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Search Results for: bank
Negligence of Export Promotion Councils, ECGC and Banks lead to Rs 2.35 crore fraud
In what has now become a routine type of fraud, a tobacco exporter in Andhra has been defrauded to the extent of Rs 2.35 crtores. Naavi.org recalls its open letter to RBI and ECGC in its post on July 14, 2013 … Continue reading
Posted in Cyber Crime, RBI
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Future of ATM banking in India
Yesterday’s physical attack on an ATM customer at Bangalore should be an eye opener for all security professionals who are interested in security as well as Bank professionals who are promoting for increased use of ATM as a customer service … Continue reading
Posted in Bank, Cyber Crime, RBI
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Quick Action By Police Recovers Bank fraud proceeds
Quick action by Police in Ahmedabad helped a Bank customer recover Rs 18 lakhs lost out of a phishing attack. Refer Article in TOI The incident highlights how quick action by Police and the Bank can reduce/eliminate the losses in … Continue reading
Posted in Cyber Law
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RBI mandates Bank liability for POS frauds
RBI had announced certain risk mitigation measures for Card Present transactions vide 22nd Sept 2011. Under this circular, it had been mandated that Banks should implement commercial readiness of acquiring infrastructure to support PIN based POS systems before June 30, … Continue reading
Posted in Bank, RBI
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Facebook Banking application from ICICI Bank
The ICICI Bank application on Face Book that facilitates money transfers to “Friends” is reported to have the following functionality. The application is called “Pockets” -Split & Share that allows customers to split and track expenses and share them with … Continue reading
Posted in Bank
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Discussion Paper on Future Banking Structure in India
RBI had released a discussion paper on the Indian Banking Structure-Future Way Ahead. Comments can be sent upto October 31 2013. Copy of the discussion paper is available here The discussion paper has many points of debate such as Small … Continue reading
Posted in Cyber Law
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