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Crypto Currency Fraud | क्रिप्टो करेंसी फ्रॉड मामला, करोड़ों की संपत्ति खड़ी कर आरोपी दुबई फरार
Crypto Currency Fraud | क्रिप्टो करेंसी फ्रॉड मामला, करोड़ों की संपत्ति खड़ी कर आरोपी दुबई फरार
Crypto currency fraud case accused absconds from Dubai after stealing property worth crores.
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Crypto Currency Fraud | क्रिप्टो करेंसी फ्रॉड मामला, करोड़ों की संपत्ति खड़ी कर आरोपी दुबई फरारBy ANV News| 156 views
क्रिप्टोकरेंसी में कर रहे है निवेश तो जान ले ये जरुरी बातें | All About Crypto Currency | Crypto
क्रिप्टोकरेंसी में कर रहे है निवेश तो जान ले ये जरुरी बातें | All About Crypto Currency | Crypto
If you are investing in cryptocurrency then know these important things.
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क्रिप्टोकरेंसी में कर रहे है निवेश तो जान ले ये जरुरी बातें | All About Crypto Currency | CryptoBy ANV News| 121 views
The future cyber security landscape
We have witnessed how the cyber criminals delivered a wave of cyber-attacks that were not just highly coordinated, but far more advanced than ever before seen. As technology continues to evolve, new avenues of innovation open up, yet they also introduce complex challenges in terms of security.
Simple endpoint attacks became complex, multi-stage operations. Ransomware attacks hit small businesses and huge corporations alike. Crypto mining attacks gave cyber criminals an easy foothold into company networks. 2022 was a year of massive data leaks, expensive ransomware payouts, and a vast, new, complicated threat landscape. And it was a year that saw cyber criminals up their threat game in a big way.
Today's Headline in NewsHours
0:00 Intro
2:45 #MadrasHighCourt temporarily prevented Google from removing 14 apps from the Play Store
3:20 #Bitcoin falls below $26,000 as risk-averse investors abandon it
4:05 L&T rents a 4-acre plot of land to Amazon Data Services in Mumbai's Powai
4:58 #Apple holds a 25.38% market share in India's tablet market
5:36 X will disable account blocking
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The future cyber security landscapeBy VARINDIA| 83 views
Bitcoin Trading Volume
The price of #Bitcoin is incredibly volatile because it is such a young currency and market. Bitcoin prices can fluctuate significantly over a short period, and this can make it difficult to predict its value accurately. Factors such as news events, market sentiment, and regulatory changes can all impact the price of Bitcoin, leading to sudden and significant price swings.
Historically, April has been one of the strongest months for Bitcoin and other #cryptocurrencies, bringing the biggest average monthly returns. However, this year, that wasn't the case. Although Bitcoin topped over $30,400 on April 18, reaching the highest level since early June, its monthly gain was only 3%, way down from 21% in March and much less than gains usually seen in the fourth month of the year. The monthly trading volume of the most expensive crypto also significantly dropped.
Today's Headline in NewsHours
0:00 Intro
2:42 #Meta blocks 1,000+ links tied to ChatGPT-themed malware
3:12 #Google to replace iconic 'lock' icon in Chrome
3:40 Andhra CM lays foundation stone for ₹21,844 cr Vizag Tech Park
4:12 After Paytm, PhonePe goes live with UPI Lite
4:40 Indian Government grants Pan India Unified Licenses to Zoom
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Bitcoin Trading VolumeBy VARINDIA| 101 views
Google to introduce generative AI for its advertising business
echnology can lead to improved conversion rates and more effective marketing strategies, giving businesses a competitive edge in the evolving digital advertising landscape. From Metaverse to ChatGPT, we have all witnessed the power of Artificial Intelligence. From Gaming to Banking to Finance, AI is revolutionising every sector.
AI in marketing and advertising is used to segment customers, message them at optimal times and personalize campaigns. Oftentimes, AI also works to automate these processes to save businesses time and money. These companies use AI to create advertising campaigns and fine-tune marketing strategies.
As per a report, the tech giant is preparing to integrate its generative AI technology, which also powers its Bard chatbot, into the Performance Max programme. Google currently used artificial intelligence in its advertising business to produce simple suggestions that urge people to purchase things.
