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Search Results for: insurance
RBI mandates Bank liability for POS frauds
RBI had announced certain risk mitigation measures for Card Present transactions vide 22nd Sept 2011. Under this circular, it had been mandated that Banks should implement commercial readiness of acquiring infrastructure to support PIN based POS systems before June 30, … Continue reading
Posted in Bank, RBI
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What does the new RBI Governor has to say for this?
Yet another case of Banking fraud involving loss of Rs 19 lakhs to a retired IIT professor has been reported by DNA. See report This is a typical phishing fraud arising out of failure of security in the Banking system. … Continue reading
Posted in Bank, RBI
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RBI sets up a panel of 5 persons to screen Bank license applications
It is reported that RBI has zeroed in on a panel of 5 eminent members to screen the Banking license applications and provide necessary guidance to the RBI Governor for suitable decision. Though not confirmed, it is expected that the … Continue reading
Posted in Bank, RBI
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Promoting E Banking-Role of RBI
RBI in its recent annual report, has lamented that 90% of payments are estimated to be collected through Cash/Cheque despite its efforts to promote E Banking. (See this report in Business Line). RBI has stated that more than 3080 crore … Continue reading
Posted in Bank, Cyber Crime, Cyber Law, Netizen's Forum, RBI
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HIPAA-US$1.2 m damage for not sanitizing photocopier hard disk
A HITECH Act violation by a health plan in New York resulted in a potential data breach of 344,579 individuals has resulted in the HHS imposition of penalty of Rs $1,215,780 as a settlement. The breach occurred when the Plan … Continue reading
Posted in Cyber Law, HIPAA
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Cyber Crimes Increase all over India..except Karnataka
In a reply given in Loksabha, the MOS for Communications and IT Mr Milind Deora submitted that Cyber Crimes in India are on the increase. According to the minister, 16035 instances of attacks of various kinds were reported only on … Continue reading
Posted in Cyber Crime
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