Tag Archives: cyber fraud

RBI and ECGC should consider trade remittances to Hong Kong as Highly Risky

Posted on July 14, 2013 by Vijayashankar Na

OPEN LETTER TO RBI AND ECGC To Reserve Bank of India Exchange Control Department Mumbai and ECGC of India Mumbai Sub: Increasing Hong Kong Risk for Importers and Exporters from India Dear Sir I have recently come across two … Continue reading →

Posted in Bank, Cyber Crime, ITA 2008, RBI | Tagged cyber fraud, ECGC, Exporter, Importer, RBI | Leave a comment

New Banking Licensees- Beware of IT Companies who want to trap you.

Posted on July 9, 2013 by Vijayashankar Na

RBI has now invited applications for new banking license from private sector which has attracted 26 aspirants to make an application. Many of these are thinking of building their Banking empire on the edifice of technology. Already, Indian Banking system … Continue reading →

Posted in Bank, Cyber Crime, RBI | Tagged bank, cyber fraud, infosys, license, naavi, oracle, RBI, TCS | 1 Comment

Banks Should Report Data Breach Incidents

Posted on December 19, 2012 by Vijayashankar Na

European Union is considering mandatory data breach notification by Banks and other critical infrastructure services. A draft proposal to this effect is under consideration. At present one of the hindrances to Cyber Crime Insurance is the lack of adequate information … Continue reading →

Posted in Bank, Cyber Crime | Tagged cyber crime insurance, cyber fraud, Data breach, ITA 2008 | Leave a comment

Cyber Fraud Survey in India by KPMG

Posted on December 13, 2012 by Vijayashankar Na

Dec 5: KPMG has released a Cyber Fraud survey amongst business units which is a useful document of record. Called the Fraud Survey 2012, it identified Cyber crime, IP fraud, Identity theft as frauds of the future and concluded that “Indian … Continue reading →