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IICA Qualified Independent Director
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Category Archives: ITA 2008
Karnataka High Court in defiance of State Human Rights Commission
It is reported that the Vacation bench of the Karnataka High Court has on a petition from Axis Bank issued an interim stay on the proceedings of Adjudication until 27th May when the regular bench will hear the petition. The … Continue reading
Posted in Cyber Crime, Cyber Law, ITA 2008
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Axis Bank Files Writ petition against Adjudicator of Karnataka
In an interesting development in Bangalore, Axis Bank which is a business client of the Government of Karnataka for e Governance payment system management has filed a writ petition against the Principal Secretary IT and BT of the Government of … Continue reading
Posted in Bank, Cyber Crime, ITA 2008, Uncategorized
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Break the Back of Bank Frauds
The Great E Bank Robbery in which US$ 45 million (Rs 250 crores) was drawn in cash in about 40000 fraudulent withdrawals spread over 12 and half hours on two different days, across 27 countries is an eye opener to … Continue reading
Posted in Bank, Cyber Crime, ITA 2008, RBI, Uncategorized
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INCERT to conduct enquiries on Great E Bank Robbery
As referred to in our earlier post on the $45 million Global Card fraud, IN CERT is reportedly conducting an enquiry on the security breach alleged to have occurred at the two card processing companies in India. . In the … Continue reading
Posted in Cyber Crime, ITA 2008
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Modus Operandi of the Great E-Bank Robbery
The recent Banking Fraud where US $45 million (Rs 250 crores) were withdrawn in cash across 27 countries was a sensational international cyber crime that warrants a serious analysis by all Cyber Crime and Cyber Security experts. What is intriguing … Continue reading
Posted in Bank, Cyber Crime, ITA 2008, RBI
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Bank Muscat suffers $39 M loss
Hacking of a Credit Card payment processing service provider in Bangalore has reportedly caused compromise of sensitive customer data for a Muscat Bank resulting in a loss of US$39 million. The Bank has claimed that no customer has suffered a … Continue reading
Posted in Cyber Crime, ITA 2008
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