Today's Headline in NewsHours
0:00 Intro
3:02 #NEC Corporation elevates Mayank Khandelwal as Head of Finance for global regional headquarters
3:38 #Mankind Pharma bags Rs 1,298 crore from anchor investors
4:06 HC asks CCI to hear plea against Google's billing policy
4:42 #Blinkit's Delivery Workers join rivals in protest
5:12 Standard Chartered reports of Bitcoin hitting $100,000 by end-2024
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#AIAdvantage #IntelligentAds #AdGenAI #AdsPoweredByAI #ai #aicreativity #aigenerated #cybersecurity #artificialintelligence #google #diBy VARINDIA| 138 views
Will Banks supporting Crypto Currency have tough time ahead ??
#Cryptocurrencies like #Bitcoin and Ethereum have gained popularity and legitimacy in recent years, they are still a relatively new and untested asset class. This means that there is a lot of uncertainty and volatility associated with cryptocurrencies, which can present risks for banks.
Banks that support cryptocurrency will need to stay up-to-date on regulatory changes and ensure that they are complying with all applicable laws and regulations. Another challenge is the volatility of the cryptocurrency markets. Cryptocurrencies are known for their extreme price fluctuations, which can create risks for banks that hold these assets on their balance sheets.
As per the report, many banks are already making significant investments in cryptocurrency and blockchain technology, and see these assets as an important part of the future of finance.
Today's Headline in NewsHours
0:00 Intro
3:24 #BlackBerry comes up with its new IoT ‘Center of Excellence’ in India
4:00 #UIDAI makes online updating of documents free for three months
4:41 OpenAI announces ChatGPT successor GPT-4
5:20 Airtel increases base prepaid plans rate across all 22 circles
6:00 Meta puts on hold bonuses for Facebook Reels creators
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Will Banks supporting Crypto Currency have tough time ahead ??By VARINDIA| 129 views
Real-time Location Tracking
Can any technology/ software locate your exact location by the help of your simple picture? Don’t worry the technology is readily available. Most important is to avoid clicking on SMS/WhatsApp links from unknown sources. This may give access to the information available in your mobile device. So stay Vigilant.
Real-time location tracking is used in many ways today. Businesses use it to keep track of delivery trucks and employees. People use it to keep track of their children or pets while they are out exploring the world. It can also be used for safety when traveling or on vacation.
There are many other uses for real-time location tracking as well. Real-time location tracking can also be used for entertainment, like keeping track of a favourite sports team or finding out where your favourite band plays next on tour.
There are different types of real-time location tracking. It includes tracking with live GPS, mobile phone numbers, and Google maps.
The most common real-time location tracking is done with a GPS. This type of real-time location tracking is accurate and does not rely on mobile phone numbers.
Another form of real-time location tracking uses mobile phone numbers instead of GPS. This form of monitoring uses the mobile network provider's infrastructure to determine the whereabouts and location of a subject. The information is then sent to a server that can determine the issue's location based on cell towers and cellular signals. This form of real-time location tracking has been dramatically enhanced in recent years because mobile phone providers are now offering this service.
The third type of real-time location tracking relies on Google maps sharing information about the whereabouts and position of a subject being tracked. Information about the tracked topic is sent to Google, which then uses this information in conjunction with Google maps data to tell you where your loved ones are at any givBy VARINDIA| 111 views
Is Crypto becoming the devils Market in India??
The #cryptocurrency market continued to slide in the month of September, which has historically been the worst month for Bitcoin. Ethereum completed its long-anticipated transition to a proof-of-stake consensus mechanism, but it wasn’t the bullish catalyst Ethereum investors had hoped for.
#Ethereum completed the transition to the merge on Sept. 15, but investors saw the transition as a “sell the news” event. In the two months leading up to Ethereum’s conversion to proof of stake, Ethereum prices were up 32%, compared to a 2.8% decline in Bitcoin over that same period. After the merge, Ethereum prices tumbled 18%, while Bitcoin prices only dropped 1.9%.
The Indian crypto exchange WazirX fired 40% of its staff. A total of 50 to 70 employees of the 150 workers at the exchange were asked to go, CoinDesk reported. The laid-off employees were informed that they would be paid for 45 days and that they would no longer be needed to report for work.
Looking ahead to October, Wall Street is focused on inflation, interest rates and the forex market. Economic uncertainty in the U.K. sent the pound tumbling to new lows against the U.S. dollar in late September.
As new tax rules have forced many crypto enthusiasts to maintain distance from the cryptocurrency industry, India’s adoption rate of cryptocurrencies is likely to drop at a concerning rate in the second half. India may lose the no. 1 status in Asia’s top cryptocurrency market as 30% capital gains tax came into effect in India’s Crypto Market.
