Search Results for: e banking
Banks Should Report Data Breach Incidents
European Union is considering mandatory data breach notification by Banks and other critical infrastructure services. A draft proposal to this effect is under consideration. At present one of the hindrances to Cyber Crime Insurance is the lack of adequate information … Continue reading
Rs 820 crore fraud in UCO Bank IMPS system busted
CBI has successfully investigated a fraud in UCO Bank where two support engineers manipulated the system which resulted in credits to accounts without a corresponding transfer of money from the sending bank to the receiving bank. See report in NewIndian … Continue reading
Data Driven Public Private partnerships
Whenever we think of Public Private Partnership (PPP) projects, the immediate recall are the infrastructure projects like the Roads where there is a large investment requirements for public benefit, but the skills and resources are to be contributed by the … Continue reading
New Information Security Governance Framework for Banks and other Regulated Entities.
On November 7, 2023, Reserve Bank of India has made a major announcement related to Information Security Governance applicable to all Regulated entities (RE) . These guidelines will henceforth be considered as “Reasonable Security Practice” requirements and “Due Diligence” for … Continue reading