Web Sify
Follow us on
Sify.com » Topics » Cyber
Cyber News

Banks to be held responsible for fake notes in ATMs
Chennai, Jan 27 (IANS) Banks are responsible for any fake notes dispensed by their automatic teller machines (ATMs) and should compensate customers for the loss when fraudsters withdraw money from their accounts using stolen data. This was the view that emerged at a seminar on security of banking operations held here Friday. "Banks cannot wash off their hands on the issue of fake notes dispensed