Search Results for: bank
Data Theft by a Senior Bank Employee in Mumbai… Is it vendetta?
It is reported that Mumbai police are pursuing a data theft complaint against a senior Bank employee in Mumbai. According to this TOI report the senior employee, (a lady), with 20 years of working in the Bank in the past, … Continue reading
“Dyre” threat to Indian Bank customers
The threat of “Dyre” trojan discovered a few months back seems to have been upgraded with some recent reports with the finding of some variants. Dyre is a malware targetting customers of more than 1000 banks worldwide. Indian Banks are … Continue reading
Banks Prepare an assault on customers through Court actions
Naavi.org has been highlighting the fact that banks are conducting “Unsafe Banking” in pursuance of “Profit before Customer Service” and pushing Customers into greater and greater risks. RBI has through the 2001 guidelines on Internet Banking and again through the … Continue reading
Banks Brushing Data Security Issues under the carpet
“The general culture in our bank is to brush data security breach and loopholes under the carpet” says one of the senior executives of a leading Bank, according to this article in Midday. Mumbaikars beware! Your bank details are being … Continue reading
Extent of Cyber Fraud related Loss in Indian Banks
In an answer given in the Parliament, the IT Minister, (based on RBI records) has reported the following information on Cyber Frauds in Banks. Year No of cases(Card and Internet Banking) Amount (Rs Cr) 2011-12 10048 38 2012-13 8765 68 … Continue reading
Lessons from China to Indian Bankers and RBI
China Banking Regulations Commission (CBRC) has notified guidelines to the Banking industry to use “Secure and Controllable Technology” to strengthen the Internet based Banking system. This guideline has the potential to bring significant changes to the IT industry in China … Continue reading