Category: Technology

30,000 travel records compromised in Pentagon Data Breach

30,000 Travel Records compromised in Pentagon Data BreachThe travel records of up to 30,000 U.S. military and civilian workers have reportedly been leaked through a commercial vendor used by the Pentagon. According to a report , an anonymous source familiar with the matter stated that this breach was discovered on October 4th, but may have happened months ago.

It says that Pentagon has been hit by a cyber breach of Defense Department travel records that may have compromised the credit card data and other personal information of its workers. A United States official with knowledge of the breach, who spoke with the Associated Press on the condition of anonymity while an investigation is underway, said that as many as 30,000 workers could have been affected.

Lt. Col. Joseph Buccino, a spokesman from the Pentagon, confirmed in a statement by email that the Defense Department is investigating the hack, which he said occurred through a yet-unnamed contractor that maintained the department’s travel records.

Read More: https://varindia.com/news/30000-travel-records-compromised-in-pentagon-data-breach

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Special Privilege To Honest Taxpayers In Airports, Railway and Toll Plaza

Special Privilege To Honest Taxpayers In Airports, Railway and Toll PlazaThe government is working on a larger plan for the honest taxpayers , an how to give benefits ”Priority Service” while using public services to the Tax payers at airports, railways stations and at tolls on highways, it is definitely a great move by the Government.

There are about 8 crore income taxpayers in the country at present could get benefited with this scheme and the CBDT has instructed the taxman to add 1.25 crore to this tally by the end of the current financial year in March 2019.

The proposal will be introduced by the Finance Ministry and sent for final approval to the Prime Ministers Office (PMO) before it is cleared by the Union cabinet. A cabinet note to enhance the output of the Central Processing Centre (CPC) of the department in Bengaluru has already been prepared and sent.

They said that a committee under the Central Board of Direct Taxes, the policy-making body for the Income Tax Department (ITD), is working to chalk out the broad parameters for extending such “courtesies” and benefits to taxpayers who pay their taxes on time and in full.

Read More : https://varindia.com/news/special-privilege-to-honest-taxpayers-in-airports-railway-and-toll-plaza

Interra Conclave Mulls the Future of AI

Interra Conclave Mulls the Future of AIIna. recently held conclave on the future of AI,where the speakers had stressed the need for the information technology sector to embrace Artificial Intelligence (AI). Asoke K. Laha, Founder, President and CEO of InterraIT, has emerged as a strong advocate of the adoption of cutting-edge technologies as a strategy to reorient India’s IT industries in the face of challenges posed by rampant protectionism, increased competition, and labor arbitrage in its target markets.

“We need to look inward at domestic markets with a view to bringing to the table sophisticated new technologies like open-source software, cloud computing, data analytics, and now artificial intelligence.” Laha said.

Read More: https://varindia.com/news/interra-conclave-mulls-the-future-of-ai

BBNL Corporate Office Innaugurated

DoT IndiaThe new corporate office of Bharat Broadband Network Limited (BBNL) in East Kidwai Nagar, New Delhi in the NBCC Building Complex was inaugurated by Minister of State for Communications (Independent Charge) and Minister of State for Railways, Shri Manoj Sinha today. Addressing the members of the press and media immediately after the inauguration, the Minister said – “BBNL has played a key role in leading the successful implementation of the BharatNet project fordigitally connecting all 2,50,000 Gram Panchayats (GPs) in the country. The objective of this flagship project of our Government is to facilitate the delivery of e-governance, e-health, e-education, e-banking and other services to citizens in every part of our country, on a non-discriminatory basis. We have completed approximately 50% of the project, and the remainder is targeted for completion by March 2019.”

The new BBNL corporate office has been taken on a 30-years lease from the Ministry of Urban Development, through NBCC (India) Limited. The total office space area is 36,597 sq. ft., with a designated area where students from academic institutions can get a glimpse of BharatNet. Smt. Aruna Sundararajan, Secretary (Telecom), who was present on the occasion, added – “The consolidation of BBNL operations in this new office has come at the right time – when the focus of the organization is expanding from implementation, toalso cover critical areas such as utilization and maintenance of the BharatNet infrastructure.”

