Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Search Results for: bank
INCERT to conduct enquiries on Great E Bank Robbery
As referred to in our earlier post on the $45 million Global Card fraud, IN CERT is reportedly conducting an enquiry on the security breach alleged to have occurred at the two card processing companies in India. . In the … Continue reading
Posted in Cyber Crime, ITA 2008
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The Kingpin of the Great E Banking Robbery shot dead by his partners
The spectacular US$ 45 million global bank heist has already claimed the life of the suspected kingpin. Alberto Yusi Lajud-Peña, one of a number of suspected ringleaders behind a coordinated and sophisticated global bank heist operation that netted the thieves … Continue reading
Posted in Bank, Cyber Crime
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Modus Operandi of the Great E-Bank Robbery
The recent Banking Fraud where US $45 million (Rs 250 crores) were withdrawn in cash across 27 countries was a sensational international cyber crime that warrants a serious analysis by all Cyber Crime and Cyber Security experts. What is intriguing … Continue reading
Posted in Bank, Cyber Crime, ITA 2008, RBI
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Was Infosys sofware responsible for the losses of the UAE Bank?
Today’s Economic Times carried a story (See report) highlighting that the UAE Bank which was involved in the US $ 45 million global heist was using Finacle Software from Infosys. The fraud was actually committed by the hacking of the system maintaining the … Continue reading
Posted in Cyber Law
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Bank Muscat suffers $39 M loss
Hacking of a Credit Card payment processing service provider in Bangalore has reportedly caused compromise of sensitive customer data for a Muscat Bank resulting in a loss of US$39 million. The Bank has claimed that no customer has suffered a … Continue reading
Posted in Cyber Crime, ITA 2008
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Security Protocol for Bankers
E Mudhra consumer Services, a company associated with the certifying authority, E Mudhra, has announced launch of what it calls as an online banking security protocol. The product named “TRUSTFACTOR” is a combination of an authentication server solution, digital signature certificates, … Continue reading
Posted in Cyber Law
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