Maharashtra allows banks to hire private security agencies for cash vans
The Maharashtra government has allowed public and private sector banks to engage private security agencies for securing cash vans…
By web-post | 3 minutes read
RBI announces exclusive domains to enhance cyber security in banks
The Reserve Bank of India has announced that Indian banks will receive an exclusive internet domain 'bank.in', whilst non-bank…
By web-post | 2 minutes read
Vietnam: Mandatory biometric authentication leads to big drop in bank account fraud
Vietnam is seeing the positive impacts of implementing biometric authentication when it comes to combating fraud across the…
By web-post | 2 minutes read
Singapore warns of uptick in impersonation scams
Police and banking authorities in Singapore are warning people to beware of a sophisticated impersonation scam that netted crooks…
By web-post | 1 minute read
PNB launches 'Safety Ring' to enhance security for internet, mobile banking
State-owned Punjab National Bank (PNB) has introduced a new security feature 'Safety Ring' within its internet banking system and…
By web-post | 1 minute read
Bank Biometrics becomes mandatory in Vietnam
The State Bank of Vietnam (SBV) has announced that biometric authentication has become mandatory for certain online transactions…
By web-post | 2 minutes read
Bank frauds up almost 300% in last two years, digital frauds up 708%: RBI
The number of frauds in the banking sector went up to 36,075 in 2023-24 year-on-year, but the amount involved reduced by 46.7 per…
By web-post | 2 minutes read
RBI alerts banks on heightened cyber security threats, gives action plan to address vulnerabilities, says report
The Reserve Bank of India (RBI) has cautioned some banks, urging them to fortify their defences against potential cyber attacks,…
By web-post | 2 minutes read
Banks should fortify cyber security as fraud cases rise: RBI
The RBI has said that the banks should focus on fortifying cyber security and prevention of cyber frauds to safeguard their…
By web-post | 2 minutes read
Bank slapped with hefty fine by RBI for security lapse after over Rs 12 cr stolen by hackers
The Reserve Bank of India (RBI) has imposed a penalty of Rs 65 lakh on AP Mahesh Cooperative Urban Bank for failing to comply…
By web-post | 1 minute read
No evidence of data leak, says ICICI Bank ED
Private sector lender ICICI Bank on April 22 denied any customer data leaks amid speculations. The bank hasn't seen any evidence…
By web-post | 1 minute read
SAI urges RBI to direct banks to deploy round-the-clock security personnel
Security Association of India, a body that deals with private security services, has written to the Reserve Bank of India…
By web-post | 1 minute read
