Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Search Results for: bank fraud
5 Indians in US$ 200 million Credit Card fraud
5 Indians are amongst the persons charged in US in a massive credit card fraud said to involve US $ 200 million loss to various credit card holders. Details in TOI Among those charged are Babar Quereshi (59), Ijaz Butt … Continue reading
Posted in Cyber Crime, ITA 2008
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Mumbai Consumer Court awards compensation in ATM fraud case
Maharashtra State Consumer Disputes Redressal Commission ordered Citibank to pay Rs 9.44 lakh to a man, after Rs 6 lakh wasfraudulently withdrawn from his account with an ATM card which he did not even possess. In December 2006,Ratilal Israni a SB … Continue reading
Posted in Bank, Cyber Crime, Uncategorized
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Donot link Aadhar to your Bank account
I observed during the Aadhar registration process in Bangalore that by default the registrar was encouraging registrants to link their Bank accounts to the Aadhar application. Risk associated with such process has been highlighted by the fraud reported in Midday … Continue reading
Posted in Bank, Cyber Crime, Cyber Law, Uncategorized
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Indian Loan Fraudsters swindle UK clients
An Indian Call center in Delhi is reported to have made nearly 1000 calls every day to UK clients enticing them with Bank loan offers and extracting money in the form of advance fee. A ‘conservative estimate’ of the loss … Continue reading
Posted in Cyber Crime, Cyber Law, Information Assurance
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Banks Should Report Data Breach Incidents
European Union is considering mandatory data breach notification by Banks and other critical infrastructure services. A draft proposal to this effect is under consideration. At present one of the hindrances to Cyber Crime Insurance is the lack of adequate information … Continue reading
Posted in Bank, Cyber Crime
Tagged cyber crime insurance, cyber fraud, Data breach, ITA 2008
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Banks are under Attack.. Beware
Security specialists have put out a grave warning about a massive Cyber attack planned against 30 major US Banks. RSA recently announced that a gang of Criminals had developed a sophisticated Trojan under a project idenitified as “Project Blitzkreig” which … Continue reading