Search Results for: bank fraud
IRCTC hacking.. What Next?
It has been reported that the IRCTC servers have been hacked and data base of millions of users compromised. See article here It is also learnt that the information is available on CDs for Rs 15000/- . (From unconfirmed private … Continue reading
Virtual Address of UPI scheme.. A pandora’s box
One of the suggestions under the Unified Payment Interface is that the participating bank would issue a “Virtual Address” to the customer. This will replace the account number. This virtual address would be used by remitters to send payment. This … Continue reading
Unified Payment Interface introduced… New Threats unleashed…
The RBI has introduced the Unified Payment Interface that is expected to change the way the current payment systems especially over mobile wallets change…hopefully for the better. NPCI (National Payment Corporation of India) has released the details of the architecture … Continue reading
A Bug in a Mobile Wallet and 5 techies end in Jail.. Where was the Bug Bounty Program?
The recently reported fraud in Kolkata where five engineering students were arrested for a Bank Wallet fraud involving Rs 8.6 crores is an incident to ponder. (See the report in TOI here). According to the report, the persons arrested were … Continue reading
Cyber Robbers back with Carabanak attack
Carbanak is one of the dreaded attacks which is reported to have been used to steal over $1 billion from the Banking systems since 2013. After a brief absence, security specialists now report that the attack is active once again. … Continue reading
Another Adjudicator, this time from Gujarat emerges to keep up the tradition
Adjudication was one of the ambitious propositions of Information Technology Act 2000 (ITA 2000) to promote quick and fair justice to Cyber Crime victims. It envisaged easy procedures free from Civil Procedure Code restraints, justice within 4 months from an … Continue reading