‘RBI should act on online bank frauds’
Bank Bachao Desh Bachao Manch suggests appointment of independent IS auditors at all banks
image for illustrative purpose
The forum has also appealed to the apex bank Governor to instruct all banks to investigate the operations of business correspondents to detect malpractices, if any, like substitution of biometric details of customers at the time of opening of accounts
Kolkata: In the wake of multiple instances of online bank frauds through misuse of biometrics data in Aadhaar cards, a popular civil society forum here has appealed to Reserve Bank of India (RBI) Governor Shaktikanta Das for the introduction of information security (IS) audit system for banks.
Bank BachaoDeshBachaoManch, the said forum representing various sections of the civil society, in its communique to the RBI Governor, has sought appointment of independent IS auditors for all banks.
According to the forum communique, the appointment of independent IS auditors to conduct in depth investigation in all banks, who have mobile banking apps, will enable unearthing of facts so that the entire industry becomes sensitive towards the safety of customers’ deposits.
Instruction to be issued to all the banks not to set any such target on branch functionaries, which in turn could trigger off adoption of malpractices to achieve the same to satisfy the authorities, as per the communique to the RBI Governor, a copy of which is available with IANS. The forum has also appealed to the apex bank governor to instruct all banks to investigate the operations of business correspondents to detect malpractices, if any, like substitution of biometric details of customers at the time of opening of accounts.
