INSUBCONTINENT EXCLUSIVE:
Reserve Bank (RBI) to look into cases of financial frauds involving amounts which are below Rs 1 lakh, IT (information technology) Minister
Ravi Shankar Prasad said in Rajya Sabha on Friday
A Financial Data Protection bill has been drafted that aims to address issues related to data theft, including from social networking
websites, he also told House
Presently, RBI along with banks is tracking cases of frauds related to credit, debit and ATM cards and internet banking involving over Rs 1
Question Hour while responding to Supplementary queries
He also mentioned that data on hacking placed before Upper House is substantially related to financial fraud
involving transaction below Rs 1 lakh amount," he said
To a supplementary query on steps taken to curb hacking of data from social networking sites, Prasad said, "Today, India will not bow down
We took action against Facebook moment we received complaint." A Financial Data Protection bill has been drafted that aims to address all
