ChannelTimes

PNB housing finance limited has selected AuthShield as a security installation to safeguard the financial accounts of their customers. Authshield is the innovative product of Innefu Labs, an Information Security Company. With an increase in incidents related to hacking, tightened security around consumer accounts has become a vital must for financial service providers. Recently, PNB signed a deal with AuthSheild Labs, a budding Indian Information Security and R & D organization. E-Mail hacking is an integral part of any hacking attack today and 65 percent of the top hacking attacks...

Software major Tata Consultancy Services (TCS), has reportedly settled an ongoing law suit with Orange County, California. The company has paid USD 26 million to settle the three-year long dispute. The dispute was over a failed replacement to the county’s automated property tax system that initially was to be completed by 2010 but was not delivered. “TCS and Orange County have agreed to settle an ongoing dispute regarding the joint development of a Property Tax Management System. Both parties had asserted claims against each other, but neither admits any liability....

After handset giants Apple has shown interest in selling refurbished mobile phones, Samsung Electronics now reportedly planning to launch a program to sell refurbished used versions of its premium smartphones. Samsung will refurbish high-end phones returned to the company by users who signed up for one-year upgrade programs in markets such as South Korea and the United States, Reuters reports. According to the report, the move is aimed at sustaining earnings momentum after reviving its mobile profits by restructuring its product line-up. As growth in the global smartphone market hits a plateau,...

Domestic handset maker, Micromax Informatics is planning to raise the share of 4G-compatible smartