“A 2019 report revealed that almost 100% of fintech companies had issues related to privacy, security, and compliance, owing to APIs, subdomains, and abandoned web applications.”
" Recent data from the Indian Computer Emergency Response Team (CERT-In) highlights that India encountered many cybersecurity incidents in 2022. In that year a total of 13.91 lakh cases were reported. With increased digitisation, both the number and sophistication of such attacks will grow."
“Compounding the threat of cybercrime is the fact that by the end of 2023, India will face a shortage of around three million cybersecurity personnel.”
Saw this video yesterday, posted by some other Twitter handle, and I thought it was super fake
Now only realize the actual post was shared by OpenAI as mentioned in that article
And to think India is going to compete in the AI field (especially because of Sam Altman’s comment that India can’t do it). I am excited to see the competition.
Leaving ChatGPT aside,
I am waiting to see how Tesla (specifically their autopilot feature) survives on Indian roads with Autorickshaws
I am always curious and wondering about this scenraio
During the peak time before RBI whipped on PPI process flows in the early part of 2021, they were doing 6–10 cards per day, which is very little. However, the surprising thing is that they withstood for around 2 years.
Zerodha has recorded an overall revenue of ₹6,875 crore for FY23, and a profit after tax of ₹2,907 crore.
Personally think the stock brokerage market is saturated. Groww has acquired almost all normal retail customers while Zerodha has acquired all serious retail customers. Then there are the bank based brokers which are also competitive and for traders there is Zerodha and there are other 0 brokerage brokers who run on monthly plans.
“Ever since the integration with UPI, RuPay credit cards are witnessing a rise in demand for RuPay cards across India’s Tier-2, 3 and 4 towns and cities. Almost 37 per cent of the cards issued through the platform in India’s hinterland during the July-September quarter were for RuPay cards followed by Mastercard (32 per cent) and Visa (31 per cent)."
“Stressing that ID systems like Aadhaar lead to the concentration of sensitive information with specific entities and increase the risks of data breaches, Moody’s made a pitch for decentralised ID (DID) systems such as digital wallets, based on blockchain capabilities that give users more control of their private data and can reduce online fraud.”
“Decentralised IDs also pose some challenges, Moody’s conceded. At a broader level, it warned that digital IDs, centralised or not, can have negative social repercussions, since they may strengthen group identities and political divides, particularly if offered by technology and social media companies with significant monopolistic influence.”
“Moody’s has ignored that biometric submission is also possible through contactless means like face authentication and iris authentication, the Central government added.”
“The government said that no breach has been reported from the Aadhaar database so far. Additionally, the Centre said that global investment banks such as IMF and World Bank have lauded the role of Aadhaar.”
“The Aadhaar system has multiple authentication methods, including facial and iris recognition, aside from fingerprinting, both UIDAI and the Narendra Modi government have emphasised. They also mentioned that one-time passwords (OTP) via mobile phones are available for many services, providing a fail-safe mechanism.”
“Both UIDAI and the Ministry of Electronics & IT consider the criticisms levelled against Aadhaar by Moody’s to be “baseless”. They maintain that Aadhaar is a highly secure and reliable system, a stance supported by a vast number of Indians and acknowledged by global institutions."
