Search Results for: e banking
Android Mobile Virus for Phishing found in South Korea
A Phishing malware operating int he Android mobile platform has been detected in South Korea. McAfee Mobile Security detects this threat as Android/FakeBankDropper.A and Android/FakeBank.A and alerts mobile users if it is present This new trojan targets, South-Korean bank users with a fake message … Continue reading
RBI should Inspect Bank’s Subsidiaries
The recent Banking frauds in India and abroad have indicated that the security breach not only occurs at the Bank (besides the customer) but more often at the outsourcing partner of the Bank. Whether the outsource partner is a big … Continue reading
Companies should shun RTGS accounts
The recent fraud in Mumbai where Rs 2.41 crore was siphoned off from RPG group’s account through RTGS is a repetition of many such frauds which are happening on a regular basis in India. While we continue to debate that Banks are … Continue reading
Card Related Frauds and EMV Cards
The recent Great E Banking Fraud in which $45 million was withdrawn in cash through ATMs after modifyng card data in the back end systems has triggered a fresh debate on how the security can be improved in card usage. … Continue reading
Break the Back of Bank Frauds
The Great E Bank Robbery in which US$ 45 million (Rs 250 crores) was drawn in cash in about 40000 fraudulent withdrawals spread over 12 and half hours on two different days, across 27 countries is an eye opener to … Continue reading
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The recent Banking Fraud where US $45 million (Rs 250 crores) were withdrawn in cash across 27 countries was a sensational international cyber crime that warrants a serious analysis by all Cyber Crime and Cyber Security experts.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