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Govt adopted pro-poor approach in GST implementation: FM Sitharaman
Nirmala Sitharaman,Finance Minister GST, which was rolled out on...
Permanent deletion of transactions can help make e-rupee anonymous: RBI Governor
“We have leveraged the existing merchant infrastructure on the UPI...
Group of German companies – including BASF, Siemens, Roche – hit by cyber attacks
Public broadcaster ARD said the hackers used a type of malware called Winnti, which allows attackers to remotely access a victim’s computer network. ARD said an analysis of the malware code showed which companies were targeted by a group likely working for the Chinese government.
Cost of Norsk Hydro Cyber attack higher than expected at nearly $75 million
The attack is now estimated to have cost 250-300 million crowns [$28.9 million-$34.6 million] in the second quarter, compared with an earlier estimate of 200-250 million crowns [$23.1 million-$28.9 million]. Including the first quarter impact, the total cost of the attack is set to be 550-650 million crowns [$63.5 million-$75.0 million].
Equifax’s $700 million data breach settlement includes $300 million for consumers
Under the settlement, the company will establish a $300 million restitution fund for harmed consumers that could climb to $425 million depending on its use. Consumers eligible for the fund must submit claims showing they were fraud victims or set up credit-monitoring services following the breach
Google to pay $11 million to settle age bias employment claims
The case was brought by a woman who claimed she was interviewed by Google four times over seven years and was never offered employment despite her “highly pertinent qualifications and programming experience” because of her age. Cheryl Fillekes accused the company of “a systematic pattern and practice of discriminating” against older people.
Is Fitbit next best wearable player after Apple in India?
“Fitbit continues to shift its focus from predominantly smartband/trackers to smartwatches and has now evolved as the next best player after Apple in terms of experience and scale. The launch of the Versa smartwatch was the turning point for its smartwatch segment growth,” Satyajit Sinha, Research Analyst, IoT and Mobility, Counterpoint Research, told IANS.
India down 3 Places in mobile, broadband speed: Report
“India is one of the geographically largest and most populated country in the world, meaning a well laid out network that is able to handle high volumes of usage is a key in supporting the internet needs of the Indian market. Despite these challenges in India, further advancements in both 4G and 5G network technology will continue to improve network efficiency,” he said.
Digital transaction volumes up 51% in 2018-19 to 3,133.5 crore, says Ravi Shankar Prasad
“While the volume of transactions on BHIM app has increased during the same period, its share as a percent of all transactions on BHIM UPI platform has come down due to overall growth in the digital payment transactions, emergence and growth of new payment service providers like Paytm, PhonePe, Google Tez, etc,” the minister said.
Financial world’s blockchain euphoria gives way to pragmatism as projects stall
The euphoria that surrounded the early days of Wall Street’s interest in blockchain is giving way to pragmatism, as companies realize that it will likely take years before it takes off in a substantial way.
Indo-UK partnership to focus on insurance,fintech, green finance and infrastructure investment
As the most recent budget announced by the new Indian Finance Minister shows, there’s a lot of opportunity for collaboration. Whether it is developments in the insurance sector, raising capital from external markets or infrastructure expertise – the City is well placed to help, he said.
Indian IT managers facing budget crunch for cybersecurity
“Staying on top of where threats are coming from takes dedicated expertise, but IT managers often have a hard time finding the right talent or don’t have a proper security system in place that allows them to respond quickly and efficiently to attacks,” Chester Wisniewski, principal research scientist, Sophos, said in a statement.