The US is expected to come up with the crypto regulations and the Biden White House released its first framework outlining the future of U.S. crypto and digital asset regulation in September. The directives may serve as guidelines for regulators such as the Securities and Exchange Commission and the Commodity Futures Trading Commission as they look to implement official rules to protect investors and reduce illegal activity in the cryptBy VARINDIA| 100 views
Vulnerabilities in IoT
#Vulnerability disclosures impacting extended internet of things devices has increased by 57% in the first half of 2022 compared to the previous six months, as per the research by Claroty.
The report also found that over the same time period, vendor self-disclosures increased by 69%, becoming more prolific reporters than independent research outfits for the first time, and fully or partially remediated firmware vulnerabilities increased by 79%, a notable improvement given the relative challenges in patching firmware versus software vulnerabilities.
The report is an examination and analysis of vulnerabilities impacting the Extended Internet of Things, a vast network of cyber-physical systems including operational technology and industrial control systems, Internet of Medical Things, building management systems, and enterprise IoT.
The top mitigation step is network segmentation (recommended in 45% of vulnerability disclosures), followed by secure remote access (38%) and #ransomware, phishing, and spam protection (15%).
After decades of connecting things to the internet, cyber-physical systems are having a direct impact on our experiences in the real world, including the food we eat, the water we drink, the elevators we ride, and the medical care we receive,” say experts.
A report says 15% of vulnerabilities were found in #IoTdevices, a significant increase from 9% in Team82’s last report covering the second half of 2021. Additionally, for the first time, the combination of IoT and IoMT vulnerabilities (18.2%) exceeded IT vulnerabilities (16.5%). This indicates enhanced understanding on the part of vendors and researchers to secure these connected devices as they can be a gateway to deeper network penetration.
The Published firmware vulnerabilities were nearly on par with software vulnerabilities (46% and 48% respectively), a huge jump from the 2H 2021 report when there was almost a 2:1 disparity between software (By VARINDIA| 149 views
Crypto ban could stop innovations in India
#Cryptocurrencies are by definition borderless and require international collaboration to prevent regulatory arbitrage. Therefore, any legislation for regulation or for banning can be effective only after significant international collaboration on evaluation of the risks and benefits and evolution of common taxonomy and standards.
Due to the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the winter session of Parliament, there is panic among thousands of private players in the field. It is said the Bill will prohibit all private cryptocurrencies in India, including the most coveted #Bitcoin.
Any entrepreneur who wants to create companies on #blockchain will have to move outside India. A ban will also wipe out the entire asset investing class that has built up in India.
Experts say India lost out on Internet 1.0 that saw the rise of companies like Google, Amazon, Microsoft. This trend will continue if we ban crypto here, and we will once again miss the opportunity of enabling innovators to innovate such infrastructure companies in India for the world. At the same time, the crypto industry is hopeful that the government will involve the industry stakeholders while drafting the bill.
Today, India has close to 15 million crypto investors. It is the second-largest in global crypto adoption as per Chainanalysis and over $500 million in investments from marquee investors, including Andreessen Horowitz, Sequoia Capital, Tiger Global, among others.
Secondly, anyone setting up an online business in India needs to pay these infrastructure service companies to start their business. This trend will continue if we ban crypto here, and we will once again miss the opportunity of enabling innovators to innovate such infrastructure companies in India for the world.
A ban would stop all innovations in cryptocurrencies in India and it will wipe out the entire asset investing class that has built up in IndiaBy VARINDIA| 106 views
AI and analytics key to achieving climate goals
Companies that have embedded sustainable climate-related practices into their organizations see significantly better business performance than those who have not, according to a new study released by Genpact, focused on delivering digital transformation.
The research, Tech for Progress 360: Accelerating climate action with data-led insight, finds that 58% of senior executives who strongly agree that their companies have embedded environmentally sustainable business practices – the sustainability leaders – have better business performance compared to 40% of other respondents.
These leaders are also most likely to say their organizations adopted new technologies over the previous two years (70% vs 45% of other respondents), demonstrating that forward-thinking companies often lead the way on multiple innovation fronts. They understand the necessity of leveraging digital technologies and data across their organizations as well as the importance of putting environmental sustainability practices front and center in their businesses.
For those sustainability leaders, technology plays a critical role in helping them achieve their ambitious goals. Half of the respondents recognize the potential of artificial intelligence and 40% see the potential of advanced analytics to advance their climate-related sustainability goals.
Conversely, those who have less established practices are less likely to call out the value of these technologies. This underscores an ongoing and widening gap between those leaders who know how to use AI, data, and analytics to unlock enduring value for their organizations and those who do not.
