The report by Bengaluru-based Fairwork India, spearheaded by the...
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NSE Clearing warns investors, clearing members against fake communication
These fake circulars and letters, featuring the unauthorized use of...
The dark side of technology: AI-driven cyberattacks call for upgraded security measures
In September 2024, insurer firm Star Health experienced a...
SIA-India for unleashing full potential of all satellite bands for IoT
”Satellite-based connectivity has proven to be a cost-competitive and efficient alternative to the provision of broadband – whether directly or by extending terrestrial networks – especially in places that would otherwise be difficult or impossible to reach with terrestrial infrastructure,” said statement by SIA, a non-profit association representing the interests of communication satellite ecosystem in India. The comments come against the backdrop of TRAI inviting public views for framing licensing norms for satellite-based connectivity for low bit rate applications. The low bit rate applications are sensor-based applications used in ATMs, traffic management, vehicle tracking, IoT devices.
China could rule world’s technology, UK cyber spy chief says
“Significant technology leadership is moving East,” Fleming said at Imperial College London. “The concern is that China’s size and technological weight means that it has the potential to control the global operating system.” “We are now facing a moment of reckoning,” he said.
Data Protection:RBI bars American Express Banking Corp. and Diners Club International from on-boarding new domestic customers
These entities have been found non-compliant with the directions on “Storage of Payment System Data”.
n terms of RBI circular on Storage of Payment System Data dated April 6, 2018, all Payment System Providers were directed to ensure that within a period of six months the entire data (full end-to-end transaction details / information collected / carried / processed as part of the message / payment instruction) relating to payment systems operated by them is stored in a system only in India.
Britain’s driverless car ambitions hit speed bump with insurers
Insurers are key players in the shift to automated driving, with some investing in a technology they believe will slash accidents and deaths, and save them billions in payouts.
But they are worried drivers might equate today’s lower levels of automation with fully self-driving vehicles, potentially causing more accidents in the short term and permanently damaging public confidence in the technology.
Bank of England sees potential risks from cloud data providers
Regulators globally have been tightening scrutiny of outsourced functions as they worry that core services financial firms provide to customers are vulnerable to outages at third parties.
Britain’s government is keen to promote fintech as an area of growth and hopes that nimbler regulation will enable it to steal a march over the European Union, where British financial firms now have reduced access due to Brexit.
On Monday, finance minister Rishi Sunak asked the BoE to work with the finance ministry on whether the central bank should set up a digital version of sterling to compete with cryptocurrencies, which he dubbed ‘Britcoin’.
Chinese military seen behind Japan Cyber-attacks, NHK Says
The cyber-security firm FireEye Inc., which characterizes Tick as a suspected Chinese espionage group with attacks dating to at least 2009, has seen it target hundreds of Japanese organizations. These include research institutions and government agencies, said John Hultquist, vice president of intelligence analysis at the firm.
1/3rd of Indian small businesses turn to technology to combat COVID-19
“Indian small businesses are ambitious, forward-looking and focused on their customers. Many turned to technology to improve customer satisfaction and business strategy last year.
“In a post-COVID era, the ability to identify and invest in suitable technologies to improve business efficiency and profitability will be critical for small business success. India’s youthful small business sector has proven it has this savviness in abundance,” Chau said.
Govt permits ICMR to conduct study on using drones to deliver COVID-19 vaccine
The ICMR will conduct this study in collaboration with Indian Institute of Technology (IIT) Kanpur, the ministry’s press release said.
Twitter becomes platform of hope amid the despair of India’s COVID crisis
In response, people are bypassing the conventional lines of communication and turning to Twitter to crowdsource help for oxygen cylinders, hospital beds, and other requirements. People in need and those with information or resources share telephone numbers of volunteers, vendors who have oxygen cylinders or drugs, and details of which medical facility can take patients using hashtags like #COVIDSOS.
Tesla drives on Autopilot through a regulatory grey zone
The Texas crash follows a string of crashes involving Tesla cars being driven on Autopilot, its partially automated driving system which performs a range of functions such as helping drivers stay in lanes and steer on highways. Tesla has also rolled out what it describes as a “beta” version of its FSD system to about 2,000 customers since October, effectively allowing them to test how well it works on public roads.
Harris County police are now seeking a search warrant for the Tesla data and said witnesses told them the victims intended to test the car’s automated driving. NO REQUIREMENTS