Search Results for: bank

All E Bank/Mobile Bank and Credit/Debit/ATM Card Users..Please watch and respond..

Click Here to send email  in response to RBI View Here Naavi’s views https://www.naavi.org/wp/?p=4548 http://www.naavi.org/?p=4563

Posted in Cyber Law | Leave a comment

If You are a Bank Director.. Your Independence Day Resolution Should be…

I draw the attention of all the individuals who hold the position of a Director in any of the Scheduled Commercial Banks in India including RRBs as well as Cooperative Banks about the new responsibility thrust on them by RBI … Continue reading

Posted in Cyber Law | Leave a comment

RBI has opened the doors for Cyber Insurance for E Banking Frauds

If the recent circular of RBI on limited liability for Customers in E Banking frauds becomes a reality, it would simultaneously open the doors for the Cyber Insurance Industry to offer products for Cyber Insurance to individual Bank customers. The … Continue reading

Posted in Cyber Law | 2 Comments

Limited Customer Liability on Bank Frauds.. Your Comments solicited by RBI

In a long awaited but highly welcome move, RBI has released a “Draft Circular” for public comments on “Limited Liability” for customers in case of frauds in Internet Banking and Card transactions. Suggestions/comments, if any, on the Draft Circular may be … Continue reading

Posted in Cyber Law | 2 Comments

Cyber Security Framework and Directors of Banks- An Action Plan..for Now..

The Cyber Security Framework (CSF-2016) proposed by RBI to be implemented by Banks has posed a stiff challenge to the community of Bank Directors. After the lukewarm response to its previous guidelines including the E Banking Security Guidelines (GGWG Recommendations) … Continue reading

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

At Last, the Finance Ministry seems to have recognized Cyber Threats in Banks

It has been pointed out ad nauseam on this forum that Cyber threats in Banks are looming large to be considered as a “National Security Issue”. However, the commercial considerations in Banks have pushed technology solutions ahead of security considerations … Continue reading

Posted in Cyber Law | Leave a comment