InfoSecBulletin Cybersecurity for mankind
The Reserve Bank of India fined Visa 24.1 million rupees (nearly $288,000) for using an unauthorized payment transfer system. The central bank made this announcement on Friday (July 26).
“It was discovered that the entity (Visa) had implemented a payment authentication solution without regulatory clearance from the RBI,” the central bank said in a statement, without providing any specifics on the violation.
Eight New ICS Advisories released by CISA
By infosecbulletin
/ Saturday , December 21 2024
CISA has released eight advisories on vulnerabilities in Industrial Control Systems (ICS). These vulnerabilities affect essential software and hardware in...
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Authority Denies
Hacker claim ransomware attack on Indonesia’s state bank BRI
By infosecbulletin
/ Friday , December 20 2024
Bank Rakyat Indonesia (BRI), the largest state bank by assets, has assured customers that their data and funds are secure...
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London-based company “Builder.ai” reportedly exposed 1.2 TB data
By infosecbulletin
/ Friday , December 20 2024
Cybersecurity researcher Jeremiah Fowler reported to Website Planet that he found a non-password-protected 1.2 TB dataset containing over 3 million...
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(CVE-2024-12727, CVE-2024-12728, CVE-2024-12729)
Sophos resolved 3 critical vulnerabilities in Firewall
By infosecbulletin
/ Friday , December 20 2024
Sophos has fixed three separate security vulnerabilities in Sophos Firewall. The vulnerabilities CVE-2024-12727, CVE-2024-12728, and CVE-2024-12729 present major risks, such...
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“Workshop on Cybersecurity Awareness and Needs Analysis” held at BBTA
By infosecbulletin
/ Thursday , December 19 2024
A time-demanding workshop on "Cybersecurity Awareness and Needs Analysis" was held on Thursday (December 19) at Bangladesh Bank Training Academy...
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CVE-2023-48788
Kaspersky reveals active exploitation of Fortinet Vulnerability
By infosecbulletin
/ Thursday , December 19 2024
Kaspersky's Global Emergency Response Team (GERT) found that attackers are exploiting a patched SQL injection vulnerability (CVE-2023-48788) in Fortinet FortiClient...
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U.S. Weighs Ban on Chinese-Made Router TP-Link: WSJ reports
By infosecbulletin
/ Wednesday , December 18 2024
The US government is considering banning a well-known brand of Chinese-made home internet routers TP-Link due to concerns that they...
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Daily Security Update Dated: 18.12.2024
By infosecbulletin
/ Wednesday , December 18 2024
Every day a lot of cyberattack happen around the world including ransomware, Malware attack, data breaches, website defacement and so...
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CISA released best practices to secure Microsoft 365 Cloud environments
By infosecbulletin
/ Wednesday , December 18 2024
CISA has issued Binding Operational Directive (BOD) 25-01, requiring federal civilian agencies to improve the security of their Microsoft 365...
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Data breach! Ireland fines Meta $264 million, Australia $50m
By infosecbulletin
/ Wednesday , December 18 2024
The Irish Data Protection Commission fined Meta €251 million ($263.6 million) for GDPR violations related to a 2018 data breach...
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The statement further read, “We duly acknowledge the RBI order and remain committed to following RBI guidelines and regulations to continue providing safe and secure payment solutions in India.”
According to Reuters, the RBI ordered the credit card business in February to stop using an unauthorized method for specific commercial payments.
In February, Visa and Mastercard were reported to have paused intermediate commercial card payments in India following an RBI directive. The central bank instructed the companies to halt domestic transactions for business payment solution providers (BPSPs).
“Visa received a communication from the RBI on February 8, in what appears to be an industry-wide request for information on the role of business payment solution providers (BPSPs) in commercial and business payments,” a Visa India spokesperson told Reuters at the time.
PayU, a digital financial services provider, got approval from the RBI to operate as a payments aggregator. This means PayU can now onboard new merchants. PayU Payments offers digital payment solutions designed for the Indian market, catering to eCommerce brands, banks, and consumers.
