Category Archives: RBI

Modus Operandi of the Great E-Bank Robbery

Posted on May 12, 2013 by Vijayashankar Na

The recent Banking Fraud where US $45 million (Rs 250 crores) were withdrawn in cash across 27 countries was a sensational international cyber crime that warrants a serious analysis by all Cyber Crime and Cyber Security experts. What is intriguing … Continue reading →

Posted in Bank, Cyber Crime, ITA 2008, RBI | 1 Comment

Competitive Compliance is the need of the hour.. Naavi

Posted on May 3, 2013 by Vijayashankar Na

Speaking at the workshop on Safe E Banking, Naavi highlighted the regulatory aspects of Information Security in E Banking and the need for compliance. Speaking on the Risk mitigation guidelines released by RBI on February 28, 2013 and the fast … Continue reading →

Posted in Bank, Information Assurance, RBI | Leave a comment

Workshop on Safe E Banking

Posted on April 30, 2013 by Vijayashankar Na

A day long workshop on Safe E Banking is underway at Reserve Bank of India, Bangalore. Mr G.Gopalakrishna, The Regional Director of RBI, Mrs Uma Shankar, Regional Director of RBI at Bangalore has inaugurated the workshop. ED is delivering the … Continue reading →

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Migrating to Adaptive Authentication

Posted on April 29, 2013 by Vijayashankar Na

Banks in India have been traditionally using the “Legally Non Compliant”, “Password based Authentication” for their E Banking requirements. As a result there are frequent customer-Bank conflicts where the customer demands that Bank should undertake the liability on account of … Continue reading →

Posted in Bank, ITA 2008, RBI, Uncategorized | Leave a comment

46% of Bank Customers donot trust Internet Banking System! (?)

Posted on April 25, 2013 by Vijayashankar Na

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 | Leave a comment

New RBI guidelines on IS Vs Damodaran Committee

Posted on March 2, 2013 by Vijayashankar Na

RBI has been advising Banks from time to time on the information security in Banks. It was immediately after the ITA 2000 was notified in 2000 that RBI set out to first formulate its guidelines for cyber law compliant information … Continue reading →