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Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Category Archives: Information Assurance
“Deep Pockets” need not be the sole criteria for Bank licenses
A day after the announcements of the 2013 Banking license aspirants, debate has started on whether RBI will dilute its norms to favour any of the licencees either before or after the granting of the license. The statement of the … Continue reading
Posted in Bank, RBI
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Banking Licenses and Public Sector aspirants
The list of 26 new Banking license aspirants provide an interesting contrast and a challenge to RBI to ensure that the long term Banking policies set by RBI will be adequately served by the right choice of licensees. Initially, it … Continue reading
Posted in Bank, RBI
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New Banking License-Let’s Remember Gandhian Principles of Banking
Reserve Bank of India has released the list of 26 Banking license applicants who have sought licences under the new licenses to be released. The list of aspirants is as follows. 1. Aditya Birla Nuvo Ltd., Mumbai. 2. Bajaj Finserv … Continue reading
Posted in Bank, RBI, Uncategorized
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Cyber Crime Insurance getting attention
Naavi has been highlighting the need for Indian Banks to obtain Cyber Crime Insurance as suggested by RBI in 2001 and ensure that customers are spared from the phishing liabilities. However Banks have been generally reluctant under the ground that … Continue reading
Posted in Bank, Cyber Crime, Cyber Law, Information Assurance, RBI
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A Mule arrested in Mumbai for Phishing Fraud
Mumbai Police have arrested a person in Delhi and charged him for the phishing fraud in Bank of Maharashtra, Mumbai where a Cooperative Bank (Deccan Merchant Co operative bank)had lost Rs 1.5 crores. The arrested person is one of the … Continue reading
Posted in Bank, Cyber Law
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Data Breach Costs in India
A study by Symantec and Ponemon institute on “Cost of Data Breach Study: Global Analysis-2013” has provided some interesting insights into the efficacy of information security and consequences of data breach. The study covers data breach incidents which occurred in … Continue reading
Posted in Cyber Crime, Information Assurance, ITA 2008
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