Online transactions come with a bit of danger
Dr. Harold D'costa
CEO- IQSS
“Practically since last one year, there was no work for people, and even if there was any, it was done from home. And hence, the cyber security breaches have gone up exponentially. In today’s circumstances and scenario, every bank account holder should question a bank about its cyber security policy, if they are followed by the bank and if they are examined by RBI. The RBI also in 2017 in cyber security practises has laid down specific rules and regulations, which seem good on a piece of paper but when it comes for implementation, it’s a big shock. Corporative banks put the onus that nationalist bank is responsible to pay the money to them. This flashed as a heading on a certain channel. This has been in process from their side. Here, the nationalist bank is not at fault, as it has two security practices in place.”
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