Economic activity has regained momentum from late-May after the dent caused by the second wave of COVID-19, and the pandemic's impact on the overall asset quality has been less than expected, Reserve Bank Governor Shaktikanta Das said on Thursday. However, Das flagged rising data breaches and cyber-attacks as among the risks for the recovering economy, along with others like firming global commodity prices. The governor also said the second wave had a "grievous toll" on the country.
Even as India's internet base continues to widen, with the country set to have over 900 internet users by 2025, a parallel rise in cyber threats has become a matter of huge concern. Experts say that the sudden surge in digital adoption left little time to develop a cybersecurity backbone for the country. This has put large amounts of data at risk.
Govt, telecom, defence sectors most attacked by cybercriminals
A new breed of hackers has emerged, whose main aim is not necessarily financial gain but causing disruption
The country's cyber security agency CERT-In has advised Facebook users to strengthen their account privacy settings after a recent global 'data scraping' incident in the social media platform affected about 61 lakh Indians.
The government websites host information for public dissemination.
'They (the ransomware attackers) are not after any VVIP data.' 'Had that been the case, they would have quietly installed a different malware.'
Operating systems are increasingly subject to cyberattacks, as many are built around legacy technologies with weaker protocols
The Indian Air Force has asked its personnel and their families not to use Chinese 'Xiaomi Redmi 1s' phones, as it believes these phones could be transferring data to their servers in China and hence be a security risk.
Kumar was on Friday sent to 14-day judicial custody.
With the use of e-wallets gaining momentum after the note ban, e-wallet service providers have doubled down on developing new security features in their apps. Sharath Chowdary reports.
The notice came after reports that political parties had used the data analytics firm during elections.
India needs to follow countries such as Singapore who have and are further bolstering their cyber security apparatus.
Sectoral cyber security teams to be set up to curb attacks, cyber coordination centre likely be set up in New Delhi by June.
The government also wants to ensure that content meant for radicalising youths, from outfits like Islamic State, doesn't find circulation in India.
With a rise in the number of cyber crimes and hacking, and many putting a question mark on safety of Aadhaar data, the FM might bring proposals in this regard and allocate funds separately.
Benefits of demonetisation come at a heavy price for Fintech firms. They will spend a massive amount on securing and reinforcing their cyber security apparatus this financial year. Karan Choudhury reports.
India's snooping programme is officially underway and multiple agencies will use internet surveillance system Netra and National Cyber Coordination Centre to keep a tab on suspicious activities on the internet, says Vicky Nanjappa.
13 persons were picked up by the Special Cell after a late night operation on Tuesday. Of them, three -- Sajid, Sameer Ahmed, and Shakir Ansari -- have been arrested, four let off and six are still being questioned by the investigators.
Govt steps up security to check criminals seeking bank details of taxpayers
India and Singapore on Tuesday elevated their ties to the 'strategic partnership' level and signed bilateral agreements for enhanced defence cooperation and in areas like cyber security, shipping and civil aviation.
The ministry of electronics and IT has started probe into hacking of Congress vice president Rahul Gandhi's official Twitter account.
'We are in touch independently with leading players, and they are denying it as well.' 'The Indian digital footprint is rising, creating new opportunities.'
Internet users in India is attracting cyber criminals, as these are first-timers, who can be duped easily
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