Advocate (Dr.) Prashant Mali's Blog

Online Banking & Credit Card Fraud Advisory !! After listening to plight of sufferers from various online and credit card banking related frauds and handling so many cases of fraud right from Rs. 15 thousand  to Rs. 52 Lakhs, i have humbly by experience come to following conclusion and Advisory 1. Every Net banking users should have two bank accounts 2. One in technology oriented banks like icici, hdfc,axis,yes,sbi etc with online banking option etc 3. One account in any other cooperative bank but balance up to Rs. 100000/- only na d if you want to have more balance at hand Rs. 1 lakh each in different trustworthy cooperative banks. Rest can be in fixed Deposits  [ This is said coz RBI only insures up to 1 lakh i.e if the bank goes kaput up to 1lakh RBI will pay you] 4. In the technology oriented bank maintain only amount needed for handling online transactions as Bill payment or ticketing e.t.c 5. When ever required, money can be transferred to online banking accou

What is Sensitive Personal Data or Information in India ?  [ DATA PROTECTION LAWS IN INDIA ] Sensitive Personal Data or Information though not directly defined in The Section 2 of The IT Act, 2000. But the definition which has force of law is  defined under  the  section 3  of   THE INFORMATION TECHNOLOGY (REASONABLE SECURITY PRACTICES AND PROCEDURES AND SENSITIVE PERSONAL DATA OR INFORMATION) RULES, 2011 made by Central Government  In exercise of the powers conferred by clause (ob) of sub­section (2) of section 87 read with section 43A of the Information Technology Act, 2000 (21 of 2000). Section 3 reads as  3.    Sensitive personal data or information. —  Sensitive personal data or information of a person means such  personal information  which consists of   information relating to;― (i)  password;      (ii) financial information such as Bank account or credit card or debit card or other payment instrument details ;        (iii) physical, physiological and mental