As businesses grapple with economic uncertainties, the time is ripe to identify, manage, and reduce ESG-related risks that can have a significant impact on the environment and a company's long-term sustainability and profitability. Experts say that organizations that lead with smart, agile, and data-driven action plaBy VARINDIA| 69 views
Banks using metaverse
There are platforms that are readily available to empower banks with their own metaverse that provides a highly personalized experience to their customers by allowing banks to use cutting-edge technology with a human touch which will significantly deepen and personalize customer interaction.
It will enable banks to harness the potential of enhanced User experience to bring out the best outcomes for data visualization and gamification of processes and procedures. With this it will allow banks to extend their own Metaverse for clients, partners, and employees, through services that will include Relationship Manager & Peer Avatars and Robo-advisors.
Besides its potential regarding product and service innovation in payments, investment, insurance and loans, the metaverse is an opportunity for banks to foster deeper customer connections.
It can help restore the in-person dialogues that are currently missing in digital channels and help create memorable experiences for the next generation of banking customers, many of whom may never need to step into a bank branch in their lives. With this you choose a digital avatar for yourself, walk into the bank lounge and access the available banking services.
Experts say while digital banking is functionally interdependent and inclusive, it is all too often seen as being emotionally detached. The metaverse allows banks to use cutting-edge technology with a human touch that will significantly deepen and personalise customer interaction.
It is an opportunity to restore the dialogues lost in digital channels. Digital banking will be bigger, not only allowing remote access to services, but adding a personal touch.
Today's Headline in NewsHours
0:00 Intro
2:03 #RajnathSingh launches 75 newly-developed AI defence products
2:43 #Bitcoin expected to drop to $10,000 rather than $30,000
3:17 Govt to introduce Bank privatisation bill in Monsoon Session
3:53 RisBy VARINDIA| 109 views
Cryptocurrencies are a Clear Danger
#Ransomware – attackers encrypt an organisation's data and require payment to restore access.
· #Cryptojacking – when cybercriminals secretly use a victim's computing power to generate #cryptocurrency.
· Threats against data – data breaches/leaks.
· #SocialHacking- “Employees are still falling victim to social attacks. ...
· Distributed denial of service (DDoS) Attacks are becoming very common and it seems there is no respite on the immediate effect.
The recent move by the Government to regulate the Virtual private network or VPN, is aimed at strengthening cyber security. Since, VPN services don't store logs of user activities and users usually use VPNs to hide their IP address from their Internet Service Providers and other third parties.
However, the tech companies are getting suffocated and addressing the industry by raising the issue of user privacy as VPNs are generally, which is used to conceal information.
Dubbing cryptocurrencies like Bitcoin and Ethereum as clear danger, the governor of Reserve Bank said, anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name.
RBI Governor Shaktikanta Das said this in the latest Financial Stability Report of India, even as the country’s government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions. We must be mindful of the emerging risks on the horizon. Cryptocurrencies are a clear danger.
While technology has supported the reach of the financial sector and its benefits must be fully harnessed, its potential to disrupt financial stability has to be guarded against. As the financial system gets increasingly digitalised, cyber risks are growing and need special attention, the Governor said.
However, regulatory clarity is yet to emerge with reBy VARINDIA| 105 views
India Marching ahead with Digitization
India's progress towards becoming a true #digitaleconomy , backed by progressive government policies, is encouraging domestic and #globaldatacentre operators to make huge investments in the country.
The shift towards cloud has pushed increased investments in hyper-scale data centers with the global data centre market investments expected to reach $200 billion per annum by 2025. India is also expected to get a share in this growth with investments in the country expected to reach $5 billion per annum by 2025. But to meet this rising demand, India will require a huge investment in data center and cloud infrastructure over the next three years.
Demand is likely to ramp up further due to the imminent rollout of #5G, increasing usage of IoT-enabled devices, data localization and cloud adoption. The businesses are looking to adopt cloud servers and surging cloud applications will make it imperative for businesses to have a reliable and secure IT infrastructure, where data can be stored and processed effectively.
#DataCenters are the backbone of a digital revolution. The Government of India's proposed Draft Data Center Policy aims to make India a 'Global Data Center Hub'. This will provide long-term funds for investments in the sector. State Governments have also been providing incentives to industry players for setting up data center parks.
The synergy of technology, legislation, demand, and investments is expected to usher in an era of high growth for India's DC industry in coming years. As India emerges as one of the fastest-growing data economies, India's adoption of cloud technologies will be imperative to tap into the global cloud market to help enterprises and the industry embrace this opportunity and further the Digital India agenda of Government of India.
As part of the policy framework, the Ministry is looking at reducing the number of clearances needed for setting up a data center. AccBy VARINDIA| 99 views
Does Volatility Really Matter?
