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Showing posts from December 18, 2020

Microsoft says it found malicious software in its systems

 Reuters DECEMBER 18, 2020 By  Joseph Menn SAN FRANCISCO (Reuters) -Microsoft Corp said on Thursday it found malicious software in its systems related to a massive hacking campaign disclosed by U.S. officials this week, adding a top technology target to a growing list of attacked government agencies. The Redmond, Washington company is a user of Orion, the widely deployed networking management software from SolarWinds Corp which was used in the suspected Russian attacks on vital U.S. agencies and others. Microsoft also had its own products leveraged to attack victims, said people familiar with the matter. The U.S. National Security Agency issued a rare “cybersecurity advisory” Thursday detailing how certain Microsoft Azure cloud services may have been compromised by hackers and directing users to lock down their systems. “Like other SolarWinds customers, we have been actively looking for indicators of this actor and can confirm that we detected malicious Solar Winds binaries in our envi

WhatsApp will stop working on some iPhones, Android phones in 2021

 The Express Tribune December 16, 2020 Popular messaging app WhatsApp will stop operating on some old Android and iOS smartphones by 2021, the the company announced. WhatsApp will end its support for Android devices and iPhones that are not running on at least iOS 9 or Android 4.0.3 operating systems. To check which operating system your device is currently operating on, iPhone users can simply go to  Settings , click on the  General tab  and press the  Information tab  where they will be presented with the necessary information. Android users can also check which operating system they are using by clicking on the   Settings   option, then  About Phone   tab to find the information. The Facebook-owned app recommends users update their devices with the latest version of the operating system so they can enjoy new features. The company is testing several new features that will be launched for iOS and Android in due course. While QR contact codes, encrypted cloud backups, and multi-device

In 2021, there will be a cyberattack every 11 seconds. Here’s how to protect yourself

 The Print 13 December, 2020 By  MICHAEL PARENT E xperienced outdoor athletes know that with winter rapidly approaching, the secret to success lies in protecting the core. That is, the body’s core temperature through layering, wicking and a host of ever-improving technical fabrics that prevent the cold, snow and ice from affecting performance. The same could be said for cybersecurity. With organizations and workers now in their ninth month of COVID-19, the time has come to prepare as the threat of cyberattacks becomes even more menacing. Cybersecurity experts predict that in 2021, there will be a cyberattack incident every 11 seconds. This is nearly twice what it was in 2019 (every 19 seconds), and four times the rate five years ago (every 40 seconds in 2016). It is expected that cybercrime will cost the global economy $6.1 trillion annually, making it the third-largest economy in the world, right behind those of the United States and China. As the ongoing pandemic has a larger segment

Two Indian firms bag Bangladesh tender to import 1 lakh tonne non-Basmati rice

 Money Control DECEMBER 17, 2020 By  Subramani Mancombu Two Indian firms have bagged global tenders floated by Bangladesh to import one lakh tonnes of parboiled non-Basmati rice to overcome supply shortage and surge in rice prices. “Two Indian firms have won the Bangladesh rice import tenders. While one firm has bagged the first tender, agreeing to sell 50,000 tonnes rice at $405 a tonne, the other firm will offer another 50,000 tonnes at $416,” said Rice Exporters Association (REA) President B V Krishna Rao. Bangla Tribune reported that the Sheikh Hasina Wazed Government’s Cabinet Committee on Government Purchase had last week cleared the purchase through the global tender costing $20.21 million. India’s Rika Global Impex Limited will supply the rice at $404.35, whose per kg landed cost would be Rs 30, with 30,000 tonnes being delivered at Mongla port and the rest at Chittagong. Bangladesh floated two separate tenders on November 16 and 25 to import 50,000 tonnes each of parboiled ric

Air India sale: In their bid, the employee consortium seeks to prove dissenters, and history, wrong

 Money Control DECEMBER 17, 2020 By  PRINCE MATHEWS THOMAS   The employee consortium bidding for Air India has raised curiosity, with many a question that have remained unanswered. It is also up against history, with few similar buyouts of airlines by their employees turning out to be fruitful. The consortium, led by Meenakshi Malik - Air India's Commercial Director -  has manged to get the support of 219 employees. "It's not many, considering that Air India has over 10,000 employees," says a senior official from the industry. It doesn't seem to have the support of pilots and crew. The two pilot unions - Indian Commercial Pilots' Association and Indian Pilots' Guild - advised its members 'not to take part' in the bid, in a letter that was sent out about 10 days before the December 14 deadline for suitors to submit their expressions of interest. "In this regard all pilots are advised NOT TO acknowledge or participate in the process initiated by

RBI’s dollar mopping spree could slow down as US puts India on currency watchlist

 The Print 17 December, 2020 By  MANOJIT SAHA Mumbai:  The US treasury department’s move to place India under the currency manipulator watchlist is likely to create additional headwinds for the Reserve Bank of India (RBI) to shore up the country’s foreign exchange reserves, and also halt the rupee’s sharp appreciation on the back of strong foreign fund inflow. In its report  Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States , the treasury Wednesday said 10 economies — China, Japan, Korea, Germany, Italy, Singapore, Malaysia, Taiwan, Thailand and India — warrant placement on its ‘Monitoring List’, and merit close attention as these countries are suspected to be taking measures to devalue their currencies against the dollar. Moreover, it labelled Switzerland and Vietnam as currency manipulators. The report observed that a number of countries have conducted foreign exchange market intervention in a persistent, one-sided manner that exceeds treasury