uid

When I opposed Aadhaar in 2010 , I was called a BJP stooge. In 2016 I am still opposing Aadhaar for the same reasons and I am told I am a Congress die hard. No one wants to see why I oppose Aadhaar as it is too difficult. Plus Aadhaar is FREE so why not get one ? Ram Krishnaswamy

First they ignore you, then they laugh at you, then they fight you, then you win. -Mahatma Gandhi

In matters of conscience, the law of the majority has no place. Mahatma Gandhi

“The invasion of privacy is of no consequence because privacy is not a fundamental right and has no meaning under Article 21. The right to privacy is not a guaranteed under the constitution, because privacy is not a fundamental right.” Article 21 of the Indian constitution refers to the right to life and liberty -Attorney General Mukul Rohatgi

“There is merit in the complaints. You are unwittingly allowing snooping, harassment and commercial exploitation. The information about an individual obtained by the UIDAI while issuing an Aadhaar card shall not be used for any other purpose, save as above, except as may be directed by a court for the purpose of criminal investigation.” -A three judge bench headed by Justice J Chelameswar said in an interim order.

Legal scholar Usha Ramanathan describes UID as an inverse of sunshine laws like the Right to Information. While the RTI makes the state transparent to the citizen, the UID does the inverse: it makes the citizen transparent to the state, she says.

Good idea gone bad
I have written earlier that UID/Aadhaar was a poorly designed, unreliable and expensive solution to the really good idea of providing national identification for over a billion Indians. My petition contends that UID in its current form violates the right to privacy of a citizen, guaranteed under Article 21 of the Constitution. This is because sensitive biometric and demographic information of citizens are with enrolment agencies, registrars and sub-registrars who have no legal liability for any misuse of this data. This petition has opened up the larger discussion on privacy rights for Indians. The current Article 21 interpretation by the Supreme Court was done decades ago, before the advent of internet and today’s technology and all the new privacy challenges that have arisen as a consequence.
Rajeev Chandrasekhar, MP Rajya Sabha

“What is Aadhaar? There is enormous confusion. That Aadhaar will identify people who are entitled for subsidy. No. Aadhaar doesn’t determine who is eligible and who isn’t,” Jairam Ramesh

But Aadhaar has been mythologised during the previous government by its creators into some technology super force that will transform governance in a miraculous manner. I even read an article recently that compared Aadhaar to some revolution and quoted a 1930s historian, Will Durant. Rajeev Chandrasekhar, Rajya Sabha MP

“I know you will say that it is not mandatory. But, it is compulsorily mandatorily voluntary,” Jairam Ramesh, Rajya Saba April 2017


Special

Here is what the Parliament Standing Committee on Finance, which examined the draft N I A Bill said.

1. There is no feasibility study of the project]

2. The project was approved in haste

3. The system has far-reaching consequences for national security

4. The project is directionless with no clarity of purpose

5. It is built on unreliable and untested technology

6. The exercise becomes futile in case the project does not continue beyond the present number of 200 million enrolments

7. There is lack of coordination and difference of views between various departments and ministries of government on the project

Quotes

What was said before the elections:

NPR & UID aiding Aliens – Narendra Modi

"I don't agree to Nandan Nilekeni and his madcap (UID) scheme which he is trying to promote," Senior BJP Leader Yashwant Sinha, Sept 2012

"All we have to show for the hundreds of thousands of crore spent on Aadhar is a Congress ticket for Nilekani" Yashwant Sinha.(27/02/2014)

TV Mohandas Pai, former chief financial officer and head of human resources, tweeted: "selling his soul for power; made his money in the company wedded to meritocracy." Money Life Article

Nilekani’s reporting structure is unprecedented in history; he reports directly to the Prime Minister, thus bypassing all checks and balances in government - Home Minister Chidambaram

To refer to Aadhaar as an anti corruption tool despite overwhelming evidence to the contrary is mystifying. That it is now officially a Rs.50,000 Crores solution searching for an explanation is also without any doubt. -- Statement by Rajeev Chandrasekhar, MP & Member, Standing Committee on Finance

Finance minister P Chidambaram’s statement, in an exit interview to this newspaper, that Aadhaar needs to be re-thought completely is probably the last nail in its coffin. :-) Financial Express

The Rural Development Ministry headed by Jairam Ramesh created a road Block and refused to make Aadhaar mandatory for making wage payment to people enrolled under the world’s largest social security scheme NRGA unless all residents are covered.


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Wednesday, June 15, 2016

10137 - A beating heart for faster money access - Live Mint


Banks are working on biometric verification, such as fingerprint and voice recognition, to make banking safer

Vivina Viswanathan


Let’s say you need to log in to your bank account, withdraw cash from an ATM or transfer money to someone. How do you complete the transaction? 

Mostly by entering your personal identification number (PIN) or password, depending on the type of transaction. What if you don’t have to enter a PIN or password? 

What if you can access your online banking using a wearable device that reads your heart beat? 

