Tokenisation acts as an additional layer of security as it masks sensitive card data such as the 16-digit account number, expiry date and security code. However, the security level of the app and the customer's mobile itself also needs to be taken into consideration, say experts. Nikhat Hetavkar explains the whole idea of tokenisation, how it is enabled, its impact on card transactions and related security guidelines.
The recent default on deposit payments by a couple of Yash Birla Group companies has brought to surface difficulties an investor has to face in recovering his money.
Consumer loans or personal continue to record the highest fraud incidence.
Roma teenager Afena-Gyan plays down apparent racist remark.
Every online user must put these additional security layer in place to prevent theft of their online identities and vital information like user IDs and passwords
There has been an exponential increase in the use of technology to validate financial numbers, with a greater reliance on electronic evidence, use of live videos where possible, data analytics, and project management software to overcome the physical limitations in verifying transactions and accounts.
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.
Salaried individuals may not need to file revised returns as they have only one source of income and there are lesser chances of erring while filing returns
Major shareholder Kinnevik, a Swedish investment firm, devalued Quikr by 45%, referring to the exaggerated revenue resulting from fraudulent transactions that rocked the company. Quikr is now valued at about $577 million.
India has historically not had a strong compliance mechanism around insider trading. This is in stark contrast to developed countries.
The payments industry is at a crossroads with the banking regulator on two pressing issues, neither of which seems headed towards an amicable solution. Depending upon which side accommodates the other, customers in India will have to choose between convenience and ironclad safety. In the end, the Reserve Bank of India (RBI), which regulates both banks and all payments services providers, will prevail. But the question is: will it do so by bending a little or by sticking to its firm stand? The two issues - one concerning payment facilitators storing customers' card details and the other about auto-renewal of payments - appear similar but aren't.
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries on HEALTH and AUTO insurance.
The number of cyber crimes in India could touch 3,00,000 in 2015
Be careful if you find your postal mails/ bank and financial statements intercepted, pilfered or tampered with.
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative.
Central bank raises red flag, warns of potential risk
The sportswear major has picked the activity to encourage a community around it in colleges.
Cos ask US treasury to discuss data localisation norms with Indian officials at all platforms the two countries would meet, including G-20, US-India Strategic Dialogue, and IMF Annual Meet.
Summary of sports events and persons who made news on Friday
Bitcoin currently trades at a price of $400 a unit, as against lofty highs of $1,200 early this year
Absence of comprehensive data protection and privacy laws will be barriers in the government's digitalisation drive.
A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
The war between hackers and banks over ATM security will be dynamically redefined, notes Atanu Biswas.
While we are slowly moving towards a future where using hard cash will be obsolete, it is indeed a wise idea to start using E-payment cards for pocket money. We need to keep up with the times while we follow our children into the future.
Here are some pointers that should serve as red flags for you
As all regulators are part of it, individuals don't need to worry about approaching the right authority
There may be huge discounts and easy EMI options on your favourite expensive smartphone, but do not swipe your credit card left, right and centre, warns Rajiv Raj
Vaihayasi Pande Daniel glances at the life and political career of Alexey Navalny who has been banned from challenging Vladimir Putin in Russia's presidential election.
Credit cards, if used properly, can be a great way to build one's CIBIL score.
While you can land a very good bargain in an auction at times, you might need to deal with illegal occupants and dues on the property
'The RBI is not releasing Rs 2,000 notes for the last 10 days; probably they have stopped printing it.'
Consumers worldwide overwhelmingly are ready to share their personal information to get better services from their doctors, bank and retailers, but they are cautious about how they share.
'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'
'On Saturday, I drove my wife over to Beverly Hills for sushi.' 'Two blocks before Rodeo, we turned the car around, because we saw hundreds driving pickup trucks and marching down sidewalks, yelling, donning MAGA gear, and waving huge Trump flags.' I tell you... It was scary.' 'And this didn't look like a defeated throng.' 'These folks looked like they knew something we didn't,' notes Rajiv Satyal, the Los Angeles-based comedian and host.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
If you want to keep your CIBIL Score alive and kicking (healthy) make sure you steer clear from the above mentioned common credit score killers.
It will allow more transparency in policies and flexibility in premium payment, besides improving processing of claims.
A glance back at some of the important ups and down Indian Inc faced in 2018.
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.
Actor Matt Damon addressed the graduating class of 2016 at the Massachusetts Institute of Technology (MIT).