Read More: https://varindia.com/news/bbnl-corporate-office-innaugurated

Too Much Cloud Movement Lead To Collaboration

 

Too Much Cloud Movement Lead To CollaborationCloud adoption is enabling massive business transformation and tremendous growth for today’s digital business, but it also creates huge visibility gaps and span of control challenges for organizations. While hybrid architectures are a reality for most modern enterprises and cloud is now considered an extension of the enterprise infrastructure, the majority of performance management tools available in the market are incapable of providing unified and user-centric visibility for hybrid cloud environments and the user’s digital experience. In the 2018 State of Cloud Monitoring Survey recently conducted by Riverbed, IT network and cloud business decision makers shared their difficulties with 92% of participants stating they faced challenges with performance management in their cloud environment, and 60% of participants stated that their end users experienced cloud performance issues first before companies knew about them.

As cloud adoption has become ubiquitous, cloud deployments and the applications themselves have become increasingly complex and distributed. Ensuring performance of the end-user experience, apps, networks and cloud vendors themselves is a daunting challenge, Public cloud continues to make inroads, with our research showing that 41% of enterprises are heavily using public cloud and 72% of those users are deploying in multi-cloud environments. So, it is of no surprise that 60% of organizations anticipate that they will invest in cloud services monitoring and visibility over the next two years.

Read More : https://varindia.com/news/too-much-cloud-movement-lead-to-collaboration

 

Modiin Entrepreneurs’ to Set Up Startup Incubation Facilities in India

Modiin Entrepreneurs' to Set Up Startup Incubation Facilities in IndiaModiin Entrepreneurs’ Israel-based Startup Hub is going to set up an India-Israeli Innovation Centre (IIIC) in Bengaluru, which will be its first startup incubation facility in India after the US, the UK and China.

A 10,000 square feet area has selected in Bengaluru facility, which is MESH’s fourth such facility globally, will be set up in the central business district of Bengaluru and will be operated by MESH itself.

Beside giving Indian startups access to Israeli investors and frontier tech talent, the Bengaluru and other upcoming incubator facilities will bring on board both Israeli and Indian educational institutions for collaboration and co-research, under which Israel’s Technion, Ben-Gurian and Tel Aviv Universities will join hands with India’s IITs and IIIT.

It is also fact that, Israel as a country is strong point into security and cyber security portfolio and they are also aligning its India strategy around government initiatives like Startup India and Digital India. Israel will team up with Indian government policy think tank, NITI Aayog, and Atal Innovation Mission, an innovation promotion platform involving academics, entrepreneurs, and researchers.

Read More : https://varindia.com/news/modiin-entrepreneurs-to-set-up-startup-incubation-facilities-in-india

Banks’ Endeavour to Buyout NBFCs’ Loan Book is Synergetic

Banks' Endeavour to Buyout NBFCs' Loan Book is SynergeticIndia Ratings and Research (Ind-Ra) believes that the steps taken by Reserve Bank of India (RBI) to support systemic liquidity and State Bank of India (SBI; IND AAA/Stable) to offer balance sheet liquidity for non-banking financial companies (NBFCs) would help alleviate some of the ongoing tightness in the financial system. These measures however are likely to bring about a temporary effect. For long-term sustainability, restoration of normalcy in the credit market especially for NBFCs is critical. Additionally, development of alternative sources of financing such as an active securitisation market would be beneficial.

Actions to Complement System and Balance-sheet Liquidity: The RBI has recently infused INR320 billion of durable liquidity into the system and another INR240 billion is likely to come in the month of October 2018 through open market operations. In addition, to tide over frictional liquidity mismatches, banks are now permitted to reckon SLR securities held by them up to another 2% of their net demand and time liabilities, under the facility to avail liquidity for liquidity coverage ratio within the mandatory SLR requirement. Ind-Ra believes this will help in stabilising the systemic liquidity, especially in light of possible draining of liquidity in the upcoming festive session. SBI has announced an additional INR300 billion asset buyout from NBFCs, which would help them tide over the ongoing challenges.

Read Morehttps://varindia.com/news/banks-endeavour-to-buyout-nbfcs-loan-book-is-synergetic