Category Archives: Information Assurance

Electronic Frauds in Banks.. New guidelines to benefit Customers

Posted on January 1, 2014 by Vijayashankar Na

The year 2014 has started with some good news for Bank fraud vicitms. According to today’s Economic Times, it is stated that the new code released by the Banking Codes and Standards Board of India (BCSBI) states that “Customers will … Continue reading →

Posted in Bank, ITA 2008 | Leave a comment

More Credit Card frauds in store

Posted on December 19, 2013 by Vijayashankar Na

Recently a fraud of Rs 63 lakhs involving  gross negligence by Bank employees not ruling out their involvement. It is said that the Bank believed that the customer had a sore throat and executed large transactions including closing of FDs … Continue reading →

Posted in Bank, Cyber Crime | Leave a comment

Tata Sons withdraws Application for Banking license

Posted on November 28, 2013 by Vijayashankar Na

In a decision that looks surprising to many, Tatasons has withdrawn its application for Banking license. Refer story This is the second group after Videocon to have withdrawn its application.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 | Leave a comment

The threat of Bitcoins…Attention RBI

Posted on November 25, 2013 by Vijayashankar Na

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 | Leave a comment

Future of ATM banking in India

Posted on November 20, 2013 by Vijayashankar Na

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 | Leave a comment

Time to question safety of ATMs?

Posted on November 19, 2013 by Vijayashankar Na

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 | Leave a comment