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Parliamentary panel seeks info from app companies on data breach check protocols

The Parliamentary panel asked companies about what data they collect from users and where they store it.

The committee has earlier expressed concerns over data breach by social media platforms and mobile application based companies.

The companies said that they localise data which in turn reduces response time and helps them offering better services. They said that data is stored in countries where they operate.

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Hackers stole source code from govt agencies, private firms: FBI

The FBI alert warned the owners of SonarQube, a web-based application that companies integrate into their software build chains to test source code and discover security flaws before rolling out code and applications into production environments.

The actors exploit known configuration vulnerabilities, allowing them to gain access to proprietary code, exfiltrate it and post the data publicly.

The FBI has identified multiple potential computer intrusions that correlate to leaks associated with SonarQube configuration vulnerabilities.

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Cyber agency alerts against ransomware attacks of ‘Egregor’ virus

It is anticipated that Egregor ransomware may infiltrate via spam email attachments or maliciously crafted link shared via email/instant messaging chats.”

“The modus operandi used is typically breaking into organisations, stealing sensitive data, and running the malware to encrypt their files and (it) threatens ‘Mass-Media’ release of corporate data if ransom not paid in due time,” the advisory stated.

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Lloyd’s 2nd blueprint targets cost reduction of £800m for brokers, underwriters and business partners

The comprehensive programme and priorities detailed in Blueprint Two will profoundly transform the way in which customers get covered, right though to recovering from loss; this will be achieved by the redesign of the entire insurance lifecycle process – from placement through to accounting, payment, endorsements, claims, renewals and reporting – offering a seamless digital service for all Lloyd’s customers and stakeholders globally.  

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WhatsApp gets approval to launch payments feature in India

“Now you can send money to your friends and family through WhatsApp as easily as sending a message. There’s no fee, and it’s supported by more than 140 banks. And because it’s WhatsApp, it’s secure and private too,” said Facebook CEO Mark Zuckerberg .

“WhatsApp can expand its Unified Payments Interface (UPI) user base in a graded manner starting with a maximum registered user base of 20 million,” the National Payments Corporation of India (NPCI) said in a statement.

Online transactions, lending and e-wallet services have been growing rapidly in India, led by a government push to make the country’s cash-loving merchants and consumers adopt digital payments.

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