Search Results for: bank

This credit card fraud should be a lesson to Judges, Adjudicators and Banking Ombudsmen

The credit card fraud reported in media today involving use of 580 fake cards created by fraudsters resulting in withdrawals of Rs 2.84 crores from Kotak Mahindra Bank is a lesson to all those men in Judicial positions who have … Continue reading

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1710 Bank Frauds reported by Police..Does RBI have a count?

Dr Triveni Singh, the additional Superintendent Lucknow is emerging as a “Super Cyber Crime Cop” of the country having resolved many individual and organized cyber crimes in the areas around Noida and NCR region of Delhi. Dr Tiveni Singh is an … Continue reading

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Protect Bank Consumers from Frauds or be prepared for disaster..A warning to BJP Government

Naavi has been arguing from a long time that Banks are vicariously liable for Cyber Crimes in which customers lose money. It is under this argument that in the S.Umashankar Vs ICICI Bank case, the adjudicator of Tamil Nadu held … Continue reading

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Clarification on National Encryption Policy.. Does not mean E Banking is exempted from security

After criticism that emanated over the week end on the draft National Encryption Policy that the Government released last week, Government has quickly made some clarifications. The original policy is available here We had provided our comments and suggestions on … Continue reading

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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

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“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

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