Daily Archives: June 15, 2013

Axis Bank will now has to eat its own words..

In the Adjudicator’s forum in Bangalore, Axis Bank has advanced a mischievous argument that Section 43 of ITA 2008 cannot be invoked by a Company. If this argument is given credence, no company can invoke any offences under Section 66 … Continue reading

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ATM Insecurity Exposed

In India, Banks ¬†are pushing Customers to interact with them only through ATMs. Even RBI is encouraging this mode of interaction and discouraging customers from visiting bank branches. As a result of this policy, Bank customers are being exposed to … Continue reading

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Outsourcing security of Banking transactions

The recent ATM frauds in Mumbai and elsewhere has re-opened the discussion on the risks arising out of “Outsourcing” in the Indian Banking scenario. The commercial Banks in India have grown so greedy that they are looking at every opportunity … Continue reading

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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

Cyber Surveillance in India

The public outcry on the US program “PRISM” under which US Government is said to be spying on Cyber Communication of individuals has naturally raised some attention on the Indian situation. Under ITA 2008 there are powers for the Government … Continue reading

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IB Warnings on WeChat app

It is reported that Indian intelligence agencies have flagged a mobile application by name WeChat developed by a Chinese company “Tencent” as a “Threat”. After the revelation about the US intelligence program PRISM through which the US Intelligence agencies are … Continue reading

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