.

“Cyber-attack is generally met with panic. A policy that clearly states the roles and responsibilities of each stake holder and the response that is required for each scenario will ensure that panic is replaced with decisive action,” said Padmanabhan at the Sri Chithira Thirunal Memorial Lecture Series on Saturday in his speech.
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