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.
CYDES 2025 Reinforces Malaysia’s Vision of Secure and Trusted Digital Nation
By F2
/ Thursday , July 3 2025
The final day of the Cyber Defence & Security Exhibition and Conference (CYDES) 2025 concluded with high-impact engagements at the...
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Cisco alerts that Unified CM has hardcoded root SSH credentials
By F2
/ Thursday , July 3 2025
Cisco warns that a vulnerability in Cisco Unified Communications Manager (Unified CM) and Cisco Unified Communications Manager Session Management Edition...
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MCSS to implement 6 strategic goals with 7 objectives over 6 year: NACSA Chief
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/ Wednesday , July 2 2025
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CYDES 2025
Malaysia placed cybersecurity heart of the regional agenda: DPM Ahmad Zahid
By F2
/ Tuesday , July 1 2025
Malaysia's Deputy Prime Minister Datuk Seri Dr. Ahmad Zahid Hamidi said that Malaysia has placed cybersecurity at the heart of...
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Amid Meta moves; OpenAI is largely shutting down next week: Wired
By F2
/ Tuesday , July 1 2025
Mark Chen, the chief research officer at OpenAI, sent a forceful memo to staff on Saturday, promising to go head-to-head...
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Canada orders Hikvision to close operations over national security
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/ Tuesday , July 1 2025
The Canadian government ordered Hikvision to stop all operations in the country due to national security concerns. Hikvision, based in...
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/ Sunday , June 29 2025
Doctors at Columbia University Fertility Center have reported what they are calling the first pregnancy using a new AI system,...
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By infosecbulletin
/ Saturday , June 28 2025
Cybersecurity experts and federal authorities are warning that the Scattered Spider hackers are now targeting aviation and transportation, indicating a...
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Russia’s restrictions on Cloudflare making websites inaccessible
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/ Saturday , June 28 2025
Since June 9, 2025, Russian users connecting to Cloudflare services have faced throttling by ISPs. As the throttling is being...
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61 million Verizon records allegedly posted online for sale
By infosecbulletin
/ Saturday , June 28 2025
A new report from SafetyDetectives reveals that hackers posted a massive 3.1GB dataset online, containing about 61 million records reportedly...
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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.
