Search Results for: bank

Bitcoin Payment Processor in Denmark Hacked

Posted on November 27, 2013 by Vijayashankar Na

A Denmark based Bitcoin payment processor BIPS faced a security breach last week resulting in loss of 1295 bitcoins worth around US $ 1 million. The loss has occurred both to the service provider’s own stock as well as a … 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 →

Posted in Bank, bitcoin, 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 →

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From CAPTCHA to GOTCHA?

Posted on November 10, 2013 by Vijayashankar Na

Internet  users are familiar with the CAPTCHA system of identifying website users where the users will be presented with a picture which is humanly readable but difficult for a machine to read. When CAPTCHA is used in this manner the website … Continue reading →

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Will the CM of Karnataka respond?

Posted on November 7, 2013 by Vijayashankar Na

Continuing the relentless effort to restore the availability of Judicial support to the Cyber Crime victims of India, the undersigned has recently written a letter to the Chief Minister of Karnataka namely Mr Siddaramaiah. This is the fourth time the … Continue reading →

Posted in Cyber Law, ITA 2008 | Leave a comment

Board Room Responsibility for Cyber Security

Posted on October 19, 2013 by Vijayashankar Na

The undersigned has been highlighting the need for Directors of Companies and the CEO to take responsibility for Cyber Security in an organization. Section 85 of ITA 2008 as well as Section 79 has clearly laid out the need for … Continue reading →

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