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

Will RBI disclose “Sanction Mechanism” to enforce sanctity of Banking license conditions?

Posted on July 6, 2013 by Vijayashankar Na

The opening up of a licensing window for Private Banks in India which has attracted 26 applications has also raised a debate on whether the new licenses are beneficial to the economy. RBI intends to impose “Financial Inclusion” and “Priority … Continue reading →

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Not all Eligible applicants to get Bank License

Posted on July 5, 2013 by Vijayashankar Na

Governor of RBI has clarified that out of the 26 applications received by RBI for new Banking license, not all otherwise eligible applicants will be granted the license.  RBI has also clarified that it would take about 3-4 months for … Continue reading →

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Android Vulnerability Exposed

Posted on July 5, 2013 by Vijayashankar Na

A research firm in UK has found a vulnerability in the Android mobile software which can be used as a “Master Key” where by an intruder can take complete control of the phone. The bug could be exploited to let an … Continue reading →

Posted in Cyber Crime, ITA 2008, RBI | Leave a comment

New Bank Licences-Make Cyber Crime Insurance Mandatory

Posted on July 4, 2013 by Vijayashankar Na

The applications received by RBI for new Bank licenses and the possible political push for issue of licenses before the next elections have raised a serious concern in the market that undeserving companies with political connections may some how make … Continue reading →

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Data Breach Report within 60 minutes

Posted on July 4, 2013 by Vijayashankar Na

Reporting of Data Breach incidents has been one of the most contentious aspects of the HITECH Act provisions. The initial provisions on the data breach notifications were kept in abeyance for nearly 2 years predictably because the industry did not … Continue reading →

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“Deep Pockets” need not be the sole criteria for Bank licenses

Posted on July 3, 2013 by Vijayashankar Na

A day after the announcements of the 2013 Banking license aspirants, debate has started on whether RBI will dilute its norms to favour any of the licencees either before or after the granting of the license. The statement of the … Continue reading →

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