'We not only have to secure our national interests but also prepare for new national security challenges like cyber warfare and terrorism.'
Extensive use of such cards is making it easier for hackers to withdraw large amounts of money before detection.
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
The directions follow a report by the Indian Cyber Crime Coordination Centre, which has seen a new pattern of transnational cyber-enabled financial fraud and investment scam, impersonating as stockbrokers and company executives.
Numerous members of Hezbollah in Beirut and various areas of Lebanon were injured when their communication devices exploded, according to the Arab media reports. ANI posted on X quoting AP that Iran's ambassador in Lebanon was among those injured in the blasts.
Britain's wealthiest family, the Hindujas, have said they were 'appalled' by a Swiss court's ruling of jail terms for some members and have filed an appeal in a higher court challenging the verdict finding them guilty of exploiting vulnerable domestic workers from India at their villa in Geneva.
'There is a need for an innovation sandbox where the PSBs can collaborate and then they can do their own innovation on top of it.'
He said the aim has been to create firewalls to deal with the cyber attacks and that the issue is being addressed in a "serious way".
Reflecting concern about Internet security, the United States has said it won't tolerate government-sponsored cyber theft of trade secrets even as it brought cyber-espionage charges against China's five military officers for allegedly stealing classified corporate information.
Rapidly changing geo-political scenarios such as the ongoing Russia-Ukraine war have made a significant impact on cybersecurity. Despite their best efforts, cybersecurity teams of enterprises may not be able to plug all vulnerabilities, according to a report by Indusface, a software-as-a-service security firm.
The government plans to remove the definition of broadcasting services altogether from the bill to help reduce confusion among stakeholders.
Nearly 80 domestic and international flights received bomb threats in less than 24 hours that later turned out to be hoaxes, keeping thousands of passengers and security agencies on tenterhooks.
Given a threat issued by Khalistani separatists, about 3,500 police personnel will be deployed at Narendra Modi stadium in Motera area and other parts of Ahmedabad during the opening match of the ICC Cricket World Cup on October 5.
iPhone maker Apple has warned its users about ongoing Pegasus-like sophisticated spyware attacks that target a very small number of individuals often journalists, activists, politicians and diplomats.
For people who have had their personal identification stolen, it could also help prevent cyber criminals from using that information to make purchases in their name.
Recognising evolving global terror threats, India and Israel have resolved to deepen cooperation in fighting the menace and collaborate in the field of cyber security.
The attempted attack on the ICMR website was prevented by the firewall/security measures of NIC, they said, adding further steps are being taken to enhance cyber security.
The State Bank of India told the Supreme Court on Thursday it has provided all details of the electoral bonds in its possession to the Election Commission.
'What we are actually missing in India is a platform wherein the government engages with cybersecurity experts, gets them employed and then utilises their capability to deter such attacks.'
The leak occurs at a particularly delicate time in US-Israel relations and is likely to infuriate Israel, which has been preparing to retaliate against Iran following a missile barrage on October 1.
Fintech companies believe that the impact of Reserve Bank of India's order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured portfolio. Fintechs which source funds through banks or non-banking finance companies (NBFCs) are looking at quickly building their secured portfolio options to at least 40 per cent of their total portfolio. "Over the medium to long term, as part of our product strategy, we are evaluating secured products which can be enabled over a digital platform" said Yogi Sadana, the founder of Zype, a lending-focussed fintech.
Sisi will be the first Egyptian President and the fifth leader from the Middle-East to grace the Republic Day celebrations as the chief guest. He is scheduled to arrive in India on January 24.
The number of frauds in the banking sector during the first half of the current financial year has increased substantially to 14,483 cases, although the amount involved is only 14.9 per cent of the previous year's amount, according to a RBI report. The report on Trend and Progress of Banking in India 2022-23, underlined the need to protect the banking system and the payments system from the risks of fraud and data breaches emanating from cyber threats. As many as 14,483 frauds were reported involving an amount of Rs 2,642 crore in the first half of current financial year, as compared to 5,396 cases (Rs 17,685 crore) in the same period a year ago.
The Congress maintained that the state government had not ordered any such inquiry and it could be an internal matter of the CID. A top CID official has also said that no formal inquiry was ordered into the incident.
Telecom operator Bharti Airtel's CEO has warned customers about rising cases of cyber-frauds, citing a recent instance of a fraudster who posed as company executive and under the guise of updating KYC form, tricked a user into revealing bank details to transfer large amount from the bank account. In an email outreach to subscribers, Gopal Vittal, CEO of Airtel urged users to be vigilant against such cases of cyber fraud that are becoming "alarmingly frequent". Vittal spoke of a recent case where a cyber-fraudster posing as company executive called up an Airtel customer on the pretext of updating his Know Your Customer (KYC) form, tricked him into revealing his bank details and transferred a large sum of money from his bank account.
Sectoral cyber security teams to be set up to curb attacks, cyber coordination centre likely be set up in New Delhi by June.
Citing national security, the Centre had refused to file a detailed affidavit in the matter.
Bomb disposal squad teams cordoned off the hospitals to check the hospital premises but found nothing suspicious.
The Kerala police chief said the state police would also consider collaborating with the Union government in the research sector to address the security threats posed by drones.
"Most worrisome are China's technological advances in the spheres of cyber and space domain, which often transcend beyond the military, to include critical national infrastructure as well," General Bipin Rawat said at the three-day Indian Air Force Conclave.
Annual premiums do not exceed what you readily shell out for an OTT subscription.
Internet users in India is attracting cyber criminals, as these are first-timers, who can be duped easily
The malicious extensions had the ability to take screenshots, read the clipboard, harvest authentication cookies or grab user keystrokes to read passwords and other confidential information
Domains spoofing the legitimate Olympics Web site, while fake mobile apps masquerading as transport, booking, or other planning apps are also certain to be leveraged by fraudsters during the event, cybersecurity firms say, which puts Indian users also at risk.
State-owned Life Insurance Corporation (LIC) is not keen on a composite license but it is looking to buy less than 50 per cent stake in a standalone health insurance company to enter the health insurance segment such that they have a say in the management of the company, without having to run the company, sources in the know said. "LIC doesn't need a composite licence. "Even if it is introduced, they will not opt for it.
Iranian hackers shared unsolicited information they had stolen from former United States President Donald Trump's presidential campaign with people who were associated with President Joe Biden's campaign over the summer, CNN reported, citing federal law enforcement officials.
Three experts on cyber security, digital forensics, networks and hardware were roped in by the Supreme Court on Wednesday to "enquire, investigate and determine" whether Pegasus spyware was used for snooping on citizens and their probe would be monitored by former apex court judge R V Raveendran.
In a bid to check fraud, the Reserve Bank on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs.
Airtel CEO Gopal Vittal on Thursday warned about a rise in cyber frauds amid a massive surge in online transactions during the second wave of the pandemic, and asserted the company is working "relentlessly" and coming out with safety features to ensure customers are not vulnerable to fraudsters. In an e-mail outreach to customers, Vittal highlighted the modus operandi being adopted by fraudsters and also drew attention to cyber frauds related to digital payments. "With the growing second wave of the pandemic and lockdowns in various parts of the country, there has been a massive increase in online transactions. "Unfortunately, there has also been a corresponding increase in cyber fraud," Vittal said.
'While on the one hand, terrorism continues to be a serious threat to global peace and security, on the other hand, areas such as cyber, maritime and space, are emerging as new theatres of conflict'
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