Search Results for: bank

RBI and ECGC should consider trade remittances to Hong Kong as Highly Risky

Posted on July 14, 2013 by Vijayashankar Na

  OPEN LETTER TO RBI AND ECGC To Reserve Bank of India Exchange Control Department Mumbai and ECGC of India Mumbai Sub: Increasing Hong Kong Risk for Importers and Exporters from India Dear Sir I have recently come across two … Continue reading →

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Android Vulnerability Exposed

Posted on July 5, 2013 by Vijayashankar Na

A research firm in UK has found a vulnerability in the Android mobile software which can be used as a “Master Key” where by an intruder can take complete control of the phone. The bug could be exploited to let an … Continue reading →

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Norton Estimate 4.2 crore cyber crime victims in India each year

Posted on June 24, 2013 by Vijayashankar Na

According to Norton’s “Internet Security Threat” report, India has 4.2 crore Cyber Crime victims in 2012. (Report in Business Standard). According to the report, the total cost of Cyber Crimes globally is US$110 billion( approx: Rs 6,60,000 crores) of which … Continue reading →

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Cyber Crime Insurance getting attention

Posted on June 20, 2013 by Vijayashankar Na

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 →

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A Mule arrested in Mumbai for Phishing Fraud

Posted on June 20, 2013 by Vijayashankar Na

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 →

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ATM Insecurity Exposed

Posted on June 15, 2013 by Vijayashankar Na

In India, Banks  are pushing Customers to interact with them only through ATMs. Even RBI is encouraging this mode of interaction and discouraging customers from visiting bank branches. As a result of this policy, Bank customers are being exposed to … Continue reading →

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