Technology

Dr Reddy’s faced a major data breach yesterday which triggered a shutdown of its key facilities. The company experienced data breaches in servers in the UK, the US, India, Brazil and Russia. Afterwards, the company released a statement which said that in the wake of a detected cyberattack, it had isolated all data centre services to implement preventative measures. Dr Reddy’s anticipates all services to be up within 24 hours and does not expect any major impact on operations due to the cyberattack.

Cybersecurity tops corporate priorities in India now: Study

Oct 25, 2020 | Eco/Invest/Demography, Facts, Non-Life, Risk Management, Technology

With users connecting from outside the corporate walls, secure access defined as the ability to verify identity and establish trust no matter how, where, or when users log in, is the top cybersecurity challenge faced by the largest proportion of Indian organizations (68 per cent)when supporting remote workers.

Microsoft most imitated brand by hackers in Q3 2020: Report

Oct 25, 2020 | Eco/Invest/Demography, Facts, Risk Management, Technology

In a brand phishing attack, criminals try to imitate the official website of a well-known brand by using a similar domain name or URL and web-page design to the genuine site.

The link to the fake website can be sent to targeted individuals by email or text message, a user can be redirected during web browsing, or it may be triggered from a fraudulent mobile application.

Without us even realising it, Google has occupied every nook and cranny of our existence

Oct 25, 2020 | Articles, Technology

Google’s prevalence has brought the company to a critical point. On Tuesday, the Justice Department sued it for anticompetitive practices, in the most significant antitrust action by the U.S. government against a technology company in decades. The government’s case focused on Google’s search and how it appeared to create a monopoly through exclusive business contracts and agreements that locked out rivals.

Russians who pose threat to US elections have hacked nuclear plants and power grid

Oct 25, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

In other attacks, it has hijacked the software updates for computers attached to industrial control systems. It has also blasted targets with phishing emails in search of employees, or co-workers, who might have access to critical systems at water, power and nuclear plants.

Apple fixes 6 malicious apps posing as Adobe Flash installers

Oct 25, 2020 | Eco/Invest/Demography, Non-Life, Risk Management, Technology

Cyber criminals managed to pass malicious apps through the Apple app “notarization” process for the second time this year, reports ZDNet.
The six new notarised apps posed as Flash installers.

Once installed, the apps would download and install the OSX/MacOffers adware.

OSX/MacOffers is known for modifying the search engine in the victim’s browser.

The six malicious apps have now been de-notarised by Apple.

India’s data protection law has potential to propel digital economy: Facebook

Oct 24, 2020 | Eco/Invest/Demography, Indian News, Risk Management, Technology

The parliamentary panel on Friday quizzed social media giant Facebook about the quantum of their revenue, profit and tax payouts in India and asked what portion of their earnings were being used for data security in the country, sources said.

China’s Ant Group gets nod for the world’s largest IPO of $35 billion

Oct 23, 2020 | Eco/Invest/Demography, International News, Technology

Ant, the fintech company backed by Chinese e-commerce group Alibaba Group Holding, plans to list simultaneously in Hong Kong and Shanghai in the coming weeks, sources have said.

No foolproof anonymity: Justice Srikrishna on data protection

Oct 23, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Risk Management, Technology

“What is thought to be anonymous can be de-anonymised tomorrow. Therefore, there is no foolproof anonymity. All that law can say is take it as anonymous, if you do de-anonymity, identify the person, then you will be answerable to the law,” Justice Srikrishna said at a FICCI event.

The draft of the personal data protection bill, approved by the Cabinet in December 2019, proposes a penalty of up to Rs 15 crore and up to three-year jail term for company executives for violating privacy norms.