IICA Qualified Independent Director
Naavi
FDPPI Qualified Data Auditor
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Search Results for: bank fraud
Yet another Bank Fraud.. What will RBI say?
Bank frauds have been so common in India that it hardly surprises any body when a new fraud is reported. The Banks are after technology in a hurry and RBI has either no clue to the risks or is just … Continue reading
Posted in ITA 2008
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BPO employees arrested in Chennai for Bank fraud
Two BPO employees accused of having swindled an UK Bank of £ 30000/- were arrested in Chennai after necessary investigations. D Ezhil Maran, 29, and S Ragava Giri, 28 worked as system engineers at Atos, a business process outsourcing (BPO) … Continue reading
Posted in ITA 2008
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Quick Action By Police Recovers Bank fraud proceeds
Quick action by Police in Ahmedabad helped a Bank customer recover Rs 18 lakhs lost out of a phishing attack. Refer Article in TOI The incident highlights how quick action by Police and the Bank can reduce/eliminate the losses in … Continue reading
Posted in Cyber Law
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Break the Back of Bank Frauds
The Great E Bank Robbery in which US$ 45 million (Rs 250 crores) was drawn in cash in about 40000 fraudulent withdrawals spread over 12 and half hours on two different days, across 27 countries is an eye opener to … Continue reading
Posted in Bank, Cyber Crime, ITA 2008, RBI, Uncategorized
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Government misleading Parliament on Bank fraud information
The PIB press release of 22nd February 2013 has provided some data on Bank frauds. According to this press release the fraud information for the last three years were as follows. The Bankwise data is also available here According to … Continue reading
Posted in Bank, Cyber Crime, RBI
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Rs 1 Crore lost by executive in Mumbai Bank fraud
In one of the larger Bank frauds of recent times, an executive in Mumbai has lost Rs 1 crore through a series of fraudulent transactions in his Bank account. The transactions occurred through 12 RTGS debits within a space of … Continue reading
Posted in Bank, Cyber Crime, Information Assurance
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