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The fiscal year 2016 has proven to be a year of online extortion through various malicious attacks. The ransomware malware has targeted over 180 enterprises so far in 2016, security solutions company Trend Micro has revealed. Ransomware, also called Business Email Compromise (BEC), globally caused companies a loss of a whopping $3 billion, the report said. However, no figure has been provided for losses in India. BEC schemes are scam tactics which compromise business accounts in order to facilitate an unauthorized fund transfer and is considered one of the most...

Microsoft who was the late entrant to the cloud market will finally be known as the overall leader in the software-as-a-service (SaaS) market setting aside Salesforce, albeit by a small margin. Microsoft had a 15 per cent share of worldwide enterprise SaaS revenues and Salesforce 14 per cent in Q2, according to Synergy Research Group. Strangely, Salesforce doesn’t even rank in all the different aspects of SaaS. It holds the dominant position in customer relationship management (CRM), true. Read Also:Ex-Microsoft MD Karan Bajwa To Join IBM Like a lot of...

In a move that will benefit the music entertainment industry, the government has decided to include Internet broadcasting under the purview of the Copyright Act. Under the earlier provisions, ‘broadcasting organizations’ mainly covered radio and television. Now the Department of Industrial Policy and Promotion (DIPP) has brought Internet broadcasting under the ambit of the copyright law which will benefit audio streaming websites such as Saavn and Gaana.com. “The provisions of section 31D (of the Copyright Act, 1957) are not restricted to radio and television broadcasting organizations only, but cover Internet...

Global wireless and networking brand, Linksys has announced the reappointment of Compuage Infocom Limited as its National Distributor in India. According to company officials, Compuage Infocom Limited will be the exclusive India distributor for the Linksys range of products which include wireless/Wi-Fi and networking solutions for Consumer and SMB segments. Headquartered in Mumbai, Compuage Infocom has a pan-India presence with branches across 45 cities and a strong network of more than 10000 partners. Linksys India hopes to strengthen its India presence and reach out to tier 2 and 3 cities...

The first edition of India’s largest conclave on IoT, the IoT India Congress 2016, kick-started its three day congress today at The Lalit, Bangalore. The IoT India Congress 2016 is India’s first completely integrated IoT platform that aims to bring together the key stakeholders across the value chain and verticals to collaborate, ideate and share a common road map for IoT implementation. J S Deepak, Secretary, Ministry of Telecommunications, Government of India, inaugurated the Congress, which was followed by a message from Ravi Shankar Prasad, Minister, Information Technology and Law...

The government has reportedly appointed retired IAS officer and former DEITY Secretary J Satyanarayana as the Chairperson of the Unique Identification Authority of India (UIDAI).Satyanarayana succeeds former Infosys co-founder Nandan Nilekani who was the first chairman and had stepped down from the post in 2014, ETreports. Satyanarayana, a 1977 batch IAS officer of the Andhra Pradesh cadre, has been appointed as a part-time chairperson of UIDAI. The present CEO of UIDAI, Ajay Bhushan Pandey is a serving IAS officer. The government on Tuesday appointed two private persons as the part-time members...

The E-Commerce committee headed by NITI Aayog CEO Amitabh Kant held its first meeting on Monday to discuss issues related with the sector. In the meeting, the Department of Industrial Policy and Promotion (DIPP) and IT body Nasscom gave detailed presentations to the members on fast the growing e-commerce sector, the PTI report published in TOI stated. Last month, the government had set up the committee to look into all issues, including foreign direct investment norms, pertaining to the e-commerce industry. Members in the panel include officials from Ministry of Commerce and...

Global ed-tech company Simplilearn has strengthened its leadership team by the appointment of Ashish Virmani as Vice president – Marketing and Categories. Virmani will focus on driving growth for the business through integrated plans across marketing and category functions. Virmani comes with over 11 years of diversified experience across India’s fastest growing start-ups and established FMCG brands as well. He joins Simplilearn from FreeCharge where he was the Associate Vice President – Marketing. Prior to that, he used to head Offline Marketing initiatives at Flipkart. The appointment is the latest...

Capital Float, one of the largest digital lending platforms to SMEs in India, has partnered with OfBusiness, a B2B e-commerce marketplace, to help small scale Indian manufacturers and traders avail easy funding for expanding their business. Through this partnership, buyers on the OfBusiness platform can leverage Capital Float’s Pay Later product to avail instant funds for procuring industrial materials. This partnership will help in bringing informal borrowers into the mainstream credit ecosystem. Buyers on this platform often face hurdles in obtaining timely finance to operate and expand their business, due...