Posted in February 8th, 2012
In yet another disturbing news, MidDay reported that three more phishing complaints have been registered yesterday in Pune in which a total of Rs 17.50 lakhs have been lost by three customers of the banks.
Irrespective of the cause, it is to be recognized that this news reflects yet another nail being driven down the coffin signifying […]
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Posted in February 8th, 2012
I was not surprised yesterday when I received information that one customer of Punjab National Bank had lost Rs 80 lakhs in a Phishing fraud. I was not also surprised that part of the proceeds were transferred to the account of some customer of PNB in Kashmir indicating a straight link to […]
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Posted in January 25th, 2012
In a significant development in Bangalore, a quasi judicial authority has issued an order that has legal sanctity in which he has interpreted that under one important section of the Information Technology Act the term “Person” used in the Act applies only to a “natural person” and not a “body corporate”.
This decision has created a […]
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Posted in January 13th, 2012
Ever since the Government of India summoned the major social networking companies namely Google, Face Book and Yahoo and demanded that they install a pre-publication manual monitoring system for content filtering, there has been considerable discussions about what is right, what is feasible, what is legal etc about the “Due Diligence” required to be exercised […]
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Posted in January 9th, 2012
In the last two days DNA, Mumbai has published two articles highlighting the current state of affairs in Banking Frauds in India. The reports are based on an RTI application and reveal the alarming state of affairs.
The first report from DNA which appeared yesterday (8th January) revealed that Mumbai was the leading city in […]
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Posted in January 6th, 2012
Blocking of websites in India for political considerations has been in news for some time.
The fact that this power is being politically misused is confirmed by the incident where the website of a political cartoonist, Mr Aseem Trivedi participating in the Anna Hazare protest in MMRDA grounds has been blocked. Times of India has […]
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Posted in December 22nd, 2011
Recently, a security specialist in Bangalore released a video in which he demonstrated how the Internet Banking System of ICICI Bank was vulnerable to a virus attack.
The Bank immediately moved to send an email notice to the security consultant requesting removal of the content failing which a legal action was threatened.
The action of the Bank […]
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Posted in November 7th, 2011
Internet banking frauds are common place particularly in India. I often receive requests for guidance on this matter from victims from different parts of India not knowing what to do.
I am therefore placing these brief instructions for public information. What is stated here is my considered opinion (not to be construed as legal advice) as an Ex-Banker […]
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Posted in November 5th, 2011
Since some time in the forenoon today it is being observed that the website www.mit.gov.in is not avaialble. This site which belongs to the DIT, Government of India appears to be down for unknown reasons. It is possible that there may be a denial of service attack on the server.
It is however strange that the […]
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Posted in November 5th, 2011
Mr Azim Premji’s commment that “There is complete lack of Governance” at the Central Governemnt level drew complaints from Congress spokes persons Mr Manish Tiwari and Mrs Ambika Soni with an expected denial. They have also asked for specific instances to be cited by Mr Azim Premji.
Mr Azim Premji may have several big issues in mind […]
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Posted in November 1st, 2011
I would like to call attention of Mr Manish Tiwari spokes person for Congress party in India which is currently ruling.
Yesterday, Mr Azim Premji the respcted businessman of India and head of the Wipro group made a statement that “there is complete lack of Governance” and this could affect the economy of India.
As always, Mr […]
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Posted in October 31st, 2011
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Nancy Reyes in
All News, Asian News, Breaking News, Business News, Country News, Economic News, India News, Philippines News, Society and Culture, Technology News, crime
The LATimes has a story that India has now produced a thirty five dollar tablet computer for it’s students, or sort of…
The plan is to distribute thousands of the computers in coming months to students at a government-subsidized rate of $35.
It has taken several years to develop, faced a lot of skepticism and received […]
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Posted in October 31st, 2011
The Reserve Bank of India mandated to all Banks through its Circular letter dated 29th April 2011 that recommendations of the G Gopalakrishna Working group on Information Security and Electronic Banking shall be implemented during the year 2010-2011 and progress reported in the annual report of the coming year.
