Category Archives: RBI

Bitcoin Regulation.. Where should the focus be?

Posted on December 4, 2013 by Vijayashankar Na

We have been watching Bitcoin exchange rates growing exponentially at MtGox attracting the attention of regulators both from the point of view of the possible effect on the monetary controls of the Sovereign States and loss of Tax revenue besides … Continue reading →

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Negligence of Export Promotion Councils, ECGC and Banks lead to Rs 2.35 crore fraud

Posted on November 27, 2013 by Vijayashankar Na

In what has now become a routine type of fraud, a tobacco exporter  in Andhra has been defrauded to the extent of Rs 2.35 crtores.  Naavi.org recalls its open letter  to RBI and ECGC in its post on July 14, 2013 … Continue reading →

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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 →

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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 →

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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 →

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RBI mandates Bank liability for POS frauds

Posted on September 27, 2013 by Vijayashankar Na

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 →

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