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Search Results for: bank
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The recent Banking Fraud where US $45 million (Rs 250 crores) were withdrawn in cash across 27 countries was a sensational international cyber crime that warrants a serious analysis by all Cyber Crime and Cyber Security experts.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
2 Comments
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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Workshop on Safe E Banking
A day long workshop on Safe E Banking is underway at Reserve Bank of India, Bangalore. Mr G.Gopalakrishna, The Regional Director of RBI, Mrs Uma Shankar, Regional Director of RBI at Bangalore has inaugurated the workshop. ED is delivering the … Continue reading
Posted in RBI
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Banking Ombudsman Scheme under Review
As one of the follow up measures of Damodaran Committee report on Customer Service, RBI has set up a committee to review the Banking Ombudsman scheme. (Refer details here). Members of the public who have their views on the functioning … Continue reading
Posted in Bank
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