Author Archives: Vijayashankar Na

About Vijayashankar Na

Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance

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 →

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Mobile Apps of Banks ..Not audited by RBI?

Posted on April 18, 2016 by Vijayashankar Na

Today, I received an interesting question posed to me through the Cyber Law Guru mobile APP. The question was posed by one by name “Sisirk” and stated as follows: Question: As per their RTI reply, RBI hasn’t really given permission … Continue reading →

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Virtual Address of UPI scheme.. A pandora’s box

Posted on April 13, 2016 by Vijayashankar Na

One of the suggestions under the Unified Payment Interface is that the participating bank would issue a “Virtual Address” to the customer. This will replace the account number. This virtual address would be used by remitters to send payment. This … Continue reading →

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The Unification of Fraud possibilities through UPI

Posted on April 13, 2016 by Vijayashankar Na

The Unified Payment System launched by RBI on 12th April 2016 on a platform managed by National Payment Corporation of India (NPCI) poses a huge challenge to the security of public money held in Banks. As we go forward, the … Continue reading →

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