Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Category Archives: Cyber Crime
RBI is recommending unreasonable and Usurious charges for customers
I draw the attention of the Governor of RBI to the latest discussion paper released by RBI for disincentivising the use of cheques. If we go through some of the suggestions it appears that RBI has simply gone crazy. It … Continue reading
Posted in Bank, Cyber Crime, ITA 2008
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RBI out to openly violate laws of banking
Section 5(b) of the Banking regulation act of India defines “Banking” as follows: “banking” means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawal by cheque, … Continue reading
Posted in Bank, Cyber Crime, ITA 2008
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Phishing Frauds and Customer Liability
Here is an interesting paper about how in US and EU, losses arising out of password thefts such as Phishing are not borne by the customers. RBI needs to take special note of this. In particular I would like to … Continue reading
Posted in Bank, Cyber Crime, Cyber Law, Information Assurance
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Usage of Cheques are being disincentivised
Reserve Bank of India has released a discussion paper on a plan to disincentivise usage of cheques. Public have been asked to send their comments before February 28, 2012. Disincentivisation of cheques automatically means greater push to the electronic banking … Continue reading
Posted in Bank, Cyber Crime
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Is Indian Banking system hiding the risks?
The recent report of frauds in the Credit card system in India has given rise to a discussion on how safe is Indian Banking system and whether there is a systematic attempt to suppress threat information from public and give … Continue reading
Posted in Cyber Crime, ITA 2008
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Efficacy of Anti Virus software
The recent Chinese hacking of New York Times has raised the issue of the efficacy of anti virus or security softwares used by corporates. According to NYT, the hackers had installed 45 custom malware over the previous three months of … Continue reading
Posted in Cyber Crime
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