Business Standard

Digital Security

Finmin asks banks to focus on cybersecurity to ensure customer protection

Concerned over the growing instances of cyber frauds, the finance ministry on Tuesday asked public sector banks (PSBs) to align their digital and cybersecurity frameworks with industry best practices and ensure customer protection and operational continuity as top priorities. During a review meeting chaired by the Department of Financial Services (DFS) Secretary M Nagaraju, discussions were held on enhancing the robustness of PSBs, building on recent financial achievements, and addressing strategic challenges with key focus on financial performance indicators, assets and liabilities management, cyber resilience, and digital payments infrastructure. The secretary exhorted the public sector banks (PSBs) to accelerate the pace of lending to agriculture and MSMEs as well as deepen financial inclusion. PSBs were asked to continue strengthening their financial and operational frameworks, particularly in light of the evolving market dynamics and cyber security needs, the finance ministry .

Finmin asks banks to focus on cybersecurity to ensure customer protection
Updated On : 05 Nov 2024 | 10:42 PM IST

China's plan to introduce digital ID system stokes fears of govt overreach

Some legal experts and users in the world's largest internet market have openly doubted the efforts' stated goal of protecting privacy

China's plan to introduce digital ID system stokes fears of govt overreach
Updated On : 02 Aug 2024 | 8:33 AM IST

Top porn sites must verify ages to protect kids under EU's new digital law

Three of the world's biggest porn websites face new requirements in the European Union that include verifying the ages of users, the 27-nation bloc said Wednesday, expanding the reach of its digital law designed to keep people safe on the internet. Pornhub, XVideos and Stripchat have now been classed as very large online platforms subject to more stringent controls under the Digital Services Act because they have more than 45 million users each, according to the European Commission, the EU's executive branch. The three companies did not respond immediately to requests for comment. They are the first porn sites to be targeted by the sweeping Digital Services Act, which imposes tough obligations to keep users safe from illegal content and dodgy products. Violations are punishable by fines of up to 6% of global revenue or even a ban on operating in the EU. Some 19 online platforms and search engines have already been identified for stricter scrutiny under the DSA, including TikTok, ...

Top porn sites must verify ages to protect kids under EU's new digital law
Updated On : 20 Dec 2023 | 7:35 PM IST

Keeping tabs: Centre mulls cybersecurity test for public CCTV buys

Railways seeks Niti Aayog intervention, citing national security

Keeping tabs: Centre mulls cybersecurity test for public CCTV buys
Updated On : 27 Feb 2023 | 11:13 PM IST

Unregistered devices in hybrid work increase hacking risk in India: Report

As hybrid work empowers employees to work from anywhere and ensures business continuity for enterprises, the use of unregistered devices by employees has increased the risk around hybrid work in India

Unregistered devices in hybrid work increase hacking risk in India: Report
Updated On : 09 Jan 2023 | 4:12 PM IST

Digital Shakti Campaign to skill 1 mn women in 2 years on cybersecurity

Digital Shakti Campaign, a cybersecurity awareness programme for women, aims to spread awareness among 10 lakh netizens in two years, a senior official of organiser body CyberPeace Foundation said on Tuesday. While launching the 4th phase of the campaign, non-profit and digital think-tank body CyberPeace Foundation's founder and global president Major Vineet Kumar said that the programme aims to skill people around cybersecurity and online safety to help them fight the evils that exists in the cyber space like ransomware, stalking, bullying, sextortion etc. "We look forward to significantly bridging the cybersecurity knowledge gap in India among vulnerable populations and reaching 1 million netizens in the next two years," Kumar said. He said that technology platforms have become the first point of contact for criminals. "We are working with the government to address issues like trafficking. Today the first connection that criminals have is on the tech platforms. Criminals have ...

