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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Companies owe it to their customers to duly notify them of cyber attacks involving personal information leaks.
Editor's note: When I started writing on fintech, some six years ago, cybersecurity incidents at financial institutions were few and far between. The number of cyber attacks and data leaks has gone up considerably since. Ask any cybersecurity expert, and they will tell you that we have entered a new era of internet security. In response, financial regulators—the Reserve Bank of India and the Securities and Exchange Board of India—and the Indian Computer Emergency Response Team, or CERT-In, have updated their cybersecurity guidelines to ensure companies follow best practices. For instance, the window to report a cybersecurity incident to the regulators has narrowed over the years from a few days to a few hours.However, companies, on their part, continue to cling to a culture of denial and silence when it comes to informing their customers about cybersecurity incidents, especially those involving data leaks. No firm wants to admit that it faced a cyber attack for fear of damaging its reputation or causing a fall in its share prices. In the first three months of this year alone, Indian companies faced over 18 …
Companies owe it to their customers to duly notify them of cyber attacks involving personal information leaks.
Editor's note: When I started writing on fintech, some six years ago, cybersecurity incidents at financial institutions were few and far between. The number of cyber attacks and data leaks has gone up considerably since. Ask any cybersecurity expert, and they will tell you that we have entered a new era of internet security. In response, financial regulators—the Reserve Bank of India and the Securities and Exchange Board of India—and the Indian Computer Emergency Response Team, or CERT-In, have updated their cybersecurity guidelines to ensure companies follow best practices. For instance, the window to report a cybersecurity incident to the regulators has narrowed over the years from a few days to a few hours.However, companies, on their part, continue to cling to a culture of denial and silence when it comes to informing their customers about cybersecurity incidents, especially those involving data leaks. No firm wants to admit that it faced a cyber attack for fear of damaging its reputation or causing a fall in its share prices. In the first three months of this year alone, Indian companies faced over 18 …
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
