Search Results for: bank fraud

How the OTP system for Bank transactions is bypassed

Dec 7: The commercial banks in India have banked heavily on the two factor system where the OTP sent through a mobile is used to authenticate the password based access. Some Banks like SBI and ICICI Bank even tried to convince … Continue reading

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Is this the future of Secure E Mail system?… Creating own E Mail ecosystem in an enterprise

Functionality and Security are two dimensions of any software that needs to be balanced through regulation. Internet and E Mails were created with a purpose of effective communication and hence functionality was the prime concern in the design of protocols such … Continue reading

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JPC Recommendations on SWIFT Alternative: Out of scope and Disruptive of Global Economic System

One of the surprising inclusions in the recommendations of the JPC on PDPB is related to the SWIFT network.  The recommendation 8 states “The Committee observe that data protection in the financial sector is a matter of genuine concern worldwide, … Continue reading

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Watching the NPCI…Let NPCI not become a Crypto Exchange mechanism

We have pointed out several times how NPCI needs to take more responsibility for securing financial transactions in India Besides yesterday’s article (NPCI needs to be watched) Some of the earlier articles in this regard are given below. The Cosmos … Continue reading

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The 18 year Journey Since the Digital Society was born in India

Information Technology Act 2000 (ITA 2000) was notified on 17th October 2000 and today is the 18th year after India legally recognized the Electronic Document as equivalent to Paper Document and Digital Signature as equivalent to physical signature leading to … Continue reading

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New Year Resolutions

As the new year 2018 dawns on us and we complete the sending of greetings to all our friends, it is time to start thinking how this year will be different from our previous years and how we make it … Continue reading

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