Search Results for: e banking

Attention now turns on India as an outsourcing destination

Posted on May 12, 2013 by Vijayashankar Na

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 →

Posted in Cyber Crime, RBI | 1 Comment

Hong Kong set to become another Nigeria in Cyber Crimes

Posted on March 30, 2013 by Vijayashankar Na

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 →

Posted in Uncategorized | Leave a comment

ICICI Bank Credit Card fraud surfaces at Mysore

Posted on February 20, 2013 by Vijayashankar Na

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 →

Posted in Bank, Cyber Crime, Netizen's Forum, RBI | 1 Comment

UK dropped Cheque stoppage proposal after public outcry..Why India should not?

Posted on February 13, 2013 by Vijayashankar Na

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 →

Posted in Bank, RBI | Leave a comment

Why RBI is wrong

Posted on February 12, 2013 by Vijayashankar Na

The RBI discussion paper on disincentivisation of the use of cheques is very disturbing. The objective of the discussion paper is to get public response on the points raised in the discussion paper or rather get a public endorsement on the … Continue reading →

Posted in RBI | Leave a comment

Privacy Protected Zones Required

Posted on February 9, 2013 by Vijayashankar Na

While discussing any legislation affecting Cyber Space, we discuss “Privacy” and “Data Protection” as important aspects for consideration. In India we are presently banking on ITA 2000/8 for “Data Protection”  and “Constitutional Rights” for “Privacy Protection”. ITA 2000/8 can indirectly … Continue reading →

Posted in Cyber Law, Privacy | Leave a comment