Recollected cyber crime and fruad management on 16.02.2019

RECOLLECTED QUESTION OF PAPER ON 16 Feb 2019

2

cyber crime definition

3

john doe order

4

cyber stalking

5

cyber warfare

6

phishing

7

zeus

8

.non repudiation

9

.trapdoor

10

 Ethical hacking

11

2D/matrix code

12

.RFID

13

symmetic encryption

14

 Encryption and decryption

15

c-Dac

16

payment and settlements system 2007

17

acquiring bank

18

 brute force attack

19

man in the middle attack

20

session hijacking

21

CBI specialised structures

22

.electonic signature

23

US Initiative -cyber security information sharing act

24

.it act andit amendment act.

25

.Pki

26

.authenticity

27

SWIFT-details

28

IT adjudicator-detail

29

Budapost convention details

30

piggyback

31

threats

32

motives of cybercrime

33

APT agents-page 14

34

cybercrime not defined

35

threat landscape

36

fastflux

37

cyber squatting-infring trademark

38

stuxnet attack nuclear programe in iran

39

life imprisonment c terrorism

40

vishing

41

data/information

42

pillars IS -2 mark

43

authorisation/authentication

44

diff b/w digital and elec signature

45

tailgating

46

masquerading

47

data diddling

48

MiTMZombies

49

hacking def

50

hacking tools-steganograpy/profiling/key logger/key stroke logger

51

rootkit

52

white hat/black hat

53

zero day vulnerability

54

script kiddie

55

mens rea

56

application process control-software

57

RFID tags

58

detection control-principles

59

mitigation controls

60

telephonic instructions case study

61

digital footprints

62

cdr long form

63

BPSS

64

IPS- Intrution prevention sys

65

ISO 27001-ISMS

66

GPS

67

APP-def details

68

Rupay -network managed by NFS

69

shimmer

70

RBI stated banks that terminals installed at merchants should certified PCI-DSS PA-DSS page 147

71

ITAA 2008 exclusions

72

acts amemded y ITA 2000

73

anwar vs Basheer case page-162

74

jurisdiction page 162

75

NCRB

76

incidence of tax

77

OED-guiding principles for taxation in e com--page 174

78

major criminals in cyberspace -youth page 187

79

CERT in national nodal agency

80

G Gopalkrishna working group-2mark

81

IDRBT manages INFINET page 202

82

NTRO

83

national security policy by DeITY

84

CBI undee ministry of personal

85

RAW under PMO

86

Interpol details

87

BOSS devloped by C-DAC

RIGHT TO INFORMATION ACT - 2005

RIGHT TO INFORMATION ACT - 2005
- Information can be obtained by Indian Citizen only.
- Information is available with public information officer, appointed by each organization for that purpose.
- Time for providing information: 30 days.
- Fine for delay in providing information : per day Rs.250 and total maximum fine Rs.25,000
- Record preservation time: 5 to 8 years as fixed by Central Govt.
Government of India enacted 'Right to Information Act 2005’which replaced Freedom of Information Act, 2002. The Act will have an overriding effect, notwithstanding Official Secrets Act, 1923 The Act aims at setting out the practical regime of right to information for citizen to secure access to information under the control of Public Authorities, in order to promote transparency and accountability in the working of every public authority. The Bank is a public authority within the meaning of the Act and will have the obligations as listed in the Act, as the Bank has been constituted under an act of Parliament.
'Information' means any material in any form. The right to information includes an access to the information, right to inspect the work, documents, records, taking notes, extracts or certified copies of documents / records and certified samples of the materials and obtaining information which is stored in electronic form.
Any citizen can request for information by making an application in writing or through electronic means together with the prescribed fees of Rs.10/-. It is not required to give any reason as to why he is seeking the information. The information should be furnished or rejection of the request should be informed within 30 days.
An officer is designated the Assistant Central Public Information Officers (ACPIOs) will receive request for information from the public. 'Central Assistant Public Information Officer' (CAPIO) is empowered to provide information. One senior CPIO at the apex level is designated as Appellate Authority.
Appeals can also be made before the State or Central Information Commissions. The decision given by the State/Central Commission is binding.

