Search Results for: bank fraud

Year 2013 in retrospect

Posted on December 31, 2013 by Vijayashankar Na

The year 2013 ended with an intense debate on Bitcoins the virtual currency system that caused lot of ripples in the market. over the last one month, Naavi.org has been full of discussions on Bitcoin to the extent that discussions … Continue reading →

Posted in bitcoin, Cyber Crime, Cyber Law, ITA 2008 | Leave a comment

Bitcoin Payment Processor in Denmark Hacked

Posted on November 27, 2013 by Vijayashankar Na

A Denmark based Bitcoin payment processor BIPS faced a security breach last week resulting in loss of 1295 bitcoins worth around US $ 1 million. The loss has occurred both to the service provider’s own stock as well as a … Continue reading →

Posted in Cyber Law | Leave a comment

The threat of Bitcoins…Attention RBI

Posted on November 25, 2013 by Vijayashankar Na

An article in Forbes raises an interesting aspect on how China may be preparing for a new Cyber War front based on controlling the virtual currency. See the article here Readers of Naavi.org are familiar with the discussions on “Linden” … Continue reading →

Posted in Bank, bitcoin, Cyber Crime, RBI | Leave a comment

From CAPTCHA to GOTCHA?

Posted on November 10, 2013 by Vijayashankar Na

Internet  users are familiar with the CAPTCHA system of identifying website users where the users will be presented with a picture which is humanly readable but difficult for a machine to read. When CAPTCHA is used in this manner the website … Continue reading →

Posted in Cyber Law | Leave a comment

Board Room Responsibility for Cyber Security

Posted on October 19, 2013 by Vijayashankar Na

The undersigned has been highlighting the need for Directors of Companies and the CEO to take responsibility for Cyber Security in an organization. Section 85 of ITA 2008 as well as Section 79 has clearly laid out the need for … Continue reading →

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What does the new RBI Governor has to say for this?

Posted on September 18, 2013 by Vijayashankar Na

Yet another case of Banking fraud involving loss of Rs 19 lakhs to a retired IIT professor has been reported by DNA. See report This is a typical phishing fraud arising out of failure of security in the Banking system. … Continue reading →

Posted in Bank, RBI | Leave a comment