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Investment Advisers, Research Analysts should disclose AI tool usage to clients: Sebi
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Ransomware 2.0: India and Australia logged the highest number of incidents across APAC region
Vitaly Kamluk, Director of Global Research and Analysis Team (GReAT) for APAC at Kaspersky, revealed that at least 61 entities from the region were breached by a targeted ransomware group in 2020. India and Australia logged the highest number of incidents across APAC.
Dubbed as “Ransomware 2.0”, this type of attack goes beyond kidnapping a company’s or an organization’s data. These groups are now utilizing the increasingly valued digital reputation to force their preys to pay hefty ransom.
Citrix hit by DDoS cyberattack, says working on a fix
According to ZDNet, victims of these Citrix-based DDoS attacks have mostly included online gaming services, such as Steam and Xbox.
What skills are Indians learning for 2021
To land lucrative jobs and fit in the drastically changing work environment, 26% of the total students enrolled for programming with Python training, 23% for digital marketing, and 22% students focussed on learning web development. Ethical hacking and machine learning training were also popular among students with 15% and 14% enrolments respectively
After RBI rap, fintech grouping comes out with code of conduct for industry
The RBI circular cited reports that spoke about excessive rates of interest and additional hidden charges demanded from borrowers, adoption of “unacceptable and high-handed recovery methods” and also misuse of agreements to access data on the mobile phones of the borrowers.
In a statement, FACE, which is formed by EarlySalary, KreditBee, Kissht, CashE, and LoanTap, said maintaining an ethical code of conduct with “larger accountability and transparency is essential for enabling robust financial inclusion in India”.
The code speaks on transparency, disclosure of all costs to customers, pricing and cost of credit, fair treatment, collection, fair treatment, data privacy and resolution of grievances.
Govt starts contest for strengthening digital network platform for COVID-19 vaccine distribution
The Health Ministry is looking for technical solutions that can address issues of portability, transportation, queue management, reporting and monitoring mechanism for any adverse event following immunization.
Massive cyberattacks that shook the world in 2020
The biggest of them perhaps came to light towards the end of the year when cybersecurity company FireEye earlier this month revealing that it became a target of hackers who accessed tools that the company uses to test its customers’ security.
According to a report in The Wall Street Journal, suspected Russian hackers installed a malware in the Orion software sold by the IT management company SolarWinds, and accessed sensitive data belonging to several US government agencies, at least one hospital and a university.
Laptops, desktop sales see ‘renaissance;’ shortages won’t ease until 2022
Some computers coming to market in the next few months address new needs. They feature better cameras and speakers for video conferencing, analysts said. More models will have a cellular chip, aiding users who can access 4G or 5G mobile signals but not traditional Wi-Fi.
Sam Burd, president at PC maker Dell Technologies Inc, this month said the industry “renaissance” would soon bring devices with artificial intelligence software to simplify tasks like logging on and switching off cameras.
Annual global shipments of PCs, the industry’s collective term for laptops and desktops, topped out at about 300 million in 2008 and recently were sinking toward 250 million. Few expected a resurgence.
But some analysts now expect 2020 will close at about 300 million shipments, up roughly 15% from a year ago. Tablets are experiencing even faster growth.
China launches antitrust probe into tech giant Alibaba
It follows China’s dramatic suspension last month of Ant’s planned $37 billion initial public offering, which had been on track to be the world’s largest, just two days before shares were due to begin trading in Shanghai and Hong Kong.
In a strongly worded editorial, the ruling Communist Party’s People’s Daily said that if “monopoly is tolerated, and companies are allowed to expand in a disorderly and barbarian manner, the industry won’t develop in a healthy, and sustainable way”.
1 in 10 gamers have had their ID stolen, $347bn at risk
According to global research by cyber-security firm Kaspersky, a third (33 per cent) of gamers have suffered at the hands of cheats.
According to the 5,031 gamers surveyed across 17 countries, nearly a fifth (19 per cent) have also been bullied while playing.
All of these combined cause stress and anxiety in 31 per cent of the games surveyed.
For companies like Nintendo, Sony and Microsoft, 2020 has been a record-breaking sales year as millions stayed home during the pandemic.
Insolvencies, cyber threats and ESG scrutiny are top risks for directors and officers in 2021:Allianz
Forthcoming insolvency warnings are among the top concerns for the D&O insurance sector as insolvency is a key cause of D&O claims – insolvency administrators usually look to recoup losses from directors.
According to Euler Hermes, the bulk of insolvencies is still to come through the first half of 2021, with its global insolvency index likely to hit a record high for bankruptcies, up 35% by end of 2021, and with top increases expected in the US, Brazil, China and core European countries such as UK, Italy, Belgium and France.