Monthly Archives: July 2016

“Amazon 97% discount Fraud”.. Police in Kanyakumari..please arrest Mr Anil Kumar

There is a WhatsApp message in circulation that states “Breaking News, Amazon Selling Samsung J7 Mobile Phone at Just 499 Rs because of Golden Anniversary. Buy It Now Before Sale Ends. Cash On Delivery Also Available. Visit just now  http://amazon.mobile-flashsale.com/“ … Continue reading

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YingMob may be prosecuted for Cyber Terrorism.. Will Mr Rajnath Singh take action?

The security world is warning Indian Android mobile users that the malware HummingBad has been spreading fast across the globe and pose a threat to Indian mobile users also. This malware which is reported to have infected over 1.4 billion … Continue reading

Posted in ITA 2008 | Leave a comment

RBI cautions Banks on Cyber Security

The RBI Deputy Governor Mr R Gandhi has confirmed that the recent cyber attack that was reported in Mumbai was on Union Bank of India but no loss might have been reported. Mr Gandhi also reminded the Banks about the … Continue reading

Posted in Cyber Law | 1 Comment

A New Business Proposition for Digital India unveiled.. StartUps may jump from their seats

In a little surprising but welcome development, the Government of India has released a notification under Section 67C of ITA 2008 viz G.S.R. 711 (E) dated 21st July 2016 titled “Information Technology (Preservation and Retention of Information by Intermediaries Providing … Continue reading

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SWIFT Hacking exposes Indian Banks to huge Risks

The hacking of a Bangladeshi Bank last February where about $81 million was transferred by fraudsters hacking into the SWIFT Inter Bank money transfer system is a grim reminder of the weaknesses in our Banking eco system. The detailed account … Continue reading

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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

Posted in Bank, RBI | Leave a comment