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Naavi
IICA Qualified Independent Director
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Search Results for: e banking
Axis Bank ATM license should be cancelled by RBI
Axis Bank has been in the news for the wrong reasons in recent days involving one kind of Cyber Fraud or the other. There have been many Phishing frauds and KYC failure reports as well as organized money laundering in … Continue reading
Posted in Bank, Cyber Crime, Cyber Law
2 Comments
Use of Aadhar for Cardholder authentication
It is reported that RBI is considering use of Aadhar as a second factor authentication for Credit Card transactions. Report in TOI here The cost of upgrading the card swipe mechanism at the merchants with a biometric capable instrument is … Continue reading
Posted in Bank, RBI, Uncategorized
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Punjab National Bank Customers at Special Risk
A client of Punjab National Bank in Chennai has reported that the Bank has suspended sending of SMS alerts for Internet Banking transactions as is required under RBI guidelines. The reason is reported to be some malfunctioning of some software. … Continue reading
Posted in Cyber Law
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Regulating Ethical Hacking Training in India
The recent accusation that a prominent information security training company in India was responsible for release of some malware in the wild and used for Cyber Espionage of Telenor and also for attacking Pakistani and Chinese web assets has raised … Continue reading
Posted in Cyber Crime, ITA 2008, Netizen's Forum, Uncategorized
1 Comment
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
Posted in Cyber Crime, ITA 2008, RBI
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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
Posted in Cyber Crime, ITA 2008
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