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ATMs not to be replenished with cash after 8 PM

ATMs not to be replenished with cash after 8 PM

 Concerned over incidents of attack on cash carrying vans, government has proposed that ATMs should not be replenished with cash after 8 PM in cities and private cash transportation agencies must collect money from the banks in the first half of the day.

Threats to Indian IT industry and two faces of hacking

A gang of cyber-criminals operating in 26 countries stole USD 45 million by hacking their way into a database in the second week of May 2013. Another incident which happened recently is of Rs 2.4 crore heist by cyber criminals who hacked into the Mumbai-based current account of the RPG Group of companies.

ATM heist one-off incident: NASSCOM President

"I think it is a one-off incident and I think it is wrong to link it to India," he told reporters on the sidelines of a NASSCOM event here.

ATM heist: Pune firm credit card processor for RakBank?

ElectraCard processes the prepaid travel cards for RakBank, one of two West Asian banks named by US prosecutors on Thursday as victims of the heist.

India outsourcing under scanner after $45-mn global ATM heist

Outsourcing of jobs by global financial institutions to Indian shores has come under scanner, with the perpetrators of a USD 45-million worldwide ATM heist apparently breaching computer systems of a payment processing firm in India for their con job.