Search Results for: bank
What is Negligence of the Customer under RBI’s circular on Limited Customer Liability?
At the cost of repetition, we must congratulate RBI on its recent circular of August 11, on Customer Service in which they have proposed that customer’s liability on cyber frauds should be limited. Presently, a draft circular has been issued … Continue reading
Digital Signature Landscape in India expands
The Digital Signature system based on Public Key Infrastructure was defined as the sole electronic authentication method under Information technology Act 2000 notified on 17th October 2000. However, as on the date of the notification of the Act, there was … Continue reading
SMS Based 2F authentication is dead.. FinTech companies skating on thin ice
During the days of G Gopalakrishna Working Group (GGWG) of RBI which was deliberating on the E Banking security, two Banks namely ICICI Bank and SBI who were members of the committee tried to argue that “Two Factor Authentication” should … Continue reading
FinTech Companies need to watch out for the new regulations from SSWG
Since June 2016, there have been a flurry of activities in the RBI as regards formation of security guidelines that apply to the Financial Services Industry in general in India and Banking in particular. First, there was the circular regarding … Continue reading
RBI’s FinTech Working Group needs to secure Consumer interests also
It is good to see that RBI at last appear to be walking its talk on hardening the security in Banks. After the last circular on “Cyber Security Framework” (June 2, 2016), which while reiterating the earlier circulars issued after the … Continue reading
“There will be no prosperity without Law and Order..” Donald Trump.. A message also for Digital India
Donald Trump the Republican nominee for US president this year says “There will be no prosperity without Law and Order”. This was said in the context of the American physical space where Crime and Terrorism has created a situation where … Continue reading