Source :Outlook :NEW DELHI | DEC 07, 2010
Concerned over incidents of largescale frauds, the Central Vigilance Commission has directed all Chief Vigilance Officers of banks to maintain confidentiality of their passwords.
It has asked all CVOs to deal "ruthlessly" with people found to be careless and advised necessary action.
"It has been observed by the Commission that bank employees in certain cases are still not keeping secrecy of their passwords. Instances are still coming to the notice of the Commission where frauds of large amount have been committed by misusing the passwords of employees," the CVC said in a recent circular.
The Commission said it has to be ensured that all employees keep their passwords secret and change them as frequently as possible. The banks may evolve systems and procedures to ensure the same.
"Instances of casual approach by any password holder should be dealt with ruthlessly by the concerned bank and as the same may put huge funds at risk," the anti-corruption watchdog said in a communique issued to all CVOs of banks.
The Commission has asked the vigilance officers to regularly monitor the issue and report its compliance on a monthly basis.
Each bank issues passwords separately to its employees to ensure safe and trouble-free working.
Interestingly, the CVC noticed two cases of impersonation and sent a warning cum caution letter to all concerned organisations.
In a first instance, a person claiming himself to be K V R Reddy, IRS, Additional Commissioner (South), Central Vigilance Commission had visited the office of CVO, Union bank of India, Mumbai attempting to get details of some accounts pertaining to Hyderabad region.
Whereas, another person by the name and designation of Dr R Dayal Yadav, Director-Research and claiming to be working in the name of the President of India and under the lens of CVC was found to be sending e-mails to officers of Oil India Limited (OIL) and Numaligarh Refinery Ltd (NRL), Assam either asking for certain details or making a programme of visits or inspections.
"The persons (referred to above) are not associated with the CVC in any capacity whatsoever," it said asking all CVOs to exercise caution in entertaining such persons of dubious identity and inform all subordinate or field offices to be alert.
It has asked all CVOs to deal "ruthlessly" with people found to be careless and advised necessary action.
"It has been observed by the Commission that bank employees in certain cases are still not keeping secrecy of their passwords. Instances are still coming to the notice of the Commission where frauds of large amount have been committed by misusing the passwords of employees," the CVC said in a recent circular.
The Commission said it has to be ensured that all employees keep their passwords secret and change them as frequently as possible. The banks may evolve systems and procedures to ensure the same.
"Instances of casual approach by any password holder should be dealt with ruthlessly by the concerned bank and as the same may put huge funds at risk," the anti-corruption watchdog said in a communique issued to all CVOs of banks.
The Commission has asked the vigilance officers to regularly monitor the issue and report its compliance on a monthly basis.
Each bank issues passwords separately to its employees to ensure safe and trouble-free working.
Interestingly, the CVC noticed two cases of impersonation and sent a warning cum caution letter to all concerned organisations.
In a first instance, a person claiming himself to be K V R Reddy, IRS, Additional Commissioner (South), Central Vigilance Commission had visited the office of CVO, Union bank of India, Mumbai attempting to get details of some accounts pertaining to Hyderabad region.
Whereas, another person by the name and designation of Dr R Dayal Yadav, Director-Research and claiming to be working in the name of the President of India and under the lens of CVC was found to be sending e-mails to officers of Oil India Limited (OIL) and Numaligarh Refinery Ltd (NRL), Assam either asking for certain details or making a programme of visits or inspections.
"The persons (referred to above) are not associated with the CVC in any capacity whatsoever," it said asking all CVOs to exercise caution in entertaining such persons of dubious identity and inform all subordinate or field offices to be alert.
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