Search Results for: bank fraud

In what can be termed as a milestone in the e-banking scenario in India, the Unified Interface app on mobile that can provide access to multiple bank accounts of a customer on a single mobile platform has gone live. The … Continue reading →

In another huge ATM heist reported from Thailand, it is reported that 12 million Baht equivalent approximately US$ 350,000 or Rs 2.38 crores were stolen by fraudsters. Refer Article Here In the past, ATM frauds have been committed with the … Continue reading →

At the cost of repetition, we must congratulate RBI on its recent circular of August 11, on Customer Service in which they have proposed that customer’s liability on cyber frauds should be limited. Presently, a draft circular has been issued … Continue reading →

Since June 2016, there have been a flurry of activities in the RBI as regards formation of security guidelines that apply to the Financial Services Industry in general in India and Banking in particular. First, there was the circular regarding … Continue reading →

It is good to see that RBI at last appear to be walking its talk on hardening the security in Banks. After the last circular on “Cyber Security Framework” (June 2, 2016), which while reiterating the earlier circulars issued after the … Continue reading →