North Korean hackers linked to Cosmos Bank heistCosmos Bank, a Pune based co-operative had lost Rs 94.42 crore in one of the largest banking heists in the country through withdrawals from...
Kaspersky raps hacking group Lazarus for recent ATM attacksKaspersky and other security firms had also linked the WannaCry ransomware attacks to the Lazarus group, in which hackers demanded ransom i...
Cash logistics firms emerge as the hero in times of distressIt does not help that banks have decided to prioritise disbursement of cash from the branch over ATMs. This slows down disbursement.
With rising crime, banks emerge as biggest buyers of civilian firearmsPvt banks are managing with a mix of 'on-the-roll' security and 'on contract' guards, and PSU banks are hiring ex-servicemen or trained arm...
Government shouldn't solely rely on moustache power to deter ATM robbersMoustaches as an attribute of manliness has been undergoing a bit of a downturn of late as bare upper lips have become the norm even in Ind...
The easiest billion dollar heist, everA gang of hackers from Russia, Ukraine and China spent months planning and carrying out the robberies across 100 financial institutions.
Robbers loot cash van of over Rs 1cr, kill ATM security guardWe are scanning CCTV footage to ascertain the sequence of events and are yet to ascertain the looted amount: Police
India is popular destination for data theft: ReportAs the country's estimated USD 108 bn IT services industry is becoming the world's favoured outsourcing centre, India is emerging as a popu...
Space age stealing: Bank robbery no longer attracts the best and brightest criminal mindsNot a techie? Not a problem! If you can dial a phone, use an instant message service, or sign a lunch cheque, you’re good to go.
Why India & India Inc need whistle-blowersIndia has a frightening quantity of spurious drugs being bought and sold in the less reputed segments of its fragmented pharma industry.
Lesson from global ATM heist: India Inc is a sitting duck for cyber crooksOnce business leaders start looking for weak spots in their IT systems, they will figure out the inherent and not-so-obvious gaps in the sy...
IT services companies under attack from cyber crooksMandatory disclosures of breaches are not enforced in India, denying others in the industry the ability to be on guard in case of an attack.
- ElectraCard is seeking new security certification
ElectraCard Services, which is named in the multi-million dollar global ATM fraud, today said it is seeking fresh security certification fr...
ATM heist one-off incident: Som Mittal, NASSCOM PresidentNASSCOM President Som Mittal today said the $45-million worldwide ATM heist was a one-off incident and it was wrong to link it to India.
ElectraCard loses security certification post $45 mn global ATM heistElectraCard said it has already taken measures to strengthen its processing environment and was confident of being re-certified.
ATM Heist: Breach likely at Pune-based ElectraCard ServicesElectraCard, which is part of the Opus Software Group, is partially-owned by the world's number two payment network MasterCard.
India outsourcing under scanner after $45-mn global ATM heistThe modus operandi included hacking in computer systems of payment processing cos to compromise account details of prepaid card a/c custome...