#Cryptocurrency is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. Crypto has been in headlines for its good and bad reasons with its volatile nature. So, does volatility in crypto really matter? Then why is there still buying when Bitcoin had a 70% crash?
#Bitcoin and cryptocurrency, is highly volatile in nature. Crypto prices soar and then seem to crash almost as quickly, while rumors, sentiment and fundamental developments are quickly factored into the market, because crypto generates no cash flow, traders have to rely on changes in sentiment to drive the price. Bitcoin prices in particular have shown a degree of seasonality to date, appearing to fall in value to lesser or greater extents in the spring before bouncing back in early summer.
Over the past seven days, crypto markets have plunged a whopping 24%, shedding $320 billion from total market capitalization. That figure, which encompasses all cryptocurrencies, fell to an 18-month low beneath $900 billion this week, marking a 70% drawdown since November.
The massive sell-off has paused a little today as markets recaptured that $900 billion level, but all digital asset prices are still bleeding out on a macro scale. This is nothing new, however, since it happened in 2015 and then again in 2018, resulting in 80% collapses in prices and a long-drawn-out period of consolidation known as crypto winter.
A report says, many fintech organisations are still buying more Bitcoin, despite deep losses across the cryptocurrency market. An expert says, the current selloff has been triggered by a wider risk-off sentiment that also impacted many areas of global stock markets. It’s happening as inflation is running red-hot and, therefore, encouraging central banks to tighten monetary policies, putting at risk the liquidity that has benBy VARINDIA| 160 views
Increasing inflationary pressures
There are great fears of rising inflation driving both the stock and crypto markets down, dropping the total market capitalization of all cryptocurrencies below $1 trillion, crashed to $969 billion. This a drop of around 200% from its all-time high of approximately $3 trillion last November, during a market bull run that saw Bitcoin reach an all-time high of almost $69,000.
As U.S. inflation data and COVID-19 warning from Beijing roiled global markets, the increasing inflationary pressures are real, and recent earnings by U.S. companies have shown that it has become difficult to pass on that high inflationary pressure.
The fact sheet shows a downward trend impacting the value of cryptocurrencies. The global cryptocurrency market peaked at $2.9 trillion in November 2021, but has faltered this year, losing $1 trillion in value in the last two months alone, as investors ditched riskier assets in the face of high inflation fearing that the interest rate raised by central banks will hamper growth.
Ethereum, the world’s second-largest cryptocurrency, lost more than 16% in value over the day and is now trading at $1,190, while its market cap has dropped to $147 billion. Other major cryptocurrencies, including Solana, Dogecoin, Tron, and Avalanche, are suffering similar losses.
Almost every cryptocurrency, including Bitcoin, is now worth half or even less than their all-time highs. An expert says, as inflation proves to be an even trickier opponent to beat than expected, Bitcoin and Ether are continuing to get a severe bruising in the ring.
Countries around the globe continue to report high inflation numbers and what appears to be the immediate trigger for this crypto crash is a massive sell-off by investors amid heightened inflation fears.
Today's Headline in NewsHours
0:00 Intro
2:26 Infra.Market raises $50 million from Liquidity Group
3:08 WhatsApp to allow users export chat history from Android to iBy VARINDIA| 115 views
Investment into Bitcoin is alarming
Bitcoin, the largest cryptocurrency by market value, has moved with traditional markets lately. Behaving similar to a tech stock, the correlation between Bitcoin, the S&P 500, and the Nasdaq has hit all-time highs in recent months. For example, Bitcoin was skyrocketing in November 2021, hitting an all-time high of nearly $69,000. But less than three months later the cryptocurrency had lost nearly half its value, plummeting to around $35,000. That volatility attracts traders looking to make a profit, but it’s nerve-wracking, especially for new investors looking to get started. We have seen how the popular celebrities like Kim Kardashian and tech giants Elon Musk have talked about the declining values of cryptocurrencies and how it is affecting them.
All cryptocurrency transactions are recorded on decentralized ledger systems called blockchains, which let users transact namelessly, without registering a bank account or interacting with traditional financial gatekeepers. Amid the great crypto crash, a report says that Bitcoin investors are coming back even though major altcoins continue to bleed. The price of BTC fell even further as Terra LUNA disintegrated into ashes, wiping out most of investors’ wealth. Analysts have stated that BTC’s current upward momentum might be limited and a bullish price rally is one of the last things that investors should expect from the crypto. The year 2022 will much likely be similar to the 2018 bearish crypto market. Key indicators have estimated that according to the previous all-time dips in the bearish market conditions, the BTC price could be somewhere between US$14,000 to US$21,000. Such price developments generally discourage investors from diversifying their investment portfolios by indulging in digital assets. And if Bitcoin really falls as low as US$14,000 or even close to it, it would actually result in the loss of nearly 80% of its value from its all-time high of nearly US$68,000.
