Search Results for: e banking

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The recent Great E Banking Fraud in which $45 million was withdrawn in cash through ATMs after modifyng card data in the back end systems has triggered a fresh debate on how the security can be improved in card usage.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

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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

Posted in Bank, Cyber Crime, ITA 2008, RBI, Uncategorized | 1 Comment

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The recent Banking Fraud where US $45 million (Rs 250 crores) were withdrawn in cash across 27 countries was a sensational international cyber crime that warrants a serious analysis by all Cyber Crime and Cyber Security experts.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 | 1 Comment

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

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

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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

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