Author Archives: Vijayashankar Na

About Vijayashankar Na

Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance

Unified Payment Interface makes Mobile a better tool for financial frauds

Last week, Reserve Bank of India proudly announced the launch of a “Unified Payment Interface” (UPI) hailed as the next giant leap in “Digital Payment System Innovation”. UPI is expected to make our mobiles a universal instrument for all forms … Continue reading

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Mobile Apps of Banks ..Not audited by RBI?

Today, I received an interesting question posed to me through the Cyber Law Guru mobile APP. The question was posed by one by name “Sisirk” and stated as follows: Question: As per their RTI reply, RBI hasn’t really given permission … Continue reading

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Virtual Address of UPI scheme.. A pandora’s box

One of the suggestions under the Unified Payment Interface is that the participating bank would issue a “Virtual Address” to the customer. This will replace the account number. This virtual address would be used by remitters to send payment. This … Continue reading

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The Unification of Fraud possibilities through UPI

The Unified Payment System launched by RBI on 12th April 2016 on a platform managed by National Payment Corporation of India (NPCI) poses a huge challenge to the security of public money held in Banks. As we go forward, the … Continue reading

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Biggest data breach in Indian Banking ?

If you are an ICICI bank customer, beware that your Bank account information is open to anybody who is in possession of your mobile. This is breach of privacy under the age old Banking laws besides it is a violation … Continue reading

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Unified Payment Interface introduced… New Threats unleashed…

The RBI has introduced the Unified Payment Interface that is expected to change the way the current payment systems especially over mobile wallets change…hopefully for the better. NPCI (National Payment Corporation of India) has released the details of the architecture … Continue reading

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