Page 2 - Data Security

Cybersecurity experts express concern about data security in India

Digital transformation and development of advanced technologies are progressing at full pace in India but cyber experts have expressed concern about the security of the sheer size of data that the country will have to manage, given its neighbouring adversaries as well as the growing sophistication of scammers. Indian technologists and business executives will have to collaborate, cooperate and create a comprehensive ecosystem to tackle tech-driven threats, the experts said on the sidelines of Singapore Cyber Week - 2023 held from October 17-19. In the last six months, the three most impacted industries in terms of weekly attacks per organisation were Healthcare, Education/Research and Utilities. The retail, hospitality, manufacturing and transportation sectors will also have to move fast on cybersecurity, the experts said. On average, each organisation in India was attacked 2,157 times per week in the last six months, compared to 1,139 attacks per organization globally, according to

TCS expands partnership with Africa's Standard Bank Group for security ops

Tata Consultancy Services (TCS) on Monday said it has expanded partnership with Africa's Standard Bank Group for security settlement operations. The Indian IT major will use their TCS BaNCS Global Securities Processing Platform for centralising and standardising operations in over 15 markets of Standard Bank Group (SBG), the company said in a statement. TCS BaNCS Global Securities Processing Platform is a SWIFT-certified single consolidated solution to help both buy-side and sell-side firms implement robust, error-proof trade processing, clearing and settlement, custody, portfolio accounting, and corporate actions administration, as per the company. The platform has been deployed in seven markets while the rest will be covered by March 2024, the statement said. "With this rollout, SBG will be able to offer a consistent experience and service level across markets and enable enhanced data strategies," TCS Global Head for Financial Solutions Venkateshwaran Srinivasan said. We selecte

Govt seeks public feedback on draft guidelines for dark patterns

Dark patterns are practices or patterns on UI/UX interactions on any platform designed to mislead or trick users

Industry likely to get six months to align with data protection rules

Chandrasekhar says rules for DPDP Act ready, consultations to begin after G20

Data Protection Board: Chance to bring regulatory agility or a miss hit?

Data Protection Board of India could play an essential role in bringing about regulatory agility and striking the right balance between regulation and innovation in a data-dependent digital economy

TMSEp455: Subhash Chandra, data security Q&A, AMC stocks, spatial computing

Is this the end of the road for Subhash Chandra? What can the alleged CoWin data leak teach India? How will the new TER structure impact AMC stocks? What is spatial computing? Answers here

Digital risks

India needs appropriate laws to protect data

Govt unable to protect citizen's detail: Cong slams Centre over data breach

The Congress on Tuesday intensified its attack on the Centre over the alleged data breach on CoWIN platform and accused it of not being able to protect the personal details of crores of people. Asserting that the CoWIN portal was completely safe with adequate safeguards for data privacy, the government has dismissed as "mischievous" the claims of data breach on the platform and said the matter has been reviewed by the country's nodal cyber security agency CERT-In. Congress president Mallikarjun Kharge said neither does the Narendra Modi government care about the right to privacy of citizens nor about national security. "Overall, the situation is clear. The Modi government neither cares about the fundamental right to privacy of 140 crore people nor about national security. Data privacy law has not been made and no national security policy has been implemented on cyber attacks," he said in a tweet in Hindi. "No matter how much an irresponsible Modi government covers up the CoWIN data

Appropriate regulations on data safety, security needed: Rahul Gandhi

Describing data as the "new gold", Congress leader Rahul Gandhi has said that there is a need to have appropriate regulations on data safety and security. Gandhi made the remarks on Wednesday during his interaction with Silicon Valley-based startup entrepreneurs, known for doing path-breaking work in the field of Artificial Intelligence and cutting-edge technologies. Participating in a fireside chat with Plug and Play Tech Centre CEO Saeed Amidi and Shaun Shankaran, founder of FixNix Startup, Gandhi tried to link all the technologies with the impact this would have on the common man in the remote villages of India. "If you want to spread any technology in India, you have to have a system where power is relatively decentralized," he said in response to a question and then went on to share with the select group of invited entrepreneurs about his personal experience of drone technology and its regulation, which, according to him, "faced massive bureaucratic hurdles". Data, Gandhi said

