Like in PATCO case,DO OUR BANKS GUARANTEE CYBER SECURE ACCOUNTS ?

1.   Suppose you have a SBI or HDFC or ICICI Bank or any bank account and you keep doing your regular transactions via their internet banking services like you pay your electricity bills or your mobile or phone bills etc.So ALL is WELL till every thing is going as expected.But then one day you realize that there were transactions that happened without your knowledge or worse some money gets siphoned off without your permission.....Now a journey starts......wherein the account holder will keep expediting with bank of what happened,why it happened,when will he get his money back???? and on the other hand bank will keep trying to prove that it is you or the account holder who acted irresponsible in his transactions and thus became the victim....the typical tu tu....mein mein.....

2.    Keeping this typical story in the background,now just think that did u ever make a attempt to know of what bank standards are maintained in respect of IT Security infrastructure....does bank conduct third party audits seriously?..... in fact the list to know answers to all these questionnaire pertaining to IT security issues of the bank will end up getting complex which would go beyond the understanding level of a typical user...so the simple question is WHO GUARANTEES A SECURE IT INFRASTRUCTURE for a BANK?...is it the bank itself that says " I am secure " or some one else has some authority or some standard that guarantees security....ie Can your savings bank account ever be guaranteed for being HACK FREE?Although the immediate answer in the current setup is sadly "NO"...but there is good news here....for this u need to read this article on " PATCO FRAUD CASE DISPUTE "

3. Brief of this good news goes like this in a Short ppt

  PATCO Construction Company Sues Bank After Cybertheft by   Anupam Tiwari

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Malicious Shortened URLs : Rising Threat

1.     Internet today is all but a minefield of boogies,traps and malware.....every day so many threats are born....though most of them die but still a huge percent of them survive the security walls and become stronger by time as they are able to remain live and acvtive.In recent times shortened URLs have become popular amongst users (including me...:-) to conserve the typing space like in microblogging sites viz twitter etc.So typically a naive(???),prone user who submits his long URL to a site to get a shortened URL receives a second,specially coded shortened URL that redirects to the original URL.So here lies the weak hole that is most of the times exploitable by the attacker...because the actual destination URL is hidden in it....so going by the looks...there is nothing to worry...but it is the redirection that is a cause of worry...it may be right or may be redirecting to a malicious link....!!!!so when some one uses a free URL shortener ,he does not have control over that shortened link. And, should something happen to the provider of that URL shortener, then he risks redirecting ALL of shortened links elsewhere!!!

2.  We all know that clicking links is pretty tempting....so it is just a matter of one redirected malicious link click that makes the difference....so whats the solution????...actually companies like Facebook,Gmail, SBI, Paypal ,twitter etc are offering users the option of persistent SSL encryption and authentication across all the pages of their services including the login and all accessible pages.....but this does not stand good for all...for these sites also..it is optional to vide the settings for accessing....

7 years of Indian Cyber Law

1. While reading a recent article by Rohas Nagpal @ 7 years of Indian Cyber Law….i came across these cases which have been briefly but adequately discussed at length in the article by the author ie Rohas Nagpal. Must read …just for updated info……

- Avinish Bajaj vs State of Delhi

- Firos Vs State of Kerala

- Syed Asifuddin vs State of Andhra

- SBI vs Rizvi Exports

- State vs Mohd Afzal

- Is ATM a computer

- P.R.Transport agency vs UOI & others

2. For another link on similar info ,pls click here.

3. Thanks http://www.asclonline.com & Mr Rohas Nagpal,President Asian School of Cyber Laws