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Banks told to stay vigilant amid intel on cyberattack threat

Banks told to stay vigilant amid intel on cyberattack threat

Apart from continuously checking network activities and server logs to detect malicious intrusions, banks will have to monitor critical payment systems such as SWIFT (the messaging system to confirm cross-border fund transfers), card network (which facilitates card payments), the online local fund transfer frameworks RTGS, NEFT and UPI, the real-time payment system.

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