Mastercard and Visa are introducing passkeys that will allow users to authenticate card payments with face scans or fingerprints, eliminating the need for one-time passwords (OTPs).
'AI adoption is moving faster than our ability to measure it -- and that's a challenge for anyone trying to make smart decisions.'
'This is a technology that will particularly benefit those who want to take agency over it'.
While methods such as generative user awareness remain among the most efficient and low-cost mechanisms for preventing cybersecurity incidents, they are becoming less effective as attacks become more sophisticated.
This would imply a 29 per cent year-on-year rise, significantly lower than growth rates seen in recent years.
Investors and startup executives are calling for extending the period for an entity to be recognised as a startup from 10 to 15 years for deep-tech companies.
As India's biggest Unified Payments Interface (UPI) app PhonePe prepares to list, the updated draft red herring prospectus (DRHP) shows the impact of regulations on the business, and concentration of payments-linked revenue even as UPI lacks MDR (merchant discount rate).
Moving beyond digital payments, the National Payments Corporation of India (NPCI), the operator of Unified Payments Interface, is planning to add more muscle to the country's digital infrastructure by setting up a fourth subsidiary, NPCI Tech Solutions Ltd (NTSL).
'The focus will be on showing the real-world impact of AI in improving the lives of citizens and how it has helped in ensuring democratic access to technology for everyone.'
'If X fails to comply with these directions, appropriate action will be taken against the platform, including 'the loss of the exemption from liability under Section 79 of the IT Act, and consequential action as provided (for) under any law including the IT Act and the BNS.'
The US has replaced random H-1B selection with a wage-weighted lottery and a new $100,000 fee for applications, raising uncertainty for students and junior hires.
Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB).
'We've not seen a crypto exchange come back after about 45 per cent of the value on the platform was impacted.'
'There are very few issues and a political call needs to be taken about some of them.'
'Digital arrests are the cutting edge of the problem and the most challenging part of the ecosystem right now.'
'This will bring in a lot of net new users to UPI.'
Companies, particularly those that are notified as Significant Data Fiduciaries, will have to make extensive investments in data mapping, process modification, consent management tools, tools to enable Data Principal Rights, and establish a well-structured Data Privacy Officer organisation.
'We are in touch with industry to further compress the timelines.'
The new rules allow for a staggered implementation road map, giving companies, data fiduciaries, data principals, and other stakeholders up to 18 months to comply with the administrative guidelines under the DPDP Act.
Taming the animal called AI in its many avatars will clearly remain a work in progress.
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