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Massive ransomware attack hits PTI, services resume

According to a company spokesperson, “The computer servers suffered a massive ransomware attack, disrupting operations and the delivery of news to hundreds of subscribers across India for several hours before they were restored after an all-night effort by engineers”.
According to sources, no ransom was paid and the engineers worked through the night to restore the services by Sunday morning.

The ransomware was identified as LockBit that encrypted data and applications, crippling the news delivery to subscribers.

LockBit functions as ransomware-as-a-service (RaaS).

Cyberattack on Dr Reddy’s Labs sharp reminder to strengthen digital infrastructure: Analysts

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.

LIC IPO may spill over to next fiscal as govt looks at valuation of insurer

Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages — appointment of advisors for ensuring compliance, legislative amendment, LIC’s internal software changes to come out with its ’embedded value’ and appointing an actuary for vetting LIC’s actuarial valuation.
Pandey said only after the four stages converge, then a decision would be taken on the quantum of government stake to be diluted in LIC.
“We are trying our best to do this fiscal. But this IPO is a big issue and I think it will take time,” Pandey said when asked if the offering would happen this fiscal.

Microsoft most imitated brand by hackers in Q3 2020: Report

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

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.

HDFC Life net profit rises 5.6% to Rs 326.09 cr in Q2 FY2020-21 standalone

“While we remain sensitive about the health impact and loss of lives due to the pandemic and continue to focus on employee, customer and partner safety norms, opening up of the economy has led to a pickup in activity levels on the ground.This has also resulted in a marginal uplift in household income and spends. Insurance as a category has emerged stronger as a vehicle to protect one’s family and realise their long term financial goals,”Vibha Padalkar,managing director and CEO said.

India economy on verge of slow recovery as worst is over, says PHDCCI

Demand creation will have a significant effect on the enhanced production sentiments of producers,increased investments and employment creation. Investments in the infrastructure will refuel the growth trajectory with increased demand for commodities such as steel, cement and power which in turn will rejuvenate private investments and create new employment opportunities in the country,said PHDCCI President Sanjay Aggarwal

DGCA allows airlines 13,000 flights in winter, 44% lower than last year

In comparison to last year’s winter schedule, when 23,307 weekly domestic services were approved by the DGCA, this year’s winter schedule has got just 55.7 per cent (12,983 flights) of those flights approved, according to the aviation regulator.

These 55.7 per cent flights will be operating from 95 Indian airports between October 25 and March 27, 2021, the DGCA said.