Digital Shakti Campaign to skill 1 mn women in 2 years on cybersecurity
Updated On : 15 Nov 2022 | 11:47 PM IST

Google Chrome most unsafe browser in 2022 with 303 vulnerabilities: Report

With 303 vulnerabilities and a cumulative total of 3,159 vulnerabilities as of 2022, a new report said that Google Chrome is the most vulnerable browser available

Google Chrome most unsafe browser in 2022 with 303 vulnerabilities: Report
Updated On : 06 Oct 2022 | 11:55 AM IST

Algo rhythm: Over 14 million cyber-attacks blocked daily, says report

The report is the outcome of an analysis of more than 1,200 websites and over 12 billion requests that the Indusface AppTrana network received in August-September 2022

Algo rhythm: Over 14 million cyber-attacks blocked daily, says report
Updated On : 02 Oct 2022 | 6:08 PM IST

Regulating Digital India

Discriminatory algorithms will be the most complex of challenges for regulators

Regulating Digital India
Updated On : 22 Sep 2022 | 5:29 PM IST

Draft on data anonymisation missing from website week after release

Documents were to be open for public comments till September 21, civil society groups protest 'removal'

Draft on data anonymisation missing from website week after release
Updated On : 06 Sep 2022 | 6:50 PM IST

Earnings impact: eMudhra hits record high, surges 26% in two trading days

Revenue from operations registered a strong growth primarily led by increase in Enterprise Solution business especially in international markets which grew by 140 per cent YoY.

Earnings impact: eMudhra hits record high, surges 26% in two trading days
Updated On : 26 Jul 2022 | 10:45 AM IST

What is Movius app?

Indian corporates are warning employees against using communication platforms, like WhatsApp. Some European banks have also asked their staff to install the Movius app for all official communications

What is Movius app?
Updated On : 20 Jul 2022 | 7:00 AM IST

Google to delete location data of users visiting an abortion clinic

In a blog post, Google said it would remove location history data about some "particularly personal" places from a Google account shortly after someone visits

Google to delete location data of users visiting an abortion clinic
Updated On : 02 Jul 2022 | 9:42 PM IST

WEF 2022: Davos discusses digital safety, security, and protection

India's use of drones to provide essential healthcare services to people living in remote and hard-to-reach areas was showcased at World Economic Forum (WEF) Annual Meeting at Davos

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Updated On : 24 May 2022 | 10:53 PM IST

India sees 70% spike in ransomware attacks on critical infrastructure

According to the report by cybersecurity company Trellix, over half of adversarial advanced persistent threat actor activity originated from Russian and Chinese backed groups

India sees 70% spike in ransomware attacks on critical infrastructure
Updated On : 27 Apr 2022 | 2:05 PM IST

When technology of espionage outstrips law's ability to protect citizens

Most surveillance firms operate out of the public eye, and given the sensitive nature of the technology they provide, it is extremely difficult to ascertain who their customers are

When technology of espionage outstrips law's ability to protect citizens
Updated On : 09 Aug 2021 | 6:01 AM IST
Updated On : 25 Dec 2020 | 6:10 AM IST

Govt bans 118 Chinese apps, including PUBG, over security concerns

The ministry said, it had received many complaints about the misuse of the mobile apps available on Android and iOS platforms for "stealing and surreptitiously" transmitting users' data

Govt bans 118 Chinese apps, including PUBG, over security concerns
Updated On : 03 Sep 2020 | 12:53 AM IST

Banned Chinese apps consider shifting servers to India to allay concerns

The Indian authorities feared that these apps were transferring consumer data to locations outside the country, especially China, in an unauthorised and surreptitious manner.

Banned Chinese apps consider shifting servers to India to allay concerns
Updated On : 02 Jul 2020 | 2:43 AM IST

Virus of cyber kind: Only behavioural change can ensure digital security

Between February and March, there was a 12 per cent increase in the number of devices in India that received at least one threat

Virus of cyber kind: Only behavioural change can ensure digital security
Updated On : 25 Apr 2020 | 11:38 PM IST