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Google loses final EU court appeal in $2.7 bn antitrust shopping case
The European Union's Court of Justice upheld a lower court's...
Star Health confirms data breach, Hacker ‘selling 57.5 lakh insurance premium records for $150K
“We acknowledge that we were the victim of a targeted malicious...
Govt not to seek disclosure of flash sales from etailers; to act on consumer complaints
Discount sales that benefit maximum to consumers will continue, but not fraudulent flash sales on the e-commerce platforms, the government said, adding that the etailers need not be “anxious” about the draft rules.
Ban on fraudulent flash sales, mis-selling and appointment of chief compliance officer/grievance redressal officer — are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government has sought public comments by July 6.
Sustainability solution or climate calamity? The dangers and promise of cryptocurrency technology
Bitcoins don’t exist as physical objects, but new coins are “mined”, or brought into circulation, through a process that involves using powerful computers to solve complex mathematical problems. This process requires so much energy, that the Bitcoin network is estimated to consume more energy than several countries, including Kazakhstan and the Netherlands.
Airtel, Tata Group team up for ‘Made in India’ 5G network solutions
Notably, the partnership with Tata Group allows telecom operator Airtel to take head-on, rival Jio’s pitch on homegrown 5G solutions. Mukesh Ambani-led Reliance Jio is accelerating the rollout of digital platforms and indigenously-developed next-generation 5G stack.
Govt plans to bring stricter e-commerce rules, flash sales may be history
Further, if the norms come into effect, every e-commerce shall establish an adequate grievance redressal mechanism having regard to the number of grievances ordinarily received by such entity from India.
Amazon and Flipkart, among others, will have to appoint a Chief Compliance Officer, a Resident Grievance Officer and a nodal contact person in India.
Ransomware payment may be allowed tax deductible in US
The IRS, the US body for tax administration, offers no formal guidance on ransomware payments, but multiple tax experts interviewed by The Associated Press said deductions are usually allowed under law and established guidance. It’s a “silver lining” to ransomware victims, as some tax lawyers and accountants put it.
Ransomware has become a multibillion-dollar business, and the average payment was more than $310,000 last year, up 171% from 2019, according to Palo Alto Networks.
PM Modi announces launch of M-Yoga app to expand yoga across globe
“The M-Yoga app will be a great example of the fusion of modern technology and ancient science. I believe that the application will play a great role in expanding Yoga across the world and will make the ‘One World, One Health’ motto a success,” Prime Minister Narendra Modi said.
Inside a ransomware attack: how dark webs of cybercriminals collaborate
Not only do these attacks have a crippling economic effect, costing billions of dollars in damage, but the stolen data acquired by attackers can continue to cascade down through the crime chain and fuel other cybercrimes. Ransomware attacks are also changing. The criminal industry’s business model has shifted towards providing ransomware as a service. This means operators provide the malicious software, manage the extortion and payment systems and manage the reputation of the brand.
Govt working on real-time translation tool to bridge language barrier among people
This ambitious language translation project, with a timeline of 5-7 years, is being developed using artificial intelligence and modern technologies to end the language barrier in the country.
”We have started working on a very ambitious national language translation mission. See the magic of new technology. For centuries we have lived with the reality that a person who knows only Bengali cannot communicate with a person who knows only Malayalam. This will change,” MeitY Secretary Ajay Prakash Sawhney said while speaking at a NIXI event.
Bank, airline websites go dark briefly in international internet outage
The resultant cascading failures, which affected services from Amazon.com Inc. to Shopify Inc. and Stripe Inc., served as a stark reminder of how exposed the world’s biggest websites are to the impact of disruptions ranging from simple human error to coordinated cyberattack.
Cathay Pacific working with Airbus on single-pilot system for long-haul
That promises savings for airlines, amid uncertainty over the post-pandemic economics of intercontinental flying. But it is likely to encounter resistance from pilots already hit by mass layoffs, and safety concerns about aircraft automation.
Lufthansa has also worked on the single-pilot programme but currently has no plans to use it, a spokesman for the German carrier told Reuters.