Whereas, there is no oBy VARINDIA| 93 views
Ethereum dominates crypto gains, says Chainalysis
While the regulations on Bitcoin in India is not yet clear, the Supreme Court asked the central government to make its stand clear on the cryptocurrencies, however, the investment into cryptocurrency is skyrocketing. A recent report says, India has ranked 21st with realized gains of around $1.85 billion. The central government is preparing a Bill to regulate cryptocurrency and other digital assets in India. Finance minister Nirmala Sitharaman in the Union Budget 2022 announced that the central government will levy a steep tax at 30% on virtual assets including cryptocurrencies and Nonfungible tokens. For this crypto tax, Budget 2022 proposed to introduce a new section 115BBH to levy income tax on cryptocurrencies and other virtual assets. The newly proposed cryptocurrency tax will be applicable from Assessment Year 2023-24. That means all your income from crypto transactions in FY 2022-23 will be taxed at the rate of 30%. Investors have to pay tax according to the existing taxation rules for FY 2021-22. Blockchain data analytics firm Chainalysis has found that the total cryptocurrency gains worldwide amounted to $163 billion in 2021, which was 5x the previous year or a 400% increase. Investors around the world realized total gains of $162.7 billion in 2021, compared to just $32.5 billion in 2020.
According to Chainalysis, the United States lead by a wide margin at an estimated $47 billion in realized cryptocurrency gains, followed by the UK, Germany, Japan, and China. Meanwhile, India ranked a lowly 21st with realized gains of around $1.85 billion. The report highlights that Ethereum edged out Bitcoin in total realized gains globally at $76.3 billion to $74.7 billion. Bitcoin, the world's most traded cryptocurrency, leapt 60% to finish 2021 at about $46,300. Ether, the token currency for the ethereum blockchain network, jumped about 400% in 2021, landing at around $3,650. There is a strong belief this reflects increased demand for Ethereum as the resuBy VARINDIA| 121 views
The time is not far, where Enterprises Can Go Password Less
While the world struggles to adapt to the pandemic-induced ‘new normal,’ many businesses have chosen to keep their employees’ home for more extended periods. Some companies also adjust their business models and implement hybrid ones in which workers have ease of functioning both in the workplace and remotely. This hybrid workforce has already presented IT teams with numerous challenges, one of which is - password updates and maintenance. Passwords have been a significant source of annoyance for both IT teams and employees, cutting across all business functionalities and departments. And, the only solution to this issue is to go Passwordless with a zero trust policy. In reality, today's IT teams spend an average of six hours a week on password-related problems, up by almost a quarter from the previous year. Furthermore, the difficulty of recalling, resetting, and modifying passwords encourages users to reuse their credentials across accounts, including personal and business logins, placing sensitive data at risk. Although passwords have always been a prime target for malicious actors, the advent of remote work has only exacerbated the problem. Threat actors continue to take advantage of moments in crises like COVID-19, relying on – consumers – not adopting online security best practices, from password stuffing to brute force attacks. So, what can be done to make passwords easier to remember? This is where the concept of passwordless authentication comes into play, especially when companies are shifting to remote working security.
The safest and the easiest way to fight rising phishing scams is to use reliable and robust authentication, such as passwordless – suggest experts. With the transition to remote work security, the end-user has a greater responsibility to observe security best practices. However, businesses cannot rely exclusively on their users to detect and deter account takeover attacks; employee education and training are insufficient. Two-fBy VARINDIA| 87 views
CAG has raised RED flags against UIDAI data security
There are issues of data-matching, errors in authentication, and shortfall in archiving, the CAG has said in its 108-page audit report on the functioning of the UIDAI. The country’s top auditor, the Comptroller and Auditor General (CAG) of India, has pulled up the Unique Identification Authority of India (UIDAI) for “deficient data management. There is a report, how the Pakistan terrorists misuse Aadhaar cards and the J&K Police has requested UIDAI to strengthen safety features.
