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GLOBAL ATM HEIST
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...
Local peers fret and fuss as global giants enter Indian digital payments segmentWe are not against foreign players as they help expand the ecosystem. But there’s no level playing field. Norms have been relaxed for them,...
All of us are sitting on a ticking time bomb called the internetThe vulnerability of our cyber systems is a ticking time bomb. It can explode anytime, anywhere. Even in your hands, as your smartphone too...
Indian banks are waking up to a new kind of cyber attackThe RBI last month directed several banks to cross-check all trade documents issued over the past one year.
As India braces for digital payments future, how secure are banks from cyber attacks?A study by Assocham-PwC notes a surge of about 350% in cybercrime cases registered under the IT Act, 2000 between 2011 and 2014.
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...
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...