Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Search Results for: bank
Kerala High Court rules-Not responding to SMS does not clear the Bank’s Liability
State Bank of India Vs P.V.George (Kerala High Court, 9th January 2019, RSA 1087 of 2018) will be a landmark judgement on determining liabilities in Digital Banking frauds, much like the S.Umashankar Vs ICICI Bank in the adjudication under ITA … Continue reading
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Banking Ombudsman for Digital Payments
Presently the RBI scheme for ombudsman covered the resolution of disputes regarding Bank transactions. A Notification dated January 31, 2019 has been issued for this purpose. The scheme has been launched under Section 18 of the Payment and Settlement Systems … Continue reading
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Open Door Policy of State Bank of India!
If we want to enter a branch of SBI, we may have to encounter a guard, half closed gate. In secure rooms, there may be even an access controlled doors. But it is a surprise to know that the server … Continue reading
Is Rs 1 Crore fine on Indian Bank a sufficient deterrant?
The Reserve Bank of India in a press release dated December 11, 2018 imposed a monetary penalty of Rs 1 crore on Indian Bank for non compliance of its directions under the Cyber Security Framework of 2016 and the Master directions … Continue reading
Digital Banking in India is now under a serious threat… RBI needs to wake up
India has adopted a Governance policy involving high dependency on Digital Banking and this technological shift in Banking has the blessings of the Government, the RBI and also the Banks. Government is happy with Digital Banking because it is an … Continue reading
Posted in Cyber Law
Tagged Andoriod Virus, Bank fraud, Gurumurthy, Mazar BOT, Nandkumar Sarvade, RBI
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Buy from Infosys, ask Wipro to implement… damn the customer..is Corporation Bank story
About a month back we wrote an article titled “Corporation Bank Net Banking System Goes for a toss?”. Today I had visited the local Corporation Bank to resolve one of the issues that I was facing in the migration of … Continue reading