Search Results for: e banking

At Last, the Finance Ministry seems to have recognized Cyber Threats in Banks

It has been pointed out ad nauseam on this forum that Cyber threats in Banks are looming large to be considered as a “National Security Issue”. However, the commercial considerations in Banks have pushed technology solutions ahead of security considerations … Continue reading

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The Five Commandments on Cyber Security For Banks… R.Gandhi, Executive Director

 After Mr K C Chakrabarthy, the former Executive Director of RBI, it appears that the mantle of Cyber Security has passed on to Mr R. Gandhi, Deputy Governor, who appears to be pushing the Commercial Bankers for better Cyber Security. … Continue reading

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SMS Based 2F authentication is dead.. FinTech companies skating on thin ice

During the days of G Gopalakrishna Working Group (GGWG) of RBI which was deliberating on the E Banking security, two Banks namely ICICI Bank and SBI who were members of the committee tried to argue that “Two Factor Authentication” should … Continue reading

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RBI’s FinTech Working Group needs to secure Consumer interests also

It is good to see that RBI at last appear to be walking its talk on hardening the security in Banks. After the last circular on “Cyber Security Framework” (June 2, 2016), which while reiterating the earlier circulars issued after the … Continue reading

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“There will be no prosperity without Law and Order..” Donald Trump.. A message also for Digital India

Donald Trump the Republican nominee for US president  this year  says “There will be no prosperity without Law and Order”.  This was said in the context of the American physical space where Crime and Terrorism has created a situation where … Continue reading

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Why Finger Print is not a “Signature” in electronic form?

India gave legal recognition to electronic documents on 17th October 2000 as equivalent to paper, by notifying Information Technology Act 2000 (ITA 2000). At the same time, a system of “Signing” of an electronic document was also given recognition in … Continue reading

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