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

Bank alone should be liable on RTGS and Phishing Frauds

Posted on May 20, 2013 by Vijayashankar Na

I refer to an article in Business Standard today titled “Cyber frauds: Experts blame banks; banks find faults with clients”. One of the views expressed by a Banker is quoted as follows: “Earlier when internet banking was started, we thought … Continue reading →

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

Yes Bank blames RPG group

Posted on May 20, 2013 by Vijayashankar Na

According to this Article in ET today, Yes Bank has started blaming RPG Life Sciences for the Rs 2.41 crore fraud that has been reported to have been committed a few days back. Naavi.org has discussed several times the issue of the … Continue reading →

Posted in Cyber Crime, ITA 2008 | Leave a comment

RBI should Inspect Bank’s Subsidiaries

Posted on May 20, 2013 by Vijayashankar Na

The recent Banking frauds in India and abroad have indicated that the security breach not only occurs at the Bank (besides the customer) but more often at the outsourcing partner of the Bank. Whether the outsource partner is a big … Continue reading →

Posted in Bank, Cyber Crime, Cyber Law, ITA 2008, Netizen's Forum, RBI | Leave a comment

Problem of Near Field Communication in Credit Cards

Posted on May 19, 2013 by Vijayashankar Na

It has been reported by BBC that in a Marks and Spencer outlet it was observed that when one customer was trying to swipe his card for payment, the POS recorded the transaction by picking up card data from another card which … Continue reading →

Posted in Cyber Law | Leave a comment

Another Great E Banking Robbery Could destroy our Banking system

Posted on May 19, 2013 by Vijayashankar Na

The recent Bank Fraud in Mumbai in which an amount of Rs 2.41 crores was transferred out of RPG group’s account with Yes Bank coming close on the heels of US$45 million Card fraud in USA should raise the concerns … Continue reading →

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

Companies should shun RTGS accounts

Posted on May 18, 2013 by Vijayashankar Na

The recent fraud in Mumbai where Rs 2.41 crore was siphoned off from RPG group’s account through RTGS is a repetition of many such frauds which are happening on a regular basis in India. While we continue to debate that Banks are … Continue reading →

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