Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Search Results for: e banking
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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Competitive Compliance is the need of the hour.. Naavi
Speaking at the workshop on Safe E Banking, Naavi highlighted the regulatory aspects of Information Security in E Banking and the need for compliance. Speaking on the Risk mitigation guidelines released by RBI on February 28, 2013 and the fast … Continue reading
Posted in Bank, Information Assurance, RBI
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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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Migrating to Adaptive Authentication
Banks in India have been traditionally using the “Legally Non Compliant”, “Password based Authentication” for their E Banking requirements. As a result there are frequent customer-Bank conflicts where the customer demands that Bank should undertake the liability on account of … Continue reading
Posted in Bank, ITA 2008, RBI, Uncategorized
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Banks can be fined upto Rs 1 crore for violating RBI regulation
The Banking Regulation Act amendment Act 2012 which was recently passed by the Parliament has now become effective.(See PIB Press Release). It amends several provisions of the Banking Regulation Act 1949. Some of the amendments are directed towards new Branch … Continue reading
Posted in Bank, ITA 2008
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Charter of Demand on behalf of Netizens of Bangalore
Naavi has developed a charter of demand on behalf of the Netizens of Bangalore in the context of the forthcoming polls. Details are available at http://www.aifon.org.in/wp/?p=87 The essential part of the demand are: 1. Recognize the existence of Netizens as part … Continue reading
Posted in Uncategorized
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