Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Category Archives: RBI
Bitcoin Regulation.. Where should the focus be?
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
Posted in bitcoin, Cyber Crime, RBI
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Negligence of Export Promotion Councils, ECGC and Banks lead to Rs 2.35 crore fraud
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
Posted in Cyber Crime, RBI
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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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