Further RBI advised that by October 31, […]
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Posted in October 31st, 2011
Not long ago, in June this year a delegation of DIT officials and Justice Rajesh Tandon, the Chair Person of Cyber Appellate Tribunal attended an international Cyber Security Summit in London. Justice Tandon cancelled some important hearings to attend this summit. Now on November 1st and 2nd, another delegation is attending another Cyber Security meet […]
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Posted in October 19th, 2011
According to Hindustan Times report today, Mr Janakiraman Moorthy, convener of CAT 2011 (Common Admission Test for entrance into IIMs in India) has given a press statement as follows
“If any candidate discloses, publishes, reproduces, transmits, stores, or facilitates transmission and storage of the contents of the CAT in any form or […]
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Posted in October 13th, 2011
Debates on whether aid works, how much aid budgets should be and how they are spent ought not to be the only focus, says the India800 Foundation, a charity that will present its work at the House of Lords in London on Monday. […]
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Posted in October 6th, 2011
Cyber Laws is an enigmatic subject for technologists. They create Cyber Space but some body else create laws for the same and ride over technologists. This often creates confrontation between the technologists and law enforcement. This conflict is most evident in the filed of Interent laws. Internet space which was created by technologists as a […]
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Posted in September 24th, 2011
(This is a continuation of part 1)
Dr Chakravarti continued his speech in Vancouver making some significant observations on the need for Ombudsman in financial industry. These have significant impact on the Indian system of Banking Ombudsman also.
Speaking on the role of an Ombudsman, Dr Chakravarty said
“The role of […]
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Posted in September 23rd, 2011
Reserve Bank of India is a huge institution and it is no surprise that there are four Deputy Governors assisting the Governor. The Banking industry in India itself has undergone such a transition since say 1970s that the priorities of Bankers has undergone a significant change.
As a person who entered the […]
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Posted in September 22nd, 2011
Recently two Phishing Cases have been reported involving a combination of a Bank and a Mobile Service Provider. In both cases the combination is State Bank of India and Vodafone. Ever since RBI introduced the OTP system as a second factor authorization for some net based transactions, many Banks have jumped […]
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Posted in September 13th, 2011
We are now remembering the 10th anniversary of the terrorist attack on the World Trade Center in New York which marked the beginning of a crusade against Terrorism led by USA. India should be considered as a prominent member of this crusade though we are more a victim than a fighter in the cause.
A similar […]
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Posted in September 6th, 2011
It is now more than two months since Justice Sri Rajesh Tandon left office as Chairperson of Cyber Appellate Tribunal (CAT) since he attained superannuation duirng hsi contractual term.
Though his term was known to end on June 30, 2011, the Department of Information Technology (DIT) failed to take timely action in finding a replacement for […]
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Posted in August 30th, 2011
The decision of the Madras High Court in deferring the execution of the death sentence of the Rajiv Gandhi killers raises many interesting questions.
First of all the ground for consideration is the delay in the execution. The delay itself was due to the inefficiency or lack of political will of the Government of India. Now […]
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Posted in August 23rd, 2011
It was good to see Mr Varun Gandhi’s commitment to the Anti Corruption movement despite the hesitations of the BJP top brass. First Varun is reported to have submitted the Jan Lokpal Version of the Bill to the speaker as a private member’s bill. So far no further information is available on the status of […]
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Posted in August 23rd, 2011
BJP is not showing a resolve to support the anti corruption movement of Anna. While UPA is trying its own tricks to delay a decision in the Lok Pal bill and using the procedural wrangles to trap Anna Hazare team, BJP is also talking about “Parliamentary Proedures” and supporting the UPA stand.
At this point a […]
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Posted in August 22nd, 2011
The way NDTV is covering the Anti Corruption movement and the way one Mr Sandeep was arguing today (22nd) around 6.10 pm indicates that NDTV is conspiring with the UPA to divide the support base to Anna Hazare.
Yesterday there was one so called Dalit leader who stated that because there is no reservation for Dalits […]
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Posted in August 22nd, 2011
For the last few months, the DIT has been engulfed with the 2G scam issue and regular work in the department seemed to have stopped. For the last few days the familiar face of Mr Kapil Sibal the chief advisor of UPA in Lokpal matters is missing from public gaze. Perhaps he has withdrawn from the […]
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Posted in August 21st, 2011
In the last few days the UPA leaders have started mobilizing criticism of Anna Hazare on the grounds that it is unconstitutional to question the Parliamentary process. Hence it is important for us to reflect on the sanctity or otherwise of the constitution and how it is affected by the demands of Anna Hazare.
As pointed […]
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Posted in August 19th, 2011
The Anna Hazare movement which is rightly recognized as a “Freedom Struggle” for “ Freedom from Corruption” has gone much beyond the Jantar Mantar, the Ramlila Grounds and reached the global platform. Protest rallies are occurring not only in other cities in India but have been reported from other countries as well. It has also […]
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Posted in August 14th, 2011
The 64th Independence day celebration in India is marked as also the celebration of the call for Freedom from Corruption. In this fight against corruption Anna Hazare is recognized as the hope of the country. It is difficult not to recognize the similarities in the challenges that are faced by Anna Hazare in the Congress Raj and […]
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