About 70 per cent of ATMs in India are running on outdated operating systems, which makes it easier for fraudsters to crack them
New risks have been identified, which include risk of non-compliance, business investment risk and legal regulatory risk.
'A separate 'Investigation Agency (Other Offences)' or IA(OO), can be created under the state governments, with the expertise and resources required for investigating non-violent offences,' recommends Alok Tiwari, a Cabinet Secretariat officer.
As many as 641 customers across 19 banks have been duped of Rs 1.3 crore using stolen debit card data
Mallya, who is mired in a huge controversy for leaving India on March 2 in the middle of a massive loan default probe, was quoted as having said in an email interview to the Sunday Guardian published on March 13 that time was not 'right' to return to the country.
Indian companies lost around $53 million (about Rs 328 crore) due to phishing scams with the country facing over 3,750 attacks in July-September this year, making it the fourth most attacked nation globally.
The accounts were hacked during April and May, police said, adding that the Axis Bank had contacted Mumbai police and informed that they had set up a committee to probe the matter.
Besides the young techies and nerds who indulge in hacking for fun and as a challenge to break into important and tightly secured sites, crime syndicates are on the prowl to steal passwords, account details and personal information to indulge in illegal money transfers, ATM withdrawals and other damaging activities.
The minister asked jewellers not to recover transaction charges for use of debit or credit cards from customers.
There are 7 key rules one can follow to ensure that the chances of such fraud are almost reduced to a negligible level when shopping online, says Anil Rego
With debit cards of 5 banks compromised, time to be very cautious while transacting. If possible, avoid non-bank ATMs.
A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.
'Every man in the hot seat needs trusted cops to grind their axe with political opponents.' 'And that's what explains Waze's importance; him investigating the fake TRP scandal, his arrest of TV journalist Arnab Goswami, and heading the investigation into the Antilia bomb scare case.'
Hackers have begun to emerge from the shadows of suspicion.
Key documents related to the seven-year-old scam go missing from medical college in Gwalior.
Top officials in key ministries, including finance and IT, are of the opinion that a sensitive payments system such as UPI should not be on a platform whose security is possibly compromised.
The G20 chair has suggested three areas for the talks in Argentina - the future of work, infrastructure for development and a sustainable food future, areas where India has a lot at stake.
Documents such as PAN card, Aadhaar card, I-T return papers, which are used for KYC, can get leaked from a number of sources. Other prominent sources are the direct sales agents and photocopy shops, say Sanjay Kumar Singh.
Digitisation is changing the banking business. This shift has resulted in a change in banking job profiles.
'Even if the BJP's hope of a Congress-mukt Bharat is realised, it will still have to contend with Mr Gandhi's god-like status in the foreseeable future,' says Amulya Ganguli.
'The big fish are still out there and people will continue to die till they are brought to justice.'
'The COVID-19 pandemic must push the military into a long-term reconsideration of its primary challenges.' 'There must be greater emphasis on humanitarian aid and disaster relief including the management of contagious illnesses and impending crises caused by climate change,' notes Ajai Shukla.
Absence of comprehensive data protection and privacy laws will be barriers in the government's digitalisation drive.
Going to the bank and using your passbook to find out your bank balance while still available and widely used, technological innovations have brought your bank at your fingertips.
'Malicious files can silently sit in your phone and relay data to hackers without your knowledge.'
You should rather use nicknames, incorrect date of birth and if possible make a separate e-mail address for such apps and services. You should also not share your phone number
Not only is your privacy stripped stark naked, says Mitali Saran, the system itself is illegal and vulnerable.
Each dept could handle a designated area.
Be extra careful while using credit cards because there is a risk of misuse
Both sides to enhance cooperation in combating international terrorism.
While RBI is yet to come out with a clear regulatory framework for bitcoins, which have been gaining currency across the world over the past few months, it has issued an advisory cautioning general public against use of bitcoins and other virtual currencies.
Industrialists have the same complaints as they did in the UPA's second stint.
It's not e-retailers alone. Bankers are also celebrating initiatives like 'Big Billion Day Sale' this festive season.
Organisations are focusing on how they are going to be much more nimble, much more innovative and that is the ticket to success, Mark Goodburn tells Sangeeta Tanwar
An industry of scamsters is operating in the guise of call centres in India.
'Devyani -- she is a public servant and her personal life has already received far too much attention -- and her ambitious father now need to retreat to the background so that wiser diplomatic heads restore sanity to India-US relations as India prepares for parliamentary elections,' says Ambassador K C Singh.
'This is a Frankenstein's monster that will engulf us all in its rage and greed.' 'This fake news/WhatsApp forwards industry -- and especially, the use of it in politics -- is one of the biggest threats to our world today,' warns Amit Mehra.
'India is no longer the India of the '70s and the '80s.' 'It's a large country with the fastest growing economy.' 'In working with India, you just can't go and humiliate the nation publicly.' USIBC President Mukesh Aghi tells Aziz Haniffa/Rediff.com about how he advises American companies to do business with India, what he thinks of Modi's government and the way forward for the India-US relationship.
Meet the US Attorney who took on Donald Trump.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
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