India Introduces Exclusive Domains for Banks to Combat Cybercrime

India is launching exclusive domains for banks and financial services providers to enhance cybersecurity and combat phishing attacks. The Reserve Bank of India (RBI) announced that a “.bank.in” domain will be introduced for banks starting April, followed by a “.fin.in” domain for non-bank financial firms.

The initiative aims to reduce cyber threats, such as phishing, and streamline secure financial services, boosting trust in digital banking and payment systems. The Institute for Development and Research in Banking Technology (IDRBT) will serve as the exclusive registrar for the new domains.

The RBI stated, “This move will enhance the security of digital financial services and protect consumers from malicious activities.”