Search Results for: e banking
Bank alone should be liable on RTGS and Phishing Frauds
I refer to an article in Business Standard today titled “Cyber frauds: Experts blame banks; banks find faults with clients”. One of the views expressed by a Banker is quoted as follows: “Earlier when internet banking was started, we thought … Continue reading
Yes Bank blames RPG group
According to this Article in ET today, Yes Bank has started blaming RPG Life Sciences for the Rs 2.41 crore fraud that has been reported to have been committed a few days back. Naavi.org has discussed several times the issue of the … Continue reading
Attention now turns on India as an outsourcing destination
As could be expected, the Great E- Banking Robbery has now brought Indian Outsourcing industry to the center of controversy. The Reuter report Already some security experts in US have started a campaign for shifting the card processing business to … Continue reading
Hong Kong set to become another Nigeria in Cyber Crimes
Cyber Crime observers are well aware of “Nigerian Frauds” where people from Nigeria cheat persons globally on false allurements. Exporters to Nigeria are aware from times immemorial that remittances from Nigeria are unreliable. Bankers refuse to finance exporters for exports … Continue reading
ICICI Bank Credit Card fraud surfaces at Mysore
A serious credit card fraud has been reported from Mysore where a holder of ICICI Bank credit card has found that nearly RS 1 lakh has been debited to his credit card account on account of an airline ticket purchase … Continue reading
UK dropped Cheque stoppage proposal after public outcry..Why India should not?
We refer to the unwise move of Reserve Bank of India to “disincentivise” the use of cheques in India. RBI has released a discussion paper in this regard and invited public comments before February 28, 2013. (comments may be submitted … Continue reading