Naavi
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IICA Qualified Independent Director
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Category Archives: Information Assurance
Banks can be fined upto Rs 1 crore for violating RBI regulation
The Banking Regulation Act amendment Act 2012 which was recently passed by the Parliament has now become effective.(See PIB Press Release). It amends several provisions of the Banking Regulation Act 1949. Some of the amendments are directed towards new Branch … Continue reading
Posted in Bank, ITA 2008
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46% of Bank Customers donot trust Internet Banking System! (?)
An interesting survey conducted in three countries namely US,UK and Germany have indicated that 46% of the consumers donot trust websites which rely only on “Passwords” for authentication. (Refer findings here) If the findings of this survey is extended to … Continue reading
Posted in Bank, Cyber Law, RBI
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How Much is our Risk Appetite?
In Information Assurance/Security management we often feel that organizations are not as receptive as we the consultants feel they should to emerging threats. For those of us who follow the incidence of Cyber Threats around the world, there appears to … Continue reading
Posted in Information Assurance, Uncategorized
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Payment authentication through missed calls?
A new system of online payment authentication through “missed Calls” has been launched by a company in India and is being suggested as a system of Two Factor Authentication which is better than the OTP system now being used. According … Continue reading
ICICI Bank, AXIS Bank and HDFC Bank involved in money laundering
A sting operation by an organization called Cobrapost has revealed that three Banks namely ICICI Bank, Axis Bank and HDFC Bank are involved in systematic money laundering operations. What is important now is not to just close this incident as … Continue reading
Posted in Bank, Cyber Crime
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Mobile Payments-FTC workshop
The Federal Trade Commission (FTC) of USA which oversees consumer protection requirements has come up with a document on mobile payments. The document discusses aspects such as concerns on third party billing in carrier bills, data security, dispute resolution and … Continue reading
Posted in Bank, Cyber Crime, Cyber Law
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