Search Results for: bank fraud

On July 6th 2017, RBI after 10 months of thinking, released the official confirmation of the “Zero Liability Circular”.  Naavi.org had urged the banks to go for a “Competitive Compliance Drive” and initiate measures to implement the provisions of the circular. … Continue reading →

I refer to the discussions we had in the case of the Phishing fraud at Musiri Branch of State Bank of India where I tried to provide some guidance to the Customer on what sort of complaint he has to … Continue reading →

It was reported yesterday that two of the Government officials whose houses were raided by IT department revealed that more than Rs 4 crores of new currencies were held by them. Obviously this has been converted from the black money … Continue reading →

Cyber Society of India (CySi), Chennai of which Naavi is the founder secretary, conducted a one day workshop on Cyber Crimes on August 6, 2016. Naavi spoke on the Role and Responsibility of Bankers  covering the legal implications under ITA 2008 … Continue reading →

If the recent circular of RBI on limited liability for Customers in E Banking frauds becomes a reality, it would simultaneously open the doors for the Cyber Insurance Industry to offer products for Cyber Insurance to individual Bank customers. The … Continue reading →

Currently, the Government has announced a merger of SBI with some of the associate Banks including SBM. It is reported that a new fraud has surfaced in which fraudsters are calling associate bank customers and informing them that due to … Continue reading →