Reserve Bank of India issued a circular addressed to urban cooperative banks in India highlighting the importance of cybersecurity. The approach, RBI explains, will ensure that the UCBs with high IT penetration and offering all payment services are brought at par with other banks having mature cybersecurity infrastructure and practices. Among its directives, the most important one for the community of cybersecurity leaders in the country is that the IT/IS governance framework would include appointing a Chief Information Security Officer (CISO) at all urban co-operative banks. The Institute for Development and Research in Banking Technology (IDRBT) may set up a separate CISO forum.”]