Everyone’s heartbeat is unique. And taking advantage of this unique identity feature, Toronto-based biometric and authentication technology company, Nymi, is experimenting with wearables. Here you can wear a wristband that transmits signals and identifies you as a user allowing you to bank online account. “In the coming year, biometric and authentication solutions are going to be the big changes in the financial services space. For me, the most interesting one is heart beat monitoring. You can simply measure it by wearing a device. Right now (being) experimented in Canada, this (technology) will become prevalent as it is secure and frictionless,” said 

Warren Mead, partner, global co-lead-fintech, KPMG Llp.
It may be too early to experience heart beat monitoring as a way to access your banking account in India, but Indian banks are slowly gearing up to use biometric technology in banking activities. Mint Money takes a look at the evolving cyber security space in banking.

The regulatory push
Globally, financial institutions are considered as one of the most vulnerable to cyber-attacks. In India, the use of technology for financial services has grown rapidly. The Reserve Bank of India (RBI), on 2 June, directed banks to immediately frame cybersecurity policies approved by their respective boards where the policies should discuss strategy, acceptable levels of risks and appropriate approaches to combat cybersecurity threats. “The policy should focus on aspects such as setting up security operations centres for continuous surveillance and management of cyber threats and protection of customer information,” the central bank noted in its statement. Banks have been asked to send a confirmation to RBI regarding setting up such a policy, by 30 September. Banks are also required to conduct an immediate study of any major gaps in preparedness against cyberattacks, propose measures to tackle them, check effectiveness of the proposed measures and set milestones with timelines for implementing them.


Moving to biometric
According to a KPMG report, FinTech in India-A global growth story, leading private sector banks are introducing innovative technologies to make banking more secure. Since securing an account with a powerful authentication tool is one of the important steps, globally, banks are working on technologies capable of using a customer’s unique characteristics for identity authentication. “The pressing need for financial institutions to deploy biometric technologies and adopt cybersecurity solutions is evident by the fact that the global cybersecurity market invested about $75 billion in 2015, which is expected to reach $175 billion by 2020,” notes Neha Punater, partner, management consulting, KPMG, in the report.

But why are banks looking at biometric? “Digitisation in banking is leading to a significant amount of data being generated. Banks need to speedily develop a strategic framework and policy mechanism to help ensure data security as well as promote the use of biometric technologies to prepare for future cyber-attacks,” Punater notes in the report.

Currently, some Indian banks are using fingerprint recognition and voice recognition.

Fingerprint recognition: In India, the use of fingerprint identification is linked to Aadhaar. In April, DCB Bank Ltd had launched a service using which you can withdraw cash from ATMs without your card and PIN. Your Aadhaar should be linked to your bank account. To use this facility, you have to enter your Aadhaar number and authenticate it with your fingerprint to withdraw cash. DBS Bank recently also launched a mobile banking app using which you can open a bank account by authenticating your fingerprint at a biometric device. Meanwhile, HDFC Bank Ltd is working on a similar product with FingPay of Tapits Technologies Pvt. Ltd, on biometric authentication at point-of-sale terminals. With this service, you can enter your Aadhaar number and scan your finger at the merchant’s outlet to make a payment.

Voice recognition: Bigger private sector banks such as ICICI Bank Ltd and HDFC Bank are also working on using voice recognition technology to authenticate customers based on their speech patterns. Last year, ICICI Bank had launched a voice recognition service. A person’s voice is identified based on parameters such as modulation, accent, diction and intonation. At the back end, the bank takes your voice print and authenticates it. The next time you have to ‘login’, your voice sample is compared with the one in the bank’s database. The customer needs to call from her registered mobile phone so that the voice recognition system can identify her. Industry experts say that HDFC Bank is also planning to launch a similar feature in the next 4-6 months.

What fintech companies can offer to banks
Besides working with information technology companies, banks are also closely working with financial technology (fintech) companies to help curb cyber fraud. For example, CustomerXPs, a company that provides fraud management solution for banks, works with banks to protect them and their customers from fraud by giving real-time analysis. “As a customer, you can interact with a bank through multiple channels, which means that fraud can happen through multiple channels,” said Rivi Varghese, chief executive officer, CustomerXPs Software Pvt. Ltd. Say, if a transaction happens on your credit card from Greece, and just minutes before it you withdraw cash in Mumbai through an ATM, the bank should be able to link with other channels to stop or trace this transaction. “If the bank works in isolation, it will not be able to link the two (transactions). However, if the bank has a view of all your transactions, it can prevent the fraud based on your transaction behaviour,” he added.

What should you do?
Banks are using various tools to tackle cyber fraud. However, as a customer, you too need to be careful. Currently, biometric technology for identification and authentication is not as widely used as PIN and password. So, never share your password or PIN with anyone. Change your passwords frequently and never use the same password for all websites. If you use banking apps, install them only from the authorised app store. If you use Internet banking, enable anti-virus and malware protection softwares. Use virtual cards for online transactions.
“Biometric is still at a nascent stage because initially the investment on technology was huge and the error rate was high. However, technology has evolved now and banks have started using biometric,” said Amit Jaju, executive director, cyber forensics, data analytics, software licence forensics, EY.
It may be a while before banks deploy biometric technology in a big way in India. But when it happens, your transactions will become more secure. Till then, you are your own security. Follow the simple steps mentioned earlier to keep your money safe.