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Category Archives: Information Assurance
Electronic Frauds in Banks.. New guidelines to benefit Customers
The year 2014 has started with some good news for Bank fraud vicitms. According to today’s Economic Times, it is stated that the new code released by the Banking Codes and Standards Board of India (BCSBI) states that “Customers will … Continue reading
Posted in Bank, ITA 2008
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More Credit Card frauds in store
Recently a fraud of Rs 63 lakhs involving gross negligence by Bank employees not ruling out their involvement. It is said that the Bank believed that the customer had a sore throat and executed large transactions including closing of FDs … Continue reading
Posted in Bank, Cyber Crime
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Tata Sons withdraws Application for Banking license
In a decision that looks surprising to many, Tatasons has withdrawn its application for Banking license. Refer story This is the second group after Videocon to have withdrawn its application. It would be interesting to observe the impact of the … Continue reading
Posted in Bank, Cyber Law
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The threat of Bitcoins…Attention RBI
An article in Forbes raises an interesting aspect on how China may be preparing for a new Cyber War front based on controlling the virtual currency. See the article here Readers of Naavi.org are familiar with the discussions on “Linden” … Continue reading
Posted in Bank, bitcoin, Cyber Crime, RBI
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Future of ATM banking in India
Yesterday’s physical attack on an ATM customer at Bangalore should be an eye opener for all security professionals who are interested in security as well as Bank professionals who are promoting for increased use of ATM as a customer service … Continue reading
Posted in Bank, Cyber Crime, RBI
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Time to question safety of ATMs?
So far we have been debating the cyber crime risks associated with ATMs and the need for Banks to assume responsibility. However today an incident in Bangalore has changed the perspective completely and throwing up basic questions on whether at … Continue reading
Posted in Bank, RBI
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