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

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 →

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

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 →

Posted in HIPAA, Privacy | Leave a comment

“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 →

Posted in Bank, RBI | Leave a comment

Banking Licenses and Public Sector aspirants

Posted on July 2, 2013 by Vijayashankar Na

The list of 26 new Banking license aspirants provide an interesting contrast and a challenge to RBI to ensure that the long term Banking policies set by RBI will be adequately served by the right choice of licensees. Initially, it … Continue reading →

Posted in Bank, RBI | Leave a comment

New Banking License-Let’s Remember Gandhian Principles of Banking

Posted on July 2, 2013 by Vijayashankar Na

Reserve Bank of India has released the list of 26 Banking license applicants who have sought licences under the new licenses to be released. The list of aspirants is as follows. 1. Aditya Birla Nuvo Ltd., Mumbai. 2. Bajaj Finserv … Continue reading →

Posted in Bank, RBI, Uncategorized | Leave a comment

Norton Estimate 4.2 crore cyber crime victims in India each year

Posted on June 24, 2013 by Vijayashankar Na

According to Norton’s “Internet Security Threat” report, India has 4.2 crore Cyber Crime victims in 2012. (Report in Business Standard). According to the report, the total cost of Cyber Crimes globally is US$110 billion( approx: Rs 6,60,000 crores) of which … Continue reading →

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