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Author Archives: Vijayashankar Na
RBI has opened the doors for Cyber Insurance for E Banking Frauds
If the recent circular of RBI on limited liability for Customers in E Banking frauds becomes a reality, it would simultaneously open the doors for the Cyber Insurance Industry to offer products for Cyber Insurance to individual Bank customers. The … Continue reading
Posted in Cyber Law
2 Comments
What is Negligence of the Customer under RBI’s circular on Limited Customer Liability?
At the cost of repetition, we must congratulate RBI on its recent circular of August 11, on Customer Service in which they have proposed that customer’s liability on cyber frauds should be limited. Presently, a draft circular has been issued … Continue reading
Posted in Cyber Law
3 Comments
Limited Customer Liability on Bank Frauds.. Your Comments solicited by RBI
In a long awaited but highly welcome move, RBI has released a “Draft Circular” for public comments on “Limited Liability” for customers in case of frauds in Internet Banking and Card transactions. Suggestions/comments, if any, on the Draft Circular may be … Continue reading
Posted in Cyber Law
2 Comments
Cyber Security Framework and Directors of Banks- An Action Plan..for Now..
The Cyber Security Framework (CSF-2016) proposed by RBI to be implemented by Banks has posed a stiff challenge to the community of Bank Directors. After the lukewarm response to its previous guidelines including the E Banking Security Guidelines (GGWG Recommendations) … Continue reading
Posted in Bank, ITA 2008, RBI
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At Last, the Finance Ministry seems to have recognized Cyber Threats in Banks
It has been pointed out ad nauseam on this forum that Cyber threats in Banks are looming large to be considered as a “National Security Issue”. However, the commercial considerations in Banks have pushed technology solutions ahead of security considerations … Continue reading
Posted in Cyber Law
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Privacy Rights..Let’s preserve for the next generation.
“Privacy” is a concept most dear to human right activists and is considered as an important pillar of democracy. Constitutions of all democratic countries swear by Privacy Rights to its citizens. However, it is well known that no Government in the … Continue reading
Posted in Cyber Law
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