Search Results for: e banking
Phishing Frauds and Customer Liability
Here is an interesting paper about how in US and EU, losses arising out of password thefts such as Phishing are not borne by the customers. RBI needs to take special note of this. In particular I would like to … Continue reading
Usage of Cheques are being disincentivised
Reserve Bank of India has released a discussion paper on a plan to disincentivise usage of cheques. Public have been asked to send their comments before February 28, 2012. Disincentivisation of cheques automatically means greater push to the electronic banking … Continue reading
RBI’s responsibility in preventing Aadhar Misuse for Bank Frauds
I refer to the news report in Midday indicating a new modus operandi in the commission of a Bank fraud in India. This fraud has been committed as a combination of “Phishing”, “Security lapses at the victim’s Bank”, “Compromise of KYC by … Continue reading
Free CEAC support for Ethical Hackers reporting vulnerabilities
I refer to the earlier post where the Disclosure guidelines for Ethical Hackers suggested by the Government of Netherlands when they observe vulnerabilities. (The original Dutch version guideline is available here:: English Version) One of the suggestions made there in … Continue reading
Year 2012 in retrospect..from the view point of Cyber Law in India
The Cyber Law scene in India during 2012 was dominated by the discussions of Section 66A. The rules notified under sections 43A and 79 which held center stage in 2011 also continued into 2012. The end of the year however … Continue reading
Bank fraud of 1.05 crores
In an interesting fraud a Mumbai based cooperative bank found that Rs 1.05 crores was fraudulently transferred out of its account with another public sector bank by fraudulent RTGS transfers. TOI report The amount has been transferred to 12 different … Continue reading