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Search Results for: bank
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
Posted in Cyber Law
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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
Posted in Cyber Law
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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
Posted in Bank, RBI
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Yet another Bank Fraud.. What will RBI say?
Bank frauds have been so common in India that it hardly surprises any body when a new fraud is reported. The Banks are after technology in a hurry and RBI has either no clue to the risks or is just … Continue reading
Posted in ITA 2008
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Syndicate Bank loses Rs 1.13 crores of customer’s money
In a repeat of a common cyber crime which have earlier been reported in the case of Exporters and Importers, an NRI customer of Syndicate Bank in Manipal has reportedly lost Rs 1.13 crores. It appears funny that the Bank … Continue reading
Posted in Cyber Law
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