Wyly Wade

Category: Law

Aadhaar-linked accounts to be basis for mobile payments

I do find it interesting that everyone in the development community is focused on mobile payments and yet the attachment of a higher level of verification using biometrics and a randomly generated 12 digit number and it is a target at every turn. Over 30 million linked accounts to start DBT payments in most countries…

Syria refugees home free in Sweden

For Syrian refugees in Sweden, an announcement that they will be granted permanent residence is a blessing. Will other EU countries follow Sweden’s example? And what about refugees who come thereafter? Sweden has become the first European Union country to send a positive signal to Syrians who have fled their country due to the ongoing civil war: permanent…

More than 400 mn Indians have Aadhaar numbers

Unique Identification Authority of India (UIDAI) has issued more than 402.9 million Aadhaar numbers till date and the body will achieve the target of 600 million enrolments by 2014. “UIDAI has reiterated that the target of 60 crore Aadhaar enrolments will be achieved by 2014. More than 40 crore 29 lakh Aadhaar numbers have been issued till date…

Global Cyber Security Market to Reach $120.1 Billion by 2017 at a 11.3% CAGR

The global cybersecurity market is expected to grow from $63.7 billion in 2011 to $120.1 billion by 2017, at an estimated compound annual growth rate of 11.3% from 2012 to 2017, according to the report. “Cyberspace today is powered by a gamut of devices and applications that have made it vulnerable to threats from all kinds of users…

Russian Military Creating Cyber Warfare Branch

“Cyber space is becoming our priority…the decision to create a cyber-security command and a new branch of the armed forces has already been made,” said Andrei Grigoryev, the head of the recently-created Foundation for Advanced Military Research. The Foundation for Advanced Military Research, similar in its purpose to America‘s Defense Advanced Research Projects Agency (DARPA), was…

No such thing as hacker-proof

Effective cyber security today means identifying threats before attacks occur and securing your most valuable assets. For starters, there is no such thing as “hack-proof”. The only device or network that is unhackable is the one that isn’t and can’t be connected to the internet or a network. The nature of cyber threats has changed—and so too should the…

A Bug ‘Glitch’ opens all the cell doors of maximum security wing of prison

Florida prison officials are trying to figure out whether a computer glitch may be behind two recent, as yet unexplained incidents where all of the doors at a facility’s maximum-security wing opened simultaneously. In the latest occurrence, on 13 June, guards at the Turner Guilford Knight Correctional Center in Miami, Florida, had to rush to corral prisoners back…

$1.2 Million Penalty in Copier Breach

Affinity Health Plan, a managed care plan company based in New York, has just agreed to pay federal regulators $1.2 million to settle a 2010 incident that affected 344,557 individuals whose data was discovered on the hard drives of copy machines that had been returned to a leasing company. At the center of the agreement was a breach reported…

How To Protect Yourself From Hackers

Hacking attacks are increasing. To make matters worse, hackers can use many ways, from low tech methods to sophisticated techniques to steal your private data and information. The main reason why hackers go after your personal information is identity theft! There were 12.6 million victims of identity theft in 2012 – or, to put it into perspective,…

White House proposes formation of a cybersecurity insurance market

A new study found that 31% of companies have cybersecurity insurance policies, while 39% planned to purchase a policy in the future. The study, released Wednesday by information services group Experianplc, underscores the quick development of the nascent industry, which has picked up speed in recent years as companies wake up to a pervasive cyber threat.“There is a definite expansion…

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