CONSUMER PROTECTION ACT 1986 & RULES 1987

CONSUMER PROTECTION ACT 1986 & RULES 1987
An Act to provide for better protection of the interests of consumers.
❖ W.e.f. 15th April, 1987. Amend. 15th March ,2003 ( not applicable in J&K state )
❖ Limitation 2 years from cause of action.
❖ Time limit – Admission of complaint 21 days. Decision 3 months without analysis and 5 months with analysis.
❖ Relief: Removal of defect, replacement, refund, award of compensation.
❖ Frivolous complaint : imprisonment 1 month to 3 years & Fine Rs.2000 to Rs.10,000
❖ Appeal: Against Distt. Forum to State Commission deposit of 50 % of amount or Rs. 25,000, whichever less. Against State Commission to National Commission Rs.35, 000 and against National Commission to Supreme Court Rs.50, 000. Period for appeal 30 Days.
❖ Provision for the establishment of consumer councils and other authorities for the settlement of consumers’ disputes.
❖ District Forum: To entertain complaints where the value of the goods or services and the compensation, if any, does not exceed Rs.20 lakh.
❖ State Commission: To entertain complaints where the value of goods or services and the compensation, if any, exceeds Rs.20 lakh and does not exceed Rs.1 crore.
❖ National Commission: To entertain complaints where the value of goods or services and the compensation, if any, exceeds Rs.1 crore.
The Act applies to all goods and services unless specifically exempted. It enshrines the rights of the consumers.
The Act provides for simple, speedy and inexpensive redressal of consumer grievances. It envisages three-tier quasi-judicial machinery at the National, State and District levels: National Consumer Disputes Redressal Commission, State Level. Consumer Dispute Redressal Commissions and District Level Consumer Disputes Redressal Forums
A complaint can be filed by
a) A consumer
b) Any voluntary registered consumer organization
c) State, Central Governments or Union Territory Administration.
The Relief available is:
a) Removal of the defects from the goods
b) Replacement of the goods
c) Refund of the price paid; or
d) Award of compensation for the loss or injury suffered.

What is Vote on Account?

What is Vote on Account?
A vote-on account is basically a statement ,where the government presents an estimate of a sum required to meet the expenditure that it incurs during the first three to four months of an election financial year until a new government is in place, to keep the machinery running.
Difference between Vote on Account and Interim Budget?
Vote-on-account deals only with the expenditure side of the government's budget, an interim Budget is a complete set of accounts, including both expenditure and receipts.

OMBUDSMAN

OMBUDSMAN:
Scheme announced by RBI u/s 35 A of BR Act.
✓ Scheme effective from June 1995 and amended in June’02 & 01.01.2006.
✓ Covers scheduled commercial banks, RRBs and co-operative banks.
✓ Deals with: Deficiency in banking services, delayed collection of cheques, non-issue of drafts, interest rate disputes, failure to honour LC/guarantee commitments, delay in disposal of loan application
✓ It promotes settlement through conciliation
• Applicable all SCBs including RRB/Co-operative banks (Including J&K state)
• RBI appoint its own CGM/GM
• In case of loan related complaints only in case of non-observance of RBI directives, delay in sanction or disbursement, time schedules etc.
• If one month lapsed after lodging complaint with bank and no reply received or reply not satisfactory. Complaint can be made within one year of the above period. Cases pending in court or already decided by court/ ombudsman, not eligible.
Procedure :
➢ On receipt of complaint, ombudsman will refer the matter to bank to promote settlement by agreement. If not settled within 1 month, ombudsman shall announce award.
Award :
➢ Can direct bank for specific performance in addition to compensation up-to Rs.10 lac against indemnity. Binding on bank if customer gives acceptance within 30 days from receipt. Compliance by bank within 1 month of receipt of acceptance from customer.
Appeal :
➢ Against award or against ground of rejection of complaint, customer can file appeal within 30 days on receiving the award / rejection of complaint, to Dy. Governor RBI. Appeal by banks against award can be made within 30 days of date of receipt of customer acceptance, with permission of CMD or ED or CEO

