Search Results for: e banking
Will Cooperative Banks be a Security hole in the Indian Banking industry?
The recent developments in RBI with the issue of “Cyber Security Guidelines” on June 2, 2016 and formation of an IT Subsidiary which apart from overseeing the internal IT operations will guide the regulated Banks also has created a renewed … Continue reading
Has RBI Permitted Social Media Banking?.. What about audit of Mobile Apps?
We have been following the discussions on how the Unified Payment Interface introduced by RBI has created one big security risk where the telecom links have been provided a direct access to Banking transactions server through execution of USSD codes. … Continue reading
Biggest data breach in Indian Banking ?
If you are an ICICI bank customer, beware that your Bank account information is open to anybody who is in possession of your mobile. This is breach of privacy under the age old Banking laws besides it is a violation … Continue reading
This credit card fraud should be a lesson to Judges, Adjudicators and Banking Ombudsmen
The credit card fraud reported in media today involving use of 580 fake cards created by fraudsters resulting in withdrawals of Rs 2.84 crores from Kotak Mahindra Bank is a lesson to all those men in Judicial positions who have … Continue reading
Tata Sons withdraws Application for Banking license
In a decision that looks surprising to many, Tatasons has withdrawn its application for Banking license. Refer story This is the second group after Videocon to have withdrawn its application. It would be interesting to observe the impact of the … Continue reading
Is virtual currency popularity built on Banking inefficiency?
The exploding popularity of Bitcoins and other crypto currency is a matter of concern and intrigue for all economists. One of the USPs of the Bitcoins for example is the ability to move it from one holder to another holder … Continue reading