Search Results for: e banking
Supreme Court blesses Bitcoin which is better for Money Laundering than Painting
The recent Bollywood judgement on Bitcoin from the Supreme Court has given a fresh lease of life to Black Money in India. This is a set back for the efforts of Mr Modi to fight corruption and could be termed … Continue reading
Breach Candy data breach incident could be the “I Love You” moment
In India, we are 20 years into the period since civil liabilities arising out of Cyber Crimes became legally enforceable through a process of Adjudication. Since then, victims of Cyber Crimes are searching for Cyber Crime insurance. In June 2001, … Continue reading
CBI Enquiry is required for finding the truth behind TransUnion taking over CIBIL
I have earlier discussed in these columns matters related to my following RTI application in which I had queried both the RBI and the Ministry of Finance that Trans Union International Inc, an US based Company increased its share holding … Continue reading
Supreme Court directs Government to find a solution for Aadhaar Linking to Social Media
The ongoing controversy of “Preventing Fake News” has now taken an interesting turn with the Supreme Court directing the Government to file an affidavit within 3 weeks on how it proposes to link Aadhaar to the social media accounts as … Continue reading
Data Laundering ..is it covered under PDPA?
In continuation of our discussions of yesterday regarding TransUnion CIBIL, further thoughts on the data protection regulatory aspects are being discussed below to draw the attention of RBI, CERT In, MeiTy, Ministry of Commerce etc. Data Protection laws try to … Continue reading
ICICI Bank claims immunity from Cyber Crimes
ICICI bank which has been a leading Bank in India adopting to innovative Cyber Banking in India is also in the forefront of incidents in which customers have lost money because of the negligent manner in which security of the … Continue reading