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Author Archives: 98410spice
Is Rs 1 Crore fine on Indian Bank a sufficient deterrant?
The Reserve Bank of India in a press release dated December 11, 2018 imposed a monetary penalty of Rs 1 crore on Indian Bank for non compliance of its directions under the Cyber Security Framework of 2016 and the Master directions … Continue reading
“Tweets are not Facts”….” WhatsApp” is not “Whats up”
Speaking in the context of the Rafael deal the French Ambassador has reportedly made a comment “Look at Facts…not the Tweets”. This was as much an advise to the traditional media which is sensationalizing the social media posts of Congress … Continue reading
Posted in Cyber Law
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UK DPA strikes at Uber: Delivers a lesson in Password construction
Uber has been fined by the UK DPA for UK sterling 385000/- (Approx Rs 3.5 crores) for failing to protect its customer’s data during a breach. Refer report here The breach occurred in November 2016 when GDPR notification was in … Continue reading
Posted in Cyber Law
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EY flags Crypto Currency as a threat. Will Supreme Court take note? or Ignore?
Ernst and Young recently published a survey on “Responding to Cyber Crime Incidents in India”. Some interesting insights are reported in the survey. One of the insights which is important from the point of view of the Supreme Court hearing … Continue reading
RBI needs to Fight with Mazar Virus rather than fighting with the Government
The Reserve Bank of India is in the news for picking up a fight with the Central Government on the right to use its reserves in a manner it deems fit. The fight whether RBI is over capitalized with the … Continue reading
Digital Banking in India is now under a serious threat… RBI needs to wake up
India has adopted a Governance policy involving high dependency on Digital Banking and this technological shift in Banking has the blessings of the Government, the RBI and also the Banks. Government is happy with Digital Banking because it is an … Continue reading
Posted in Cyber Law
Tagged Andoriod Virus, Bank fraud, Gurumurthy, Mazar BOT, Nandkumar Sarvade, RBI
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