CREDIT INFORMATION BUREAU (INDIA) LTD (CIBIL)

CREDIT INFORMATION BUREAU (INDIA) LTD (CIBIL)
CIBIL was originally set up by SBI and HDFC with shareholding of 40% each and the other two companies i.e. DUN and Bradstreet Information services India Pvt Ltd and Trans Union International INC. having 10% shareholding each. The envisaged role of CIBIL is to A) Gather credit related information regarding individuals and Corporate /Commercial Credit users, B) Maintain a database of this information and sell this information in reports to a closed user group for a price. At present SBI and HDFC reduced their holding to 16.25% each, rest taken up by ICICI Bank, PNB, Bank of India, Union Bank of India, Bank of Baroda etc. CIBIL has a database of 20 million records from 12 members. The company has a paid up capital of 25 crores.

IMPORTANT

SME RATING AGENCY OF INDIA LIMITED (SMERA)
✓ Joint initiative by SIDBI, Dun & Bradstreet Information Services India Private Limited (D&B), CIBIL and several leading banks in the country.
✓ Takes into account the financial condition and several qualitative factors that have Bearing on creditworthiness of the SME.
✓ Better rating from SMERA could lead to favorable credit terms such as lower Collateral requirements and interest rates and simplified lending.
✓ SMERA has signed a memorandum of understanding with State Bank of India for Rating the SME clients of the bank.
CLEARING CORPORATION OF INDIA LTD. (CCIL)
o CCIL was incorporated in 2001.
o Country’s first clearing house for the Government Securities, Forex and other related Market segments.
o Operates Collateralized Borrowing and Lending Obligation (CBLO) a repo variant With several unique features for NDS Members.
MULTI COMMODITY EXCHANGE OF INDIA (MCX, NCDEX & NMCEIL)
➢ MCX and independent and de-mutulised multi commodity exchange for facilitating online Trading, clearing and settlement operations for commodity futures markets across the country.
➢ NCDEX is a professionally managed online multi commodity exchange.
➢ National Multi Commodity Exchange of India Limited (NMCEIL) is the first demutualized, Electronic Multi-Commodity Exchange in India
Forward Markets Commission (FMC) headquartered at Mumbai is the regulatory authority for the commodity exchanges, which is overseen by the Ministry of Consumer Affairs and Public Distribution, Govt. of India. It is a statutory body set up in 1953 under the Forward Contracts (Regulation) Act, 1952. The exchanges that have been set up under overall control of Forward Market Commission (FMC) Of Government of India are Multi Commodity Exchange of India Limited (MCX), National Commodity & Derivatives Exchange Limited (NCDEX) and National Multi-Commodity Exchange of India Limited (NMCEIL)