As of October 31, 2021, UIDAI had issued 131.68 crore Aadhaar numbers. The CAG has said the data of Aadhaar card holders have not been matched with their Aadhaar numbers even after 10 years in some cases. It has also criticised the absence of a system to analyse the factors leading to authentication errors, and said that even though UIDAI was maintaining one of the largest biometric databases in the world, it did not have a data archiving policy, which is considered “a vital storage management best practice”. UIDAI provided Authentication services to banks, mobile operators and other agencies free of charge till March 2019, contrary to the provisions of their own Regulations, depriving revenue to the Government,” the CAG says. The CAG has highlighted that UIDAI has not ensured that the applications or devices used by agencies or companies for authentication were not capable of storing the personal information of the residents, which put the privacy of residents at risk. The Authority had not ensured security and safety of data in Aadhaar vaults. They had not independently conducted any verification of compliance to the process involved, the CAG said in its report.
CAG Flags Concerns on Aadhaar Data Collection and Management. However, UIDAI’s next step is much awaited. Despite UIDAI maintaining one of the largest biometric databases in the world, it did not have a data archiving policy. Interestingly, this is not the first time that Aadhaar is facing such criticism regBy VARINDIA| 88 views
Why experts are bullish on Bitcoin to hit $75k?
The Russia-Ukraine war, inflation, rising interest rates, and slower economic growth have impacted investors' sentiments. Increasing transactions by bitcoin whales is a sign of rising demand from investors and according to a Bank of America survey, a quarter of fund managers anticipate the biggest crypto’s price to pass $75,000 in one year. At the same time, many are predicting it will remain relatively flat, fluctuating between $50,000 and $75,000. Most altcoins have gained more than decent growth. It seems like traders are redistributing their funds between altcoins to avoid Bitcoin exposure. Shiba Inu, Polygon, Solana, and Compound have gained more than decent growth after they were listed on the trading platform Robinhood
A survey found that long positions on bitcoin were more crowded than those on ESG (environmental, social, and governance). In May and January this year, long bitcoin was named the most crowded trade. Bitcoin will recover from the current crypto crash to hit a fresh all-time high of $75,000 by the end of 2022. Experts such as Nigel Green of deVere Group says, the world’s largest digital currency by market capitalisation fell below the $40,000 level several times, weighing down the wider cryptocurrency sector. The total cryptocurrency market is currently $1.89 trillion, down 11% compared to the week before. He explains: “Bitcoin briefly dipped below $40,000, tracking losses in global equities. The correlation with stock markets is currently especially pronounced with the tech-heavy Nasdaq 100 index, which is in tandem more than ever.
It seems investors are reducing their exposure to risk-on assets, including stocks and crypto, due to heightening concerns about inflation and slower economic growth. There’s a growing sense that central banks – including the U.S. Federal Reserve, the Bank of England and European Central Bank - will be unable to achieve a ‘soft landing,’ that’s to say curbing inflation wBy VARINDIA| 149 views
Crypto exchanges are popular targets for cyber attackers
Cryptocurrency exchanges have become a popular target for cyber criminals. Cyber criminals often deploy ransomware attacks by running code to encrypt data and then demanding payment in the form of cryptocurrency to release it. Since its launch in 2009, Bitcoin has become the world’s best-known and most popular cryptocurrency exchange, with more than 81 million users worldwide. Because Bitcoin lives in the digital world, Bitcoin users can send it anywhere in the world without any banking infrastructure or exchange fees, fostering peer-to-peer financial transactions. As identities can be hidden in Bitcoin wallets, it is the obvious choice for cyber criminals to get what they want and remain anonymous. There are an estimated 106 million people worldwide who now use cryptocurrency exchanges. Created 13 years ago, the first cryptocurrency, Bitcoin, was relatively unheard of for the first years of its existence, only used by a small group who sought to retain a level of transactional anonymity. The second cryptocurrency was not created until two years later, but as of January 2022, there are over 8,000 different cryptocurrencies.
There is growing innovation from attackers in the space of cryptocurrency exchange attacks. Consumers, businesses and governments are finding new ways to use cryptocurrency, but a recent string of cyber-attacks has highlighted security risks and shortcomings. There is rising concern that “there will be a hack and my money will vanish”. According to blockchain analysis firm Chainalysis, the total value of cryptocurrencies held by illicit wallet addresses worldwide soared by 79% last year to $14 billion from $7.8 billion in 2020. Crypto investors lost over $2.8 billion globally to various crypto scams in 2021. Illicit address refers to wallets used for cyber-attacks, Ponzi schemes and other scams. In many instances, cybercriminals use channels such as WhatsApp and Telegram to scam young crypto owners with the promise of doubling their moBy VARINDIA| 153 views
Demystifying Blockchain Technology | VARINDIA News Hour
Demystifying Blockchain Technology | VARINDIA News Hour
Blockchain is an exciting new technology with huge potential to disrupt and improve numerous industries. It has sparked a lot of questions around what it is, how it works, and how it will impact procurement and supply chain. With continued investment and research in blockchain technology, many businesses are beginning to see the benefits that blockchain offers and are considering the adoption of the technology. It is one of the most disruptive technologies in the modern digital economy and is on the verge of impacting many industries. one major challenge that blockchain faces today is scalability. Nonetheless, blockchain can be a revolutionary solution to combat data breaches and protect data privacy. Investment in blockchain has grown exponentially and continues to expand across industries. According to the IDC report, by 2022, spending is expected to soar to $11.7 billion, amounting to a five-year compounded annual growth rate of 73% from 2017 to 2022. Even these statistics may understate blockchain’s eventual impact. According to Christian Catalini (MIT) and Joshua Gans (University of Toronto), blockchain has key features of a General-Purpose Technology (GPT), defined as “technologies that can spur economic growth over the long run and have substantial and pervasive impact on the society across multiple industries, such as steam engine, electricity and internet.”
As business operations and offerings are substantially enabled through various crucial accomplishments and advancements in the IT field, business executives across the globe are equally keen to experiment with and embrace this new and futuristic technology to reap a slew of business benefits. Interestingly, blockchain has the inherent potential and promise to bring forth a bevy of strategically sound implications for various industry verticals. Cryptocurrency is one of the finest and foremost applications of blockchain technology.By VARINDIA| 173 views
NFTs are now spotted with Fakes as Demand Soars | NFTs | VARINDIA News Hour
NFTs are now spotted with Fakes as Demand Soars | NFTs | VARINDIA News Hour
We have already entered into the new age of technologies including Blockchain, DeFi, Crypto, NFTs and the Metaverse. Sales of NFTs, or non-fungible tokens, soared to around $25 billion in 2021, leaving many baffled as to why so much money is being spent on items that do not physically exist and which anyone can view online for free. NFT technology is helping to make art profitable again, but plagiarism and fakes are “becoming a massive issue” for both artists and buyers, warns a world-famous British artist who has crossed over into the digital space. NFTs are crypto assets that record the ownership of a digital file such as an image, video or text. Anyone can create, or "mint", an NFT, and ownership of the token does not usually confer ownership of the underlying item. Plagiarism and fraud have been an issue since NFTs exploded in early 2021, but something shifted last fall. The explosion appeared to be from bots scraping artists’ online galleries, or even keyword searches on Google Images, and then creating collections with auto-generated texts. Those listings have proliferated on OpenSea.
It has come as evidence that there are a record number of fake NFTs in the marketplace. An NFT is a digital asset that can be an image, audio clip, or GIF and whose ownership is recorded on a tamper-proof digital ledger known as a blockchain. “NFTs are the future of art, without question. We’re increasingly living digital lives and NFTs allow us to take the images we love into this world – with an even further enhanced experience for the buyer. It’s the inevitable way forward. Over the last year, the NFTs market has exploded, with a digital-only piece of art selling for $69 million in 2021. Since then, an ever-growing number of artists and celebrities, fashion, music, tech and sports brands have been creating, buying and selling ‘tokens.’ This is attributable to two main reasoBy VARINDIA| 175 views
Fraudsters Exploiting Blockchain Security | Tracking Assets | VARINDIA News Hour
Fraudsters Exploiting Blockchain Security | Tracking Assets | VARINDIA News Hour
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network which has gained popularity in recent years. It offers a unique structure for data accompanied by in-built security qualities. Blockchain relies on the principles of consensus, decentralization, and cryptography for ensuing trust in transactions. However, blockchain security issues have continued to trouble many organizations and early adopters. Apart from its initial application in cryptocurrency, it is now being used in healthcare, real estate, smart contacts, and other fields. The technology has been a great example of how security tenets in financial transactions and information transmission are transformed. It provides a one-of-a-kind data structure as well as built-in security features. Blockchain is based on the ideas of consensus, decentralization, and cryptography to ensure transaction trust. However, many blockchain security issues have arisen due to faulty technology implementation. A blockchain network can track orders, payments, accounts, production and much more. Because of the members sharing a single view of the truth, you can see all details of a transaction end to end, giving you greater confidence, as well as new efficiencies and opportunities.
Blockchain technology basically involves the storage of different bits of digital information, known as blocks, in a public database. The blocks of information have cryptographically secure links between them. Blockchain has become popular largely because of the limitation on ‘double spending.’ Blockchain does not allow the use of the same currency on two different transactions. All descriptions of blockchain technology point out towards cryptography, immutability, and decentralization. With cryptographic security and the assurance that no one can modify data without the knoBy VARINDIA| 132 views
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Launch of Gujarat Election Campaign in Ahmedabad
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