Girish Chandra Murmu, Comptroller and Auditor General of India...
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Software vendors would have to disclose breaches to U.S. govt users under new draft order: Report
The proposed order would adopt measures long sought by security experts, including requiring multi-factor authentication and encryption of data inside federal agencies.
The order would impose additional rules on programs deemed critical, such as requiring a “software bill of materials” that spells out what is inside. An increasing amount of software activates other programs, expanding the risk of hidden vulnerabilities.
HDFC Bank, SBI, others not adhering to norms on bulk SMSes, says Trai
“As sufficient opportunity has been given to principal entities/ telemarketers to comply with the regulatory requirements and that the consumers cannot be deprived of the benefits of the regulatory provisions any further, therefore it has been decided that from April 1, 2021, any message failing in the scrubbing process due to non-compliance of regulatory requirements will be rejected” by the system, TRAI said in a statement.
TRAI’s norms for commercial messages, based on blockchain technology, aim to curb unsolicited and fraudulent messages.
Financial services space set for disruption over next 10 years: Kamath
Citing the first wave of change brought about in the banking space 20 years ago, Kamath said it changed the sector in a positive way.
“Unless you internalise it’s going to be a digital world…we will see a very quick evolution of this space in the next 10 years. It’s not just bank but entire financial services space is set for disruption, not necessarily a negative way, it can be also in a positive way,” the former president of New Development Bank said.
New wave of ‘hacktivism’ adds twist to cybersecurity woes
According to a U.S. counter-intelligence strategy released a year ago, “ideologically motivated entities such as hacktivists, leaktivists, and public disclosure organizations,” are now viewed as “significant threats,” alongside five countries, three terrorist groups, and “transnational criminal organizations.”
Over 500 drones to measure India’s rural assets, end property dispute woes
A big force of drone pilots on the ground to measure the rural land in India stretching from Kanyakumari to Kashmir and Shillong to Somnath, would be deployed by the Survey of India (SOI).
“A hi-tech drone takes around 15 minutes to map an average Indian village. We expect that by March 2024, the ‘drone flying’ in the country would be complete,” said Sunil Kumar, the Union Secretary for the Panchayati Raj Ministry, the nodal agency for implementing the massive land survey scheme.
Dark Web offers fake Covid results, vax certificates starting from Rs 1,800
“Multiple vaccine variants are also available for sale: AstraZeneca, Sputnik, SINOPHARM and Johnson & Johnson, with prices ranging between US$ 500 and US$ 1000 per dose,” the report noted.
India antitrust watchdog orders probe into WhatsApp’s new privacy policy
The Competition Commission of India (CCI) said WhatsApp had violated competition laws “through its exploitative and exclusionary conduct … in the garb of policy update.”
Authentication platform Prove acquires MEDICI Global
MEDICI Founder and CEO, Aditya Khurjekar said “We built our platform to enable at-scale innovation in fintech with domain depth and ecosystem-wide engagement. The MEDICI team is looking forward to bringing our passion for this space to Prove in the next phase of the company’s growth journey.”
Sebi tightens rules for exchange disruptions
SEBI also said on Monday it had asked the NSE to identify those responsible for the failure within 21 days and to determine why it did not move to a backup swifter.
Brokers and traders criticised the NSE sharply for not communicating well enough during last month’s outage, which they said caused losses for some investors.
The outage was the second major one for the NSE in recent years after a five-hour shutdown in 2017 due to a software problem.
Skymet launche adigital platform for connecting banking and insurance sector to agriculture
This digital platform paves the way for farmers to enhance crop yield and decrease crop risks.
skAIgeo helps the insurance sector to customise polices or programs after evaluation of crop risk assessment using different indices.