Search Results for: bank fraud

 After Mr K C Chakrabarthy, the former Executive Director of RBI, it appears that the mantle of Cyber Security has passed on to Mr R. Gandhi, Deputy Governor, who appears to be pushing the Commercial Bankers for better Cyber Security. … Continue reading →

The hacking of a Bangladeshi Bank last February where about $81 million was transferred by fraudsters hacking into the SWIFT Inter Bank money transfer system is a grim reminder of the weaknesses in our Banking eco system. The detailed account … Continue reading →

Naavi has been repeatedly emphasizing the need for banks to provide mandatory Cyber Insurance for the benefit of the customers as a support to the technology related innovations which have changed the threat landscape in the Banking industry. While new … Continue reading →

The recent developments in RBI with the issue of “Cyber Security Guidelines” on June 2, 2016 and formation of an IT Subsidiary which apart from overseeing the internal IT operations will guide the regulated Banks also has created a renewed … Continue reading →

Over the years, RBI has grown in multiple directions and the management of its responsibilities is getting increasingly complicated. The media is obsessed with the monetary policy related functioning of the RBI such as the management of interest rates and … Continue reading →