Author Archives: 98410spice

10 year jail sentence for SIM swapping

I was glad to see a report that a person  was sentenced to 10 year imprisonment for SIM Swapping fraud. It was unfortunate that he was a young 20 year old college student. The fraud involved crypto currencies which I … Continue reading

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Data on Financial Crimes need to be published

Indian Banking has taken shape from the UK Banking laws. One of the principles that Banking has followed for a long time is trying to be secretive about the fraud losses at least in the individual balance sheets of Banks … Continue reading

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CySi celebrates Data Privacy Day in Chennai

Cyber Society of India (CySi) celebrated the Data Privacy Day in Chennai in a colorful event on 28th January 2019. The event organized under the leadership of  the president Mr S. Balu, reportedly attracted good attention of the industry professionals … Continue reading

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Congratulate the Income Tax authorities for innovatively adopting Data Protection Principles

The Indian Budget proposal presented yesterday had an interesting sidelight. While discussing the proposal on the TV, Mr Piysuh Goyal, the interim Finance Minister  said that the Government is taking steps to ensure that in order to reduce harassment of … Continue reading

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Kerala High Court rules-Not responding to SMS does not clear the Bank’s Liability

State Bank of India Vs P.V.George (Kerala High Court, 9th January 2019, RSA 1087 of 2018) will be a landmark judgement on determining liabilities in Digital Banking frauds,  much like the S.Umashankar Vs ICICI Bank in the adjudication under ITA … Continue reading

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Banking Ombudsman for Digital Payments

Presently the RBI scheme for ombudsman covered the resolution of disputes regarding Bank transactions. A Notification dated January 31, 2019 has been issued for this purpose. The scheme has been launched under Section 18 of the Payment and Settlement Systems … Continue reading

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