The U.K. government is considering banning ransomware payments to make critical industries “unattractive targets for criminals.” It would apply to all public sector bodies and critical national infrastructure, which includes NHS trusts, schools, local councils, and data centres. Currently, all government departments nationwide are banned from paying cyber criminals to decrypt their data or prevent … Read more
The federal government on Jan. 13 proposed a global policy to limit the distribution of powerful, U.S.-made GPUs, an effort to promote U.S. dominance over China in the AI chip industry. “To enhance U.S. national security and economic strength, it is essential that we do not offshore this critical technology and that the world’s AI … Read more
KYC fraud: In a bid to prevent Know Your Customer (KYC) data from fraud and misuse, the launch date for masking KYC identifiers in the Central KYC Records Registry (CKYCRR) has been extended to January 20, 2025. This effort, designed to enhance data security and curb potential misuse, will conceal sensitive KYC information such as Aadhaar, … Read more
PAN 2.0 card: The Centre is introducing PAN 2.0 with the aim of establishing it as a universal identifier for multiple business and tax requirements, similar to the Aadhaar card which serves as the primary proof of identity. The PAN 2.0 number will serve as a universal identifier linked to various key registrations such as PAN, … Read more
This year has not been quiet for the cybersecurity field. We have seen record-breaking data breaches, huge ransomware payouts, and illuminating studies about the impact of the increasingly complex and ever-evolving threat landscape. As we approach the new year, TechRepublic revisits the biggest cybersecurity stories of 2024. 1. Midnight Blizzard’s attack on Microsoft In January, … Read more
PAN 2.0: The Government has launched the PAN 2.0 Project to modernise and digitise the existing Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) system. The primary goal is to enhance the user-friendliness of issuing and managing PAN and to streamline the various platforms and portals involved in PAN services. The … Read more
The cyber landscape is more turbulent than ever. Microsoft recently reported a 2.75-fold increase in ransomware attempts this year, while research predicts that global cyber attacks in 2024 will surge 105% compared to 2020. There is a dire need for more qualified cyber professionals as generative AI is lowering the barrier to entry for attacks. … Read more
The government’s latest project, PAN 2.0, is designed to overhaul the existing PAN/TAN system, enhancing efficiency and convenience for taxpayers. This initiative aims to modernise the procedures linked to Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) services. The primary goal is to expedite, streamline, and fortify the process of taxpayer … Read more
PAN 2.0: The Central government has rolled out PAN 2.0, an upgraded iteration of the Permanent Account Number (PAN) system, aimed at enhancing taxpayer services in the country in line with its Digital India campaign. PAN 2.0 is an electronic governance project that aims to streamline the taxpayer registration process through the use of technology. … Read more
Union Minister Ashwini Vaishnaw on Monday said the Centre will be introducing PAN 2.0, touted as an upgrade to Permanent Account Number (PAN), which serves as a unique taxpayer identification number. PAN 2.0 will be an advanced iteration of the country’s PAN system, aimed at streamlining business and citizen-centric operations. The PAN 2.0 Project is … Read more