TikTok files suit to stop 'unconstitutional' ban in US State of Montana

Social media company TikTok Inc filed a lawsuit Monday seeking to overturn Montana's first-in-the-nation ban on the video sharing app, arguing the law is an unconstitutional violation of free speech rights and is based on unfounded speculation that the Chinese government could access users' data. The lawsuit by TikTok, owned by Chinese tech company ByteDance, follows one filed last week by five content creators. They made similar arguments including that the state of Montana has no authority to take action on matters of national security. Both lawsuits were filed in federal court in Missoula. Republican Gov Greg Gianforte signed the bill Wednesday and the content creators' lawsuit was filed hours later. The law is scheduled to take effect on Jan. 1, but cybersecurity experts say it could be difficult to enforce. TikTok says it has not shared and would not share US user data with the Chinese government and has taken measures to protect the privacy and security of its users, including

Govt to set up high-level panel for implementing National Credit Framework

The National Credit Framework, which was notified by the Centre in April, divides education and vocational training into eight levels

IBM confirms acquisition of Polar Security reportedly for $60 million

Software giant IBM has acquired automated cloud data security and compliance provider Polar Security for an undisclosed sum. Reports claimed that the deal was valued at about $60 million

Govt will send notice to WhatsApp over breach: Rajeev Chandrasekhar

'Platforms are responsible for ensuring the safety and trust of those who use them'

Ex-Uber security chief Sullivan sentenced for data-breach cover-up

The former chief security officer for Uber was sentenced to probation Thursday for trying to cover up a 2016 data breach in which hackers accessed tens of millions of customer records from the ride-hailing service. Joseph Sullivan was sentenced to a three-year term of probation and ordered to pay a fine of $50,000, the U.S. attorney's office announced. Sullivan, 54, of Palo Alto was convicted by a federal jury in San Francisco last October of obstructing justice and concealing knowledge that a federal felony had been committed. It was believed to be the first criminal prosecution of a company executive over a data breach. Sullivan was hired as Uber's chief security officer in 2015. In November 2016, Sullivan was emailed by hackers, and employees quickly confirmed that they had stolen records on about 57 million users and also 600,000 driver's license numbers, prosecutors said. After learning of the breach, Sullivan began a scheme to hide it from the public and the Federal Trade ..

ChatGPT back in Italy after meeting watchdog demands, says OpenAI

ChatGPT's maker said on Friday that the artificial intelligence chatbot is available again in Italy after the company met the demands of regulators who temporarily blocked it over privacy concerns. OpenAI said it fulfilled a raft of conditions that the Italian data protection authority wanted satisfied by an April 30 deadline to have the ban on the AI software lifted. ChatGPT is available again to our users in Italy, San Francisco-based OpenAI said by email. We are excited to welcome them back, and we remain dedicated to protecting their privacy. Generative AI systems like ChatGPT, which use vast pools of online data like digital books, blog posts and other media to generate text, images and other content mimicking human work, have created buzz in the tech world and beyond. But their rapid development has stirred fears among officials and even tech leaders about possible ethical and societal risks, with European Union negotiators scrambling to update draft artificial intelligence

UK fined TikTok nearly $16 mn for misusing children's personal data

"TikTok should have known better. TikTok should have done better," UK Information Commissioner said

US inches closer to ban TikTok nationwide over data security concerns

The Technological Adversaries Act, or DATA Act, directs Biden to sanction or ban TikTok nationwide if his administration finds that the Chinese firm shared American users' data with the Chinese govt

Data risk: Drop Big 4 auditors, Chinese authorities urges state-run firms

While offshore subsidiaries can use the global auditors, their parent firms were urged to hire local Chinese or Hong Kong accountants when contracts come up for renewal

Digital lenders increasing spending on data security tech: Report

Threat to data privacy and cybercrimes are among risks for digital lending: Survey

Apple expands Advanced Data Protection option globally with iOS 16.3 update

Apple has announced that it is expanding its Advanced Data Protection option for users globally