Sebi Chairman Tuhin Kanta Pandey announced intensified surveillance and technology-driven enforcement to combat pre-investment scams targeting retail investors, who are increasingly being lured by fake trading apps and promises of high returns.
Apple does not plan to comply with the mandate to preload mobile handsets with the 'Sanchar Saathi' app and will convey its concerns before the Indian government, Reuters reported on Tuesday, citing three unnamed sources.
Traditionally, financial institutions have operated risk functions in silos. However, the nature of unknown threats today requires industry participants to work together, says Vikram Limaye.
The central bank asked lenders to specify potential risks as low, moderate, high and very high
In what can be seen as a rare occasion, the Situation Room -- which is mainly used to discuss national security issues -- was opened to corporate CEOs, indicating the importance given to the issue by Obama.
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.
'Look at what kind of sites the child is visiting, what kind of games they are playing and then tell them about the pitfalls.' 'After the child sleeps, parents can check the history of sites visited and block sites that could be dangerous or inappropriate.'
Experts believe that the government needs more innovative ways to secure the cyber space in the country and a cess is more like a punishment which would not help in the long run.
The study surveyed 545 IT and IT security practitioners in India with an average of 8 years experience in the field, he added.
Karnataka Chief Minister announces a ban on social media for children under 16 and increased measures to prevent drug abuse in schools, colleges, and universities, alongside investments in education infrastructure and mental health support.
The Telangana Cyber Security Bureau (TGCSB) foiled a digital arrest extortion attempt, rescuing an 80-year-old doctor and his family from cyber fraudsters posing as CBI officials.
With the Department of Telecom asking mobile phone makers to pre-install Sanchar Saathi application in new handsets, Congress leader Priyanka Gandhi Vadra on Tuesday described it as a 'snooping app' and alleged that the government is turning the country into a dictatorship.
"Cyber security and REEs greatly affect both the national and economic security of the United States, and I continue to be concerned about China's policies regarding these two strategic interests," New York Senator Kirsten Gillibrand said in a letter to Obama.
The US and India are looking to collaborate on cyber security, 'open government' and low-cost technology, a senior US government official said on Friday.
Nasscom set up a task force last year, to position India as a global hub for providing cybersecurity solutions
The attackers are not confined to information infrastructures and geographical boundaries. They exploit network interconnections and navigate easily through the infrastructure. More worryingly, these cyber criminals are becoming more skilled at masking their behaviour.
Maharashtra Deputy Chief Minister Eknath Shinde's 'X' handle was hacked, with images of Pakistan and Turkey flags posted. The account was recovered in 45 minutes. Congress leader Nana Patole raised concerns about cyber security.
Though chief executive officers from Google, Yahoo and Facebook have declined to attend the summit, the Apple CEO Tim Cook will address the meeting during which he will announce his intent to fold the government's cyber security recommendations into its own cyber strategy.
Rajan said the RBI is working on upgrading the capabilities of its inspectors to undertake bank system audits as well as to detect vulnerabilities in them
As the RBI moves ahead for the launch of the central bank digital currency (CBDC), Governor Shaktikanta Das on Wednesday marked out cyber security and digital frauds as the main challenges in the new system. Deputy Governor T Rabi Sankar said there are two types of CBDCs - wholesale and retail - and a lot of work has happened in the former while the latter was termed as a "complicated" aspect which will take time. The RBI had earlier this year announced that it has started work on the CBDC, in line with other major central banks of the world which are looking at a fiat digital currency.
India and Israel on Tuesday signed a defence pact that will facilitate sharing of advanced technologies and promote co-development and co-production of key weapon systems and military hardware, in a major move to further bolster their already robust strategic ties.
The Mumbai Police has assured the Bombay High Court that it will act promptly on cyber fraud complaints and sensitize all police officials to ensure prompt action and FIR registration when such complaints are filed. The assurance came after a city-based woman filed a petition alleging that the local police failed to act swiftly on her cyber fraud complaint, resulting in a loss of Rs 45 lakh. The court has directed the Additional Director General of Police (Maharashtra Cyber) to appear before it on April 22 to inform the bench on the formation of the Maharashtra Cyber Security Corporation.
Both sides remained tigh-lipped about the meeting between Sibal and White House cybersecurity coordinator Howard Schmidt, Christopher Painter as Coordinator for Cyber Issues and Bruce Mcconnell Senior Coordinator for Department Under Secretary Homeland.
The caller told the victim that a bank account linked to his mobile number had allegedly received Rs 7 crore through money laundering activities and warned that he would be arrested in the case.
Even while these threats to computers become more numerous (currently numbering around 3 million) and unique (each affecting around 50 computers), smartphones (ie, those based on an operating systems) have emerged as a vulnerable medium because of unregulated third party apps.
Cyber fraudsters have duped Delhi residents of nearly Rs 1,000 crore so far this year, with investment scams, digital arrests and boss scams emerging as the most common cybercrimes.
India ranked second among nations that were most targeted for cyber crime through the social media in 2014, after America
Started as a pilot project for Delhi, the new system will automatically convert into FIRs cyber financial crimes filed on the National Cybercrime Reporting Portal (NCRP) and helpline number 1930, initially above the threshold limit of Rs 10 lakh, he said.
Chinese characters were seen on the website, indicating that Chinese hackers may be involved in it.
At an estimated 1.9 billion in losses and over 5,000 UK organisations affected, the Jaguar Land Rover cyberattack has been labelled the most economically damaging cyber incident in UK history, exposing the deep vulnerability of interconnected supply chains.
Congress MP Renuka Chowdhury has filed an adjournment motion in the Rajya Sabha to discuss the government's directive on pre-installation of the Sanchar Saathi App in new mobile handsets, citing privacy concerns.
The Indian government informed Parliament that India and the US are engaged in negotiations for a mutually beneficial multi-sectoral bilateral trade agreement. The two countries also cooperate on strategic, economic, and defense matters, managing divergences through high-level dialogues.
Based in California and having a strong presence in Bangalore, Narus is a leading provider of real-time network traffic and analytics software used to protect against cyber attacks and persistent threats aimed at large Internet Protocol networks.
On Tuesday, the AIIMS also issued a statement that the e-hospital data has been restored.
According to the direction dated November 28, all mobile phones that will be manufactured in India or imported after 90 days from the date of issuing of the order will need to have the app.
'Just like oral hygiene, cyber hygiene must become a daily habit,' says Beena Vaheed, executive director, Bank of Baroda. 'It is not enough to rely only on banks, companies, or the government. Each of us must play our part.'
The Taiwanese government is investigating whether Xiaomi Inc, China's leading smartphone company by domestic shipments, is a cyber security threat and will make a decision within three months.
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In cyber security, India's main concerns are Pakistani and Chinese espionage. Which is exactly why the US needs to build up partnership with India.
The India centre, which is the seventh such facility for the company globally, will function as a satellite to Microsoft's Redmond-based Digital Crimes Unit.
Officials said the digital ban was intended to disrupt ideological channels that facilitate cross-border radicalisation, particularly in areas where socio-economic vulnerabilities are exploited by extremist networks.
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