Search Results for: bank
Rs 820 crore fraud in UCO Bank IMPS system busted
CBI has successfully investigated a fraud in UCO Bank where two support engineers manipulated the system which resulted in credits to accounts without a corresponding transfer of money from the sending bank to the receiving bank. See report in NewIndian … Continue reading
New Information Security Governance Framework for Banks and other Regulated Entities.
On November 7, 2023, Reserve Bank of India has made a major announcement related to Information Security Governance applicable to all Regulated entities (RE) . These guidelines will henceforth be considered as “Reasonable Security Practice” requirements and “Due Diligence” for … Continue reading
“Set a thief to catch a thief”… In the context of AI in Banks
AI is the buzzword in the tech world right now. Any software developer today meeting a client will first try to project how AI is built into his product to make it more efficient and cost effective. Every industry is … Continue reading
Blockchain Banking… Is it required?
Blockchain Banking or Crypto Banking has been one of the applications of the Blockchain technology which is being discussed in some security circles. It is being hailed as “Secure”, “Transparent”,” resistant to fraud” and eliminates the need for third party … Continue reading