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Category Archives: Bank
Tata Sons withdraws Application for Banking license
In a decision that looks surprising to many, Tatasons has withdrawn its application for Banking license. Refer story This is the second group after Videocon to have withdrawn its application. It would be interesting to observe the impact of the … Continue reading
Posted in Bank, Cyber Law
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The threat of Bitcoins…Attention RBI
An article in Forbes raises an interesting aspect on how China may be preparing for a new Cyber War front based on controlling the virtual currency. See the article here Readers of Naavi.org are familiar with the discussions on “Linden” … Continue reading
Posted in Bank, bitcoin, Cyber Crime, RBI
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Future of ATM banking in India
Yesterday’s physical attack on an ATM customer at Bangalore should be an eye opener for all security professionals who are interested in security as well as Bank professionals who are promoting for increased use of ATM as a customer service … Continue reading
Posted in Bank, Cyber Crime, RBI
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Time to question safety of ATMs?
So far we have been debating the cyber crime risks associated with ATMs and the need for Banks to assume responsibility. However today an incident in Bangalore has changed the perspective completely and throwing up basic questions on whether at … Continue reading
Posted in Bank, RBI
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RBI mandates Bank liability for POS frauds
RBI had announced certain risk mitigation measures for Card Present transactions vide 22nd Sept 2011. Under this circular, it had been mandated that Banks should implement commercial readiness of acquiring infrastructure to support PIN based POS systems before June 30, … Continue reading
Posted in Bank, RBI
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Facebook Banking application from ICICI Bank
The ICICI Bank application on Face Book that facilitates money transfers to “Friends” is reported to have the following functionality. The application is called “Pockets” -Split & Share that allows customers to split and track expenses and share them with … Continue reading
Posted in Bank
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