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‘They hit you hard’: How DarkSide became powerhouse of ransomware attacks

Where once criminals had to play psychological games to trick people into handing over bank passwords and have the technical know-how to siphon money out of secure personal accounts, now virtually anyone can obtain ransomware off the shelf and load it into a compromised computer system using tricks picked up from YouTube tutorials or with the help of groups like DarkSide.

“Any doofus can be a cybercriminal now,” said Sergei A. Pavlovich, a former hacker who served 10 years in prison in his native Belarus for cybercrimes. “The intellectual barrier to entry has gotten extremely low.”

Team to check crop insurance irregularities: Maha minister

Addressing a press meet, minister of state for revenue Sattar said the Maharashtra and Central governments had paid Rs 5,800 crore as crop insurance premium last year, while these firms had dispersed just Rs 1,000 crore as claim to farmers.” ”The role of tehsildars and agriculture department officials must be checked in this matter. Those involved should be subjected to narco tests,” he asserted.

Paytm board grants in-principle approval for around Rs 22,000 crore IPO

It is likely to be one of the largest IPOs in India if the company is able to achieve the target as per its plan. Paytm shareholders include Alibaba’s Ant Group (29.71 per cent), Softbank Vision Fund (19.63 per cent), Saif Partners (18.56 per cent), Vijay Shekhar Sharma (14.67 per cent). AGH Holding, T Rowe Price and Discovery Capital, Berkshire Hathaway hold less than 10 per cent stake in the company.

Covid-19: Govt announces additional benefits under EPFO, ESIC schemes

“The Ministry of Labour and Employment has announced additional benefits for workers through ESIC and EPFO schemes to address the fear and anxiety of workers about wellbeing of their family members due to increase in incidences of death due to COVID-19 pandemic,” a ministry statement said.

Enhanced social security is sought to be provided to the workers without any additional cost to the employer, it added.

Group health insurance startup Plum raises $15.6mn Series A funding led by Tiger Global

The group health insurance market in India, which is almost 50% of the total $3.5bn health insurance market, has seen an annual growth of about 25% in the last few years and is doubling every three years. Group health insurance products cover about 90 mn Indians, but are expected to cover more than 500mn Indians by the end of this decade..With over 600 organisations on-boarded, Plum has been witnessing a growth rate of 110% quarter-on-quarter

Govt announces scheme to provide pension for dependents of COVID-19 victims

Besides family pensions, insurance benefits under the Employees” Deposit-Linked Insurance (EDLI) scheme have been enhanced and liberalised. Prime Minister Narendra Modi said these steps will help mitigate financial difficulties faced by these families.

To help these families live a life of dignity and maintain a good standard of living, the benefit of the Employee State Insurance Corporation (ESIC) pension scheme for employment-related death cases is being extended to even those who have died due to Covid, the PMO said in a statement.

Phoenix Mills, Canada Pension Plan Investment to form JV to develop retail centre

CPP Investments Managing Director, Real Estate – India, Hari Krishna said, ”With this investment, CPP Investments’ equity commitment to multiple ventures with The Phoenix Mills amounts to over Rs 26.2 billion. India is one of the most important markets for us in the Asia Pacific and a critical part of our long-term strategy”.

African Swine Fever continues to wreak havoc in Mizoram

The ASF outbreak has caused a loss of Rs 18.60 crore to the farmers of the state, said Dr Lalhmingthanga, the Joint Director (Livestock Health) at the Animal Husbandry and Veterinary Science Department.

The first pig death due to ASF was reported on March 21 at Lungsen village in south Mizoram’s Lunglei district, bordering Bangladesh, he said.

Since then the dreaded pig disease has spread to nine districts — Aizawl, Lunglei, Mamit, Serchhip, Lawngtlai, Khawzawl, Hnahthial, Siaha and Champhai.

Chubb makes leadership changes in Asia Pacific

Edward Ler, currently Country President for Chubb’s general insurance business in Korea, has been appointed to the position of Head of Southeast Asia.  Ler will be responsible for the general management and business results in the six countries of Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. He replaces Glen Browne, who was recently appointed as Division President – Consumer Lines, Asia Pacific