Monthly Archives: April 2016

Have Russian Hackers entered India?.attacking State Bank of Mysore and Bank of Baroda?

Posted on April 29, 2016 by Vijayashankar Na

Recently two bank fraud incidents have been reported one from State Bank of Mysore in Karnataka and another from Bank of Baroda in Lucknow where security specialists have suspected hacking of the Bank’s servers without any compromise of information at … Continue reading →

Posted in Cyber Crime | Leave a comment

SBI introduces a long awaited security measure to control Card frauds

Posted on April 27, 2016 by Vijayashankar Na

State Bank of India has been one of the Banks specially targetted by Card fraudsters for cloning and fraudulent withdrawal. A few years ago, Damodaran Committee of RBI recommended the most sensible control where by the customer should be given … Continue reading →

Posted in Cyber Law | Leave a comment

Backup your Biggest data file.. to fight ransomware

Posted on April 27, 2016 by Vijayashankar Na

Ransom ware has been one of the biggest threats that is confronting IT users at present.  Many companies have found that their critical resources have been rendered useless with the ransomware encrypting the files and demanding a ransom for release … Continue reading →

Posted in Cyber Law | 2 Comments

Has RBI Permitted Social Media Banking?.. What about audit of Mobile Apps?

Posted on April 25, 2016 by Vijayashankar Na

We have been following the discussions on how the Unified Payment Interface introduced by RBI has created one big security risk where the telecom links have been provided a direct access to Banking transactions server through execution of USSD codes. … Continue reading →

Posted in ITA 2008 | 1 Comment

“Even when my client is negligent, the liability can be on me”- Lesson from TCS-Epic dispute

Posted on April 21, 2016 by Vijayashankar Na

The US$ 940 million penalty imposed on TCS by a US district Court (Wisconsin) is to be considered as a watershed moment in the history of data security management in India since it involves one of the most reputed IT … Continue reading →

Posted in arbitration, Cyber Law | 1 Comment

Unified Payment Interface makes Mobile a better tool for financial frauds

Posted on April 20, 2016 by Vijayashankar Na

Last week, Reserve Bank of India proudly announced the launch of a “Unified Payment Interface” (UPI) hailed as the next giant leap in “Digital Payment System Innovation”. UPI is expected to make our mobiles a universal instrument for all forms … Continue reading →

Posted in Cyber Law | Leave a comment