Visa gave information to CBI officials on global trends in fraud risk management, cybercrime and measures available to detect and combat them
New Delhi: To spread awareness on changing nature of cyber crime and card frauds in India, global payment company Visa has sensitised officials from the Central Bureau of Investigation (CBI) about modus operandi of electronic payment frauds and measures to combat them.
Visa said it has stepped up its electronic payments security awareness initiative with a Cards Fraud and Payments Risk Awareness Programme for Indian law enforcement agencies.
"This programme has been developed in response to growing government and public concerns around increased fraud exposures around electronic payment products, cyber security and cyber crime," it said in a statement.
Yesterday, Visa conducted a workshop in New Delhi where CBI officials of economic offence wing were given information on global trends in fraud risk management, cybercrime and measures available to detect and combat them.
The company said that given the rapidly changing nature of cybercrime and card fraud in India, the objective of the awareness programme was to share the modus operadi of electronic payment frauds and the intricacies involved in them.
"This programme also focused on providing information on new technologies to track and combat online and offline frauds," the company said.
Visa Group Country Manager (India and South Asia) Uttam Nayak said the company is committed to developing a safe and secure online experience. "Through such programmes we play our part in keeping the country's payment system safe and ensure that law enforcement agencies have the latest skills at their disposal," he said.
VK Gupta, Special Director of CBI said that as a law enforcement agency, it is critical to understand the evolving cybercrime landscape and the latest technology used to track and prevent criminal activities.
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IRDA has come up with momentous regulations which will change the health insurance industry workings if the draft is implemented without watering it down. TPAs' role will get marginalized and hence they may try to scuttle the implementation in its current form
Insurance Regulatory and Development Authority (IRDA) has finally issued draft health insurance regulations addressing several areas of concern which were raised in a public interest litigation (PIL) by social activist Gaurang Damani. The draft covers product design, renewability, portability, file and use procedures, protection of policyholders' interest, servicing of health insurance policy, third party administrators (TPA), contract between insurer and hospitals and so on.
According to Mr Damani, "They have accepted 80%-90% of what I had demanded in the court. A few minor things remain, some of which are already there in their other circulars, but just need to be added to the policy document. I would mention the same in the next court hearing. One point that is missing in the draft guidelines is need for a doctor's signature in case of claims denial."
The important points in IRDA guidelines are related to following: