Monthly Archives: October 2016
The Mega Data Breach. What should “Other” Banks and FinTech Companies do?
The Mega Data Breach of 32 lakh debit cards in India is reported to have affected 19 Banks directly. It is presumed that these are the banks whose debit cards passed through the poisoned switch maintained by NPCI to route … Continue reading
Let RBI show Who is the Boss
Over the last few days, there have been lot of discussions in all levels about what caused the mega data breach that compromised a suspected 32 lakh debit card data belonging 10 around 19 Banks. As we expected and desired, … Continue reading
RBI cannot remain silent.. and so also NPCI, CERT and Ministers of Home, IT and Finance
Naavi.org has pointed out several times in the past the security risks in the Indian Banking system and how the customers are vulnerable. We have also pointed out the responsibility of RBI in this regard. It is therefore no surprise … Continue reading
Challenge to Mr Urjit Patel.. Don’t let down Indian Banking system
When a catastrophe is about to hit us, we look upon leaders to respond with alacrity and with decisiveness. The difference between a Man Mohan Singh and Modi lies in that character of decisive action. Now such a challenge is … Continue reading
Law Should be Made for Compliance
Whenever a new law is framed, there are many stakeholders whose interests get affected. A law is normally meant for the Citizen of a country but is framed by the Government in consultation with those who are close to the … Continue reading
Police target WhatsApp Admins and Facebook posters once again
I refer to an article which appeared in Hindustan Times recently, (Read the article here). I also refer to the article on Police action in Tamil Nadu on rumours on Jayalalithaa’s health. The article on Jharkhand is headlined “WhatsApp admin … Continue reading