ICICI Pocket Application May Be Insecure And Violative Of Indian Laws

.....However, doubts have been raise about the legality of such a service and its use in India especially keeping in kind the recent developments in the banking field. Techno legal experts have opined that ICICI’s Facebook application Pockets may be violating Indian cyber and banking laws. According to Praveen Dalal, managing partner of New Delhi based ICT law firm Perry4Law and leading techno legal expert of Asia, the Reserve Bank of India (RBI) has recently declared that Risk Management for Card Present Transactions would become operational from 1^st October 2013............

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