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Search Results for: insurance
Has RBI really woken up from its slumber?
Mr Raghuram Rajan, Governor of RBI sprang a surprise during the press interaction on 14th May following the Board meeting at Goa, by hinting at setting up of a subsidiary to meet the Cyber Security requirements of the sector. This … Continue reading
Posted in Cyber Law
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Extent of Cyber Fraud related Loss in Indian Banks
In an answer given in the Parliament, the IT Minister, (based on RBI records) has reported the following information on Cyber Frauds in Banks. Year No of cases(Card and Internet Banking) Amount (Rs Cr) 2011-12 10048 38 2012-13 8765 68 … Continue reading
Posted in Cyber Law
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Multi Billion Dollar Catastrophe…
On January 29, 2015, Anthem Inc, a Health Insurance provider in US (second largest in US) reported a discovery of a Cyber Attack in which it is estimated that about 78.80 million health records have been compromised. (Refer here). The … Continue reading
Posted in Cyber Law, HIPAA, ITA 2008
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Will RuPay challenge VISA/Master and be a Global Brand?
The JanDhan Yojana recently launched by the Modi Government has created an unexpected shakeup in the card markets at least in the Indian geographical boundaries. Under the scheme which is mainly intended to bring a large population of low income … Continue reading
Posted in Cyber Law
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Agenda for the new IT Minister
To Mr Ravishankar Prasad Minister of Communications and Information Technology Delhi Dear Sir,I would like to place before him an action agenda for immediate implementation. 1. The Cyber Apppelate Tribunal (CAT) which is the apex Cyber Judiciary body supervising 28+adjudicators … Continue reading
Posted in ITA 2008
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No bank has proper Information Security Guidelines
An RTI query filed by Nagpur based NGO Cyber Awareness Organization (CAO) recently revealed that none of the banks in the country had drafted information security guidelines which are mandatory as per RBI’s guideline on electronic banking. Speaking to the … Continue reading
Posted in Bank
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