Resilient & Secure Payment for Non-Bank Payment Systems

RBI’s Cyber Resilience Guidelines for Payment Security Compliance

RBI has introduced Master Directions on Cyber Resilience and Digital Payment Security Control guidelines, Dated July 30, 2024 for non bank Payment System Operators to bolster cybersecurity, implement resilience security practices and risk mitigation measures ensuring robust protection against evolving cyber threats. This framework is designed to bolster cybersecurity and resilience among regulated entities (REs) through a standards-based approach. The framework revolves around five core objectives: Anticipate, Withstand, Contain, Recover, and Evolve, inspired by CERT-In’s Cyber Crisis Management Plan (CCMP).

CompliSecure

Why does Cyber Resilience and Digital Payment Security Controls for non bank Payment System Operators Compliance Matters for Mobile App Security?

• Enhanced Fraud Prevention

  Enhanced Fraud Prevention uses AI and real-time monitoring to detect anomalies, block fraud instantly, and protect against financial threats.

• Strong Data Protection

  Stronger Data Protection uses encryption, access controls, and threat detection to prevent breaches and ensure data security, integrity, and compliance.

• Proactive Threat Monitoring

  Proactive Threat Monitoring uses AI and real-time analysis to detect risks, prevent attacks, and ensure security, compliance, and business continuity.

• Regulatory Compliance & Trust

  Regulatory Compliance & Trust ensures adherence to standards, reduces risk, and builds confidence through transparency, security, and ethical practices.

• Avoid Regulatory Penalties & Business Restrictions

  Ensure compliance with industry standards, legal frameworks, and security protocols to avoid penalties, fines, and disruptions, safeguarding business growth and long-term success

Ready to protect your Mobile App ?

Schedule a call with a Protectt.ai expert

Align Your Mobile Apps with Latest Cyber Resilience & Payment Security Controls

• PSO shall put in place a mechanism to ensure that the mobile application is free from any anomalies or exceptions for which the application was not programmed.

  AppProtectt Protectt.ai's Mobile App Security XDR Platform, safeguards against reverse engineering, tampering, spoofing, malware, spyware, & frauds like screen sharing, mirroring, and OTP misuse. It also validates runtime signature anomalies and detects app version changes.

• PSOs must maintain secure sessions throughout customer interactions. If disrupted or the app is closed, the session should end, and any affected transactions must be resolved or reversed.

  AppProtectt (Protectt.ai's Mobile App Security XDR Platform) provides Runtime Time Integrity Check

• PSOs must ensure device binding or fingerprinting with the device and SIM, and rebind if the app remains unused beyond a set period.

  AppBind (Protectt.ai's Zero Trust Device and SIM Binding Solution) provides Advanced Zero Trust Device Binding Solution to curb Identity Frauds.

• The PSO shall ensure that an online session on mobile application is automatically terminated after a fixed period of inactivity and customers are prompted to re-login.

  AppProtectt (Protectt.ai's Mobile App Security XDR Platform) provides Runtime Time Integrity Check

• PSOs must set a limit for failed login attempts before blocking app access, ensure a secure reactivation process, and promptly notify users of failed login attempts.

  AppBind (Protectt.ai's Zero Trust Binding Solution) prevents unauthorized access by binding device and SIM, while creating a unique digital identity for each user to enhance security.

• The PSO shall put in place a control mechanism, to identify any presence of remote access applications (to the extent possible) and prohibit access to the mobile payment application while the remote access is live.

  AppProtectt (Protectt.ai's Mobile App Security XDR Platform) can detect Screen Mirroring, Screen Overlay, and checks for any harmful application installation in the background.

• Whenever there is a change in registered mobile number or email ID linked to the payment instrument there shall be a cooling period of minimum 12 hours before allowing any payment transaction through online modes / channels.

  AppBind (Protectt.ai's Zero Trust Device and SIM Binding Solution) can identify for any change in registered mobile number / device to take necessary action.

By leveraging Protectt.ai's Innovative Award winning solution businesses can offload security concerns and focus on their core business logic, knowing that their mobile apps are protected and compliant with RBI’s recent guidelines.

Security Build for Speed and Scale

At Protectt.ai, we are shaping the future of cybersecurity with cutting-edge innovations.