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In another huge ATM heist reported from Thailand, it is reported that 12 million Baht equivalent approximately US$ 350,000 or Rs 2.38 crores were stolen by fraudsters. Refer Article Here In the past, ATM frauds have been committed with the … Continue reading →

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 →

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 →

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 →

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 →