Search Results for: limited liability
WhatsApp Pay : A Master Circular required from RBI
WhatsApp has been in news as a messaging Company providing End to end encrypted messaging services in the past, introducing vanishing messages etc. As a messaging company it had its share of controversies involving spread of fake messages and mobilization … Continue reading
DAV Vs Indian Bank: Supreme Court considers Negligence of Bank and orders compensation
There have been so far many awards from Adjudicators in different states in which Bankers have been held liable for frauds such as “Phishing”. Starting with the S Umshankar Vs ICICI Bank award in 2010, adjudicators in Mumbai, Gujarat, Telengana … Continue reading
Uber Fraud or a bug in the App?
It was a personal observation today that an Uber driver cancelled my scheduled trip and still the amount was immediately debited to by Paytm account. I later found out that this experience has been observed by many others who have … Continue reading
SIM hijacking vulnerabilities puncture Bank’s legal arguments
In all cases of Banking frauds involving “Unauthorized Access”, Banks have been putting across various arguments to shift the blame entirely on the customers. We had reported a recent incident where HDFC Bank had tried to bully a customer for … Continue reading
Don’t Delete the Alleged Phishing E mail
Whenever a fraudulent withdrawal occurs on a Bank account, it is a common practice for the Bank to allege that there was a phishing mail which the customer answered and therefore he has compromised the access credentials to the account … Continue reading
RBI needs to Fight with Mazar Virus rather than fighting with the Government
The Reserve Bank of India is in the news for picking up a fight with the Central Government on the right to use its reserves in a manner it deems fit. The fight whether RBI is over capitalized with the … Continue reading