Bitcoins

Bitcoins: It is a virtual and digital version of cash emerging as a global payment platform that can be used through
smart phones, tablets, and other devices. Bitcoin was introduced in 2009 by pseudonymous developer Satoshi
Nakamoto, when the global financial crisis led to distrust of Banks and Government was high. It is a peer-to-peer
payment network and digital currency based on an open source protocol, which makes use of a public transaction log.
When paying with Bitcoin, there will be no exchange of digital notes or tokens between buyer and seller. Instead, the
buyer requests an update to a public transaction log which shows ownership of the coins and is maintained by a
decentralized network that verifies and timestamps payments. What makes Bitcoin unique is that there is a record as to
who possesses it, and there is a network that records transactions and there is no way to increase the number of
Bitcoins in existence. It works on Cryptography proof that allows any two willing parties to transact directly with each
other without the need for a trusted third party - whether it is State or Bank or Regulator. Bitcoin is fast evolving in
terms of merchant adoption. Many large business houses, including Microsoft, Dell, PayPal, Dish Network, Expedia,
NewEgg and TigerDirect have adopted it. Bitcoin helps businesses save on transaction cost and settlement time and
mitigates risks related to foreign exchange. Bitcoin may be well suited to facilitating cheap cross-border money
transfers. However, these coins lack intrinsic value as their value depends only on the willingness of users to accept
them. Further, the big psychological hurdle in its usage is inability to reverse or recall transaction.
At present, the usage of virtual currency is not authorized by any central bank or monetary authorities. Israeli is in
forefront in creating tools to facilitate the Bitcoins to be used in many ways such as buying of products, sending
remittances and investments in stock market. The United States is currently considered to be Bitcoin friendly compared to
other nations. On the flipside, there are concerns with regard to maintenance of its value, KYC compliance, taking undue
advantage of the system (unlawful activities) by unscrupulous persons/agencies and lack of consumer protection.
Recently, the Central Banks of Europe, China and India expressed their concerns about the usage of the unregulated
currency. As on 1st January 2017, it is estimated that 15 million Bitcoins are in circulation across the globe and the value
of one Bitcoin reportedly quoted at $1000. Definitely, it is going to be a game-changer in virtual currency arena provided
it crosses regulatory hurdles.

Current Affairs on 13.02.2019

Today's Headlines from www:

*Economic Times*

📝 Banks clear MSME loans worth Rs 30k cr via 59-Min portal

📝 NBFC crisis hits corp bonds, sales dip 13% to Rs 4 lakh crore till Dec

📝 Neogen Chemicals gets Sebi's go ahead for IPO

📝 NPA under Mudra Yojana stands at Rs 7,277 crore

📝 India remains fastest growing ad market in the world with AdEx growth estimate of 14% in 2019: GroupM

📝 Allahabad Bank dials RBI for transfer of bad loan from Hong Kong

📝 95% real estate companies outside the income tax net, finds CAG

📝 Larsen & Toubro's hydrocarbon arm get order worth over Rs 7,000 crore in Algeria

*Business Standard*

📝 Swiggy Stores to take on online grocers Grofers, BigBasket and Dunzo

📝 Sun Pharma net profit up four-fold to Rs 1,242 crore in Dec quarter

📝 Indian airlines losses to shrink by $500-700 million in FY20: CAPA

📝 Govt to sell 100% stake in Air India ground handling arm, invites EoI

📝 IIP grows at 2.4% in December against 7.3% in year-ago period

📝 Govt targets Rs 4,000 crore through additional Bharat-22 ETF sale

📝 Coal India Q3 net profit surges 50% to Rs 4,567 cr, beats Street estimates

📝 NCC Ltd posts Q3 result, net profit increases by 74% at Rs 167.57 crore

📝 Hindalco reports higher-than-expected Q3 PAT at Rs 713 crore, up 47% yoy

*Financial Express*

📝 Karur Vysya Bank Q3 net plummets 70% to Rs 21 crore

📝 Walmart, Google-backed Deliv end online grocery partnership

📝 Analysts downgrade Motherson Sumi estimates after third quarter results

📝 Oil prices rise on OPEC output cuts, as US sanctions bite

📝 Reliance AIF seeks two-year extension for redemption of 5 realty investments

📝 Banker Uday Kotak calls for ethical entrepreneurship

📝 Airtel tops data speed charts, Reliance Jio’s coverage the widest in Jul-Dec 2018: Report

*Mint*

📝 TPG Capital, Manipal in exclusive talks to acquire Medanta

📝 Air India asks govt to refinance ₹20,000 crore debt by 31 March

📝 Sebi may reduce charges levied on intermediaries by up to 60%

📝 Indian conglomerate Lohia acquires Israel's Light & Strong

📝 Trai extends deadline to switch DTH plans to 31 March

📝 Smallcase Tech raises funding in round led by Sequoia India

📝 Indian Hotels Q3 net profit up 50.9% to ₹173 crore

📝 Ipca Laboratories Q3 net profit jumps 52% to ₹160.18 crore.