Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Monthly Archives: May 2013
RBI should Inspect Bank’s Subsidiaries
The recent Banking frauds in India and abroad have indicated that the security breach not only occurs at the Bank (besides the customer) but more often at the outsourcing partner of the Bank. Whether the outsource partner is a big … Continue reading
Posted in Bank, Cyber Crime, Cyber Law, ITA 2008, Netizen's Forum, RBI
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Problem of Near Field Communication in Credit Cards
It has been reported by BBC that in a Marks and Spencer outlet it was observed that when one customer was trying to swipe his card for payment, the POS recorded the transaction by picking up card data from another card which … Continue reading
Posted in Cyber Law
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Another Great E Banking Robbery Could destroy our Banking system
The recent Bank Fraud in Mumbai in which an amount of Rs 2.41 crores was transferred out of RPG group’s account with Yes Bank coming close on the heels of US$45 million Card fraud in USA should raise the concerns … Continue reading
Posted in Bank, Cyber Crime, ITA 2008, RBI
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Companies should shun RTGS accounts
The recent fraud in Mumbai where Rs 2.41 crore was siphoned off from RPG group’s account through RTGS is a repetition of many such frauds which are happening on a regular basis in India. While we continue to debate that Banks are … Continue reading
Posted in Bank, Cyber Crime, ITA 2008, RBI
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Karnataka High Court needs to take note
Karnataka High Court has recently stopped the Karnataka Adjudicator from discharging his duty as an Adjudicator of Karnataka by granting a stay of proceedings on a petition of Axis Bank Vs Gujarat PtroSynthese Ltd complaint. This decision has been given … Continue reading
Posted in Cyber Law, ITA 2008
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Allahabad High Court issues notice to MIT on Grievance Redressal Officer
Under the rules framed under Section 79 of ITA 2008, it is necessary for all web sites operating in India to declare the name and contact details of the “Grievance Redressal Officer”. It is obvious that many websites/intermediaries have not … Continue reading
Posted in Cyber Law, ITA 2008
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