The increasing involvement of Big Tech in the financial system could give rise to concentration risk and there are potential spillovers, which call for closer attention, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. "...enormous amounts of consumer data is being generated and leveraged upon by a few entities (the so-called Big Tech) by virtue of their huge customer base. "Such developments raise concerns on concentration risk and potential spillovers as their level of engagement with the financial system strengthens in the years to come," Das said at the Global Fintech Fest 2022.
The crime branch of Delhi police has arrested an Indian Air Force sergeant for allegedly leaking sensitive information about defence installations to a foreign agent.
Ananya's father Chunky Panday accompanied her to the NCB office located at Ballard Estate in south Mumbai, where they reached around 4 pm.
Given the costs, you would need to be a high-value target for a government agency to spend this sort of money, points out Devangshu Datta.
The ED probe into alleged money laundering by crypto exchange WazirX and the subsequent squabbling among its promoters has revealed the 'darker side' of cryptocurrencies, a top government source said on Thursday. The source added that people should exercise caution in absence of a regulation to govern cryptocurrencies and so-called exchanges trading in them. "Caution is the word that should be in the minds of the people dealing with crypto. "In the episode of WazirX, people got to know many darker sides, caution is necessary in crypto transaction," the source said.
The SC, in October last year, had ordered a probe into the alleged use of the spyware.
The Supreme Court-appointed committees, entrusted with the probe of unauthorised use of Pegasus, have given a slew of recommendations including amending laws to protect citizens' right to privacy and ensure the nation's cyber security.
He said the Tamil Nadu BJP has written to Union Home Minister Amit Shah seeking a transfer of the case to the National Investigation Agency.
Earlier last month, for the first time ever, an anonymous hacker was served with a restraining order as a non-fungible token (NFT), reports Shivani Shinde.
Olympian shooter Manu Bhaker, sprinter Dutee Chand and swimmer Srihari Nataraj are some of the big names to feature in the Khelo India University Games to be held in Bengaluru from April 24 to May 3.
The chemist, Umesh Prahladrao Kolhe (54), was killed on June 21, and Maharashtra police have arrested five persons in connection with the incident.
She was suffering from some disease related to prostate. It was not him. The seating system was such that no one could go to her seat, Mishra's lawyer said.
Businessman Raj Kundra on Tuesday walked out of a Mumbai jail, a day after a magistrate court granted bail to the key accused in a pornographic films case in which he was arrested two months ago.
Foiling a major terror plot, four suspected Pakistan-linked terrorists on their way to Telangana to deliver explosives were nabbed in Haryana's Karnal on Thursday and arms, ammunition and IEDs were recovered from their vehicle, senior police officials said.
In many states, aggregators operate without a licence; in others, with the risk of the licence being revoked by any regional transport office on the slightest pretext.
The Supreme Court-appointed panels probing the unauthorised use of Pegasus found some kind of malware in five mobile phones out of the 29 examined but it could not be concluded that it was due to the Israeli spyware.
The official said the NCB might also summon actors Rakul Preet Singh and Sara Ali Khan, and designer Simone Khambatta this week.
'If the authorities go about completing this project the way they have proposed, this is going to cause a HUGE environmental impact not only on Malabar Hill but also on the rest of the city.'
Five people in the know narrate the sordid story that is fast exploding into a pornography scandal, allegedly involving businessman Raj Kundra.
Companies, industry associations, law firms and individuals have pointed out the lack of clarity on how the changes are worded and said it would violate user privacy.
'There is no doubt at all that Jio's disruption of the mobile broadband market was a turning point for India's digital economy.'
A pan-India 'fraud-to-phone' network has been busted by security agencies, which have also arrested eight people and seized nearly 300 new mobile phones bought with stolen funds, officials said on Tuesday. Moreover, 900 mobile phones, 1,000 bank accounts and hundreds of unified payment interface (UPI) and e-commerce IDs of this gang have been identified and are under investigation. Nearly 100 bank accounts, and debit and credit cards have been frozen by the security agencies so far, officials said.
Pinky Irani alias Angel, 53, was arrested in this case by the agency in December last year. She was recently granted bail by a Delhi court.
Mumbai police has received text messages warning of a '26/11-like' attack on the city from a phone number with Pakistan's country code and a person has been detained in this connection, officials said on Saturday.
Aryan Khan was arrested on October 3. He is currently in judicial custody and lodged at the Arthur Road prison in Mumbai.
The police in the HC argued that Kundra was not cooperating with the probe in the case, filed in February this year by the Mumbai crime branch, and had destroyed evidence, a claim refuted by his lawyer.
Electronic gadgets were seized during the search at the house of the 47-year-old actor in suburban Bandra, said the central agency official. Summons was also issued to Rampal, asking him to appear before the drug law enforcement agency on November 11, he said.
The NCB has so far arrested 16 people, including Bollywood superstar Shah Rukh Khan's son Aryan Khan, 23, in the drug seizure case.
The two central premier investigative agencies - Central Bureau of Investigation and Enforcement Directorate - have asked their officials to focus more on digital evidence, e-forums and social media to crack down on offenders. These are a crucial part of prosecution amid the second wave of the pandemic. The Income Tax Department is going full throttle on data analytics to issue notices in time-bound cases. Further, sleuths have been given electronic devices including laptops with secure connections, which keep data encrypted and inaccessible.
They said various sections of the Narcotic Drugs and Psychotropic Substances Act (NDPS) have been pressed in the complaint filed by the federal anti-drugs agency on an official reference received from the Enforcement Directorate (ED).
The Narcotic Control Bureau, which had told the court on Wednesday that Khan was involved in the conspiracy, illicit drug trafficking as well as its procurement and consumption, today claimed that 'evidence reveal Khan frequently took contraband substances'.
The police investigating into the Mangaluru blast case on Monday picked up a person from Bengaluru who was allegedly in touch with the blast accused Shariq while another was detained in Nilgiris in neighbouring Tamil Nadu and brought to Karnataka.
On his maiden visit to Beijing, Pakistan Prime Minister Shehbaz Sharif held talks with Chinese President Xi Jinping during which the two leaders agreed to strengthen the all-weather friendship and the USD 60 billion China-Pakistan Economic Corridor (CPEC).
The case relates to an international espionage racket in which Pakistan-based spies recruited agents in India for collecting sensitive and classified information regarding locations/movements of Indian naval ships and submarines, and other defence establishments.
The air quality index of neighbouring areas of Faridabad, Ghaziabad, Gurgaon and Noida was recorded at 312, 368, 301 and 357, respectively.
'Just because a subject is uncomfortable for some and doesn't suit their political ideology, should a film not be made?'
The software facilitates spoofing of caller id and is difficult to identify to locate or identify actual caller.
The NCB searched Singh's house and office in the morning as part of its probe into alleged drug use in the Hindi film industry.
Bollywood actor Nora Fatehi was on Thursday questioned for nearly five hours by Delhi Police's Economic Offences Wing for investigation in connection with an extortion case linked to alleged conman Sukesh Chandrashekhar, officials said.
The "stringent" step has been taken by the navy soon after seven naval personnel were caught leaking sensitive information to enemy intelligence agencies over social media, officials said.
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