Banking Security

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Cyber Assessment of Banks: RBI auditing public sector banks is great, but some key issues need resolution
News & Analysis

Cyber Assessment of Banks: RBI auditing public sector banks is great, but some key issues need resolution

Addressing these concerns, RBI has issued directives for routine audits and is also planning surprise checks. While these are welcome moves, some of the key issues need to be addressed to assuage genuine concerns of citizens.

The cyber law series: Keep your hands off my online stash; how internet fraud works
News & Analysis

The cyber law series: Keep your hands off my online stash; how internet fraud works

Recently, a group of cybercriminals, one of them a deputy manager at Axis Bank, allegedly hacked into the mobile wallet facility provide by Axis, and State Bank of India, and siphoned off more than Rs 25 lakh from nine account holders.