In an advisory to over-the-top (OTT) platforms and self-regulatory...
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Some tankers in Mediterranean Sea visiting Russian ports hit by mystery explosions
“All the indications are that these have been deliberately...
Deadly airline crashes tarnish industry’s sterling track record
And although the recent string of accidents may be statistical...
Accenture says ransomware attack had no impact, withholds comment on data
Accenture said in a statement Wednesday that it had “identified irregular activity in one of our environments” and ” immediately contained the matter and isolated the affected servers.” It did not specify when the incident occurred — or acknowledge that it was ransomware. But the description of its response was consistent with ransomware.
China’s Communist Party unveils new plan for law-based governance
The new focus on governance comes in the midst of the on-going crackdown on China’s major corporates, including Alibaba, Tencent and the car hailing app, Didi, which resulted in a big drop in the shares of many Chinese firms listed in the US and Hong Kong markets.
Adopt zero trust identity to validate devices in network: Niti Advisor
“We will have to adopt zero trust identity and access management policy to validate each device in the organisation network. Intra-organisations meetings have become very common and inter-organisation is also happening. We need to automate device enrolment and software updates, leverage artificial intelligence tools for threat detection,” Niti Aayog senior adviser for science and technology, Neeraj Sinha said while speaking at an PHD chamber of commerce event on cyber security.
Global banks unwind India currency trades worth billions after RBI warning
Some lenders had racked up exposures of more than $1 billion each by using a regulatory loophole created in February to convert rupee deposits into dollars using a buy-sell swap — buying the greenback now while selling the same amount at a specified date in the future. They then used the proceeds to purchase U.S. government debt and profited from the arbitrage, paying around 3.5% on the local currency deposits and earning 4.9% on the 12-month yield on the currency pair.
Alibaba blasted by state media despite firing manager accused of sex assault
State media and online commentators were overwhelmingly critical of Alibaba’s perceived delay in handling the incident.
“Alibaba could not offer an answer that satisfies public opinion for this ham-handed inaction,” said an editorial in the Global Times tabloid, published by the state-run People’s Daily.
Prince Andrew sued in NY court for alleged sex abuse
Virginia Giuffre claimed in suit filed Monday in Manhattan federal court that the British royal sexually abused her at Epstein’s home in New York, on his private island in the U.S. Virgin Islands and in the London home of Ghislaine Maxwell, the British socialite who is in jail awaiting trial on charges she helped Epstein traffic underage girls for sex.
73% of Indian firms expect customer data breach in next 1 year
Nearly 57 per cent Indian organisation among those surveyed said it was somewhat to very likely that they’d suffer serious cyber-attacks in the next 12 months.
While 34 per cent suffered more than 7 cyber attacks that infiltrated networks/systems, 20 per cent had more than 7 breaches of information assets.
UNICEF India, Facebook launch initiative to create safe online environment for children
The partnership will include a nationwide social media campaign and capacity building for 1,00,000 schoolchildren on online safety, digital literacy and psychosocial support, it said.
Will take all measures to eliminate use of crypto-assets: Govt
In a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary also said the government will explore the use of block chain technology proactively for ushering in digital economy.
”The government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” he said.
India to Indonesia: Asian economies challenged by Delta Covid variant
Supply chains from Vietnam to Thailand, where outbreaks are surging, have also been interrupted, with factories that make goods for Nike Inc. and Adidas AG shutting down over virus restrictions, potentially missing out on the crucial holiday shopping season. That raises the prospect of Asia’s delta hit reverberating worldwide, if exports are delayed longer term.
“The current delta wave in Asia may snarl production networks further,” said Frederic Neumann, co-head of Asian economic research at HSBC Holdings Plc in Hong Kong. “The risk is that growth scars linger for longer.”