Wednesday, December 25

Tag: security

Indias Leading Ecommerce Company Saves Rs 3 Crore Per Month Using Anti-Fraud Policy
28Mar By Press Trust of IndiaNo Comments
News

Indias Leading Ecommerce Company Saves Rs 3 Crore Per Month Using Anti-Fraud Policy

E-commerce firm Snapdeal today said various anti-fraud measures taken by it have resulted in savings of Rs 3 crore per month for the online platform. "From checks on bogus or fake sellers to identifying fake user accounts, to deploying sophisticated algorithms that identify any suspicious trends, Snapdeal has consistently been working on enhancing security and transparency across the entire ecosystem. "The initiatives have resulted in the company saving close to Rs 3 crore per month," Snapdeal said in a statement today. Snapdeal said that range of initiatives launched at curbing fraudulent online transactions using analytics are accruing massive cost savings for the company. "For instance, based on purchase patterns and past behaviours, the system can identify whether a seller ...
Read More
Security Flaw Found in WhatsApp, Telegram: Researchers
17Mar By Press Trust of IndiaNo Comments
News

Security Flaw Found in WhatsApp, Telegram: Researchers

A computer security firm today revealed a flaw that could let hackers break into WhatsApp or Telegram messaging accounts using the very encryption intended to protect messages. Check Point Software Technologies said that it alerted Telegram and Facebook-owned WhatsApp last week, waiting until the vulnerability was patched before making it public. Check Point did not specify how many messaging accounts were at risk, but did say the flaw posed a danger to "hundreds of millions" of users accessing the messaging platform from web browsers in computers, as opposed to mobile applications. "This new vulnerability put hundreds of millions of WhatsApp Web and Telegram Web users at risk of complete account take over," Check Point head of product vulnerability Oded Vanunu said in a release. ...
Read More
Wipro Acquired Brazil Based IT Services Provider
26Jan By NitishNo Comments
ACQUISITION

Wipro Acquired Brazil Based IT Services Provider

Wipro Ltd. a leading global information technology, consulting and business process services company today signed an agreement to acquire InfoSERVER S.A. for BRL 27.6 Million (USD 8.7Mn). InfoSERVER, an IT services provider, which is focussed on the Brazilian market, provides custom application development and software deployment services. Two-decade old InfoSERVER, which counts some of the largest Brazilian banks as its clients, will help Wipro in expanding its presence in the country’s highly traditional and competitive Banking, Financial Services & Insurance market besides adding invaluable domain and process knowledge on the sector. This acquisition closely aligns with Wipro’s vision to localise, expand its presence and become a significant partner of choice in the LATAM ma...
Read More
None of Mobile Payment Apps in India Fully Secure: Qualcomm
14Dec By PriyankaNo Comments
News

None of Mobile Payment Apps in India Fully Secure: Qualcomm

While government is pushing for digital payments through mobile phones, chipset maker Qualcomm said that wallets and mobile banking applications in India are not using hardware level security which can make online transactions more secure. "You will be surprised because most of the banking or wallet apps around the world don't use hardware security. They actually run completely in Android mode and users password can be stolen. Users use fingerprint which might be captured... in India that is the case for most of all digital wallets and mobile banking apps," Qualcomm Senior Director Product Management SY Choudhury told Pixr8. He said that even most famous digital payment application in India is not using hardware level security. "Reason we are saying that none of them is using it bec...
Read More
$943 Million – the Loss to Indian Economy From Internet Shutdowns
8Oct By NitishNo Comments
Story

$943 Million – the Loss to Indian Economy From Internet Shutdowns

22 internet shutdowns that occurred in India between 2015 to 2016 cost the country’s economy an astonishing $968 million, contributing to a total global cost of $2.4 billion, says Darrell West in a study published by Centre for Technology Innovation, Brookings Institution. Citing the example of one such instance West says India disrupted Internet services in response to concerns over students cheating on exams. An Indian official said, "considering the sensitive nature of the exam for recruitment of talents, internet service providers have been asked to shut down all internet-based social media services from 9am to 1 pm to prevent the mobile misuse during exams. " In many other instances, Regional Indian officials also ordered disruptions in response to public security concerns. ...
Read More
Apple Started Bounty Bug Program For Developers
7Aug By AnkitaNo Comments
News

Apple Started Bounty Bug Program For Developers

Apple Inc said it plans to offer rewards of up to $200,000 (£152,433) to researchers who find critical security bugs in its products, joining dozens of firms that already offer payments for help uncovering flaws in their products. Such rewards are already offered by dozens of firms, including Facebook Inc, Google, Microsoft Corp, Tesla Motors Inc and Yahoo Inc. The program will initially be limited to about two dozen researchers who Apple will invite to help identify hard-to-uncover security bugs in five specific categories. Those researchers have been chosen from the group of experts who have previously helped Apple identify bugs, but have not been compensated for that work, the company said. The most lucrative category, which offers rewards of up to $200,000, is for bugs in Apple's ...
Read More
49% Kids Can’t Live Without Social Media – Kaspersky Lab Study
4May By AnkitaNo Comments
ANALYSIS

49% Kids Can’t Live Without Social Media – Kaspersky Lab Study

Kids today spend more of their lives online than offline, according to research carried out by Kaspersky Lab and iconKids and Youth. As kids grow older, offline activities tend to transfer to the online world. Moreover, three-in-four children prefer to use the Internet to get information, rather than any other source. These findings show that children can become even more vulnerable online without parental supervision and support. Children stay close to their mobile devices all day, and even tend to sleep with them, so that they can go online around the clock from any location. The research shows that four-in-ten are reluctant to put their smartphone down even during mealtimes. Furthermore, 23% of parents of 8-10 year olds admitted that their kids take their mobile phones to bed with...
Read More
New System Finds Security Flaws in Popular Web Apps
16Apr By AnkitaNo Comments
News

New System Finds Security Flaws in Popular Web Apps

MIT researchers have developed a system that can quickly comb through tens of thousands of lines of application codes to find security flaws in popular web applications. In tests on 50 popular applications written using Web programming framework Ruby on Rails, the system found 23 previously undiagnosed security flaws, and took no more than 64 seconds to analyse any given programme. According to researchers from Massachusetts Institute of Technology (MIT) in the US, the new system uses a technique called static analysis which seeks to describe in a very general way how data flows through a programme. "The classic example of this is if you wanted to do an abstract analysis of a programme that manipulates integers, you might divide the integers into the positive integers, the negativ...
Read More
Unitus Seed Fund Invests in BetterPlace, India’s Leading Safety and Trust Platform
16Feb By AdityaNo Comments
FUNDING

Unitus Seed Fund Invests in BetterPlace, India’s Leading Safety and Trust Platform

16th February, 2016. Bangalore, India: Unitus Seed Fund, India’s most active seed fund supporting startups innovating for the masses, today announced an investment in BetterPlace Safety Solutions, a Bangalore-based digital background verification solution provider aiming to create “A Better Place For A Billion+ Indian Citizens By SAFE Powering Them”. Founded in 2015 by Uday Singh, currently the Group CEO of SIS Group and Pravin Agarwala, former Global head of Cloud ERP Development at SAP, BetterPlace has created India’s first web service that addresses the ‘trust deficit’ in any form of alliance or interaction between individuals and entities. From verifying the credentials of a potential tenant, to hiring a maid, to fulfilling the workforce hiring requirements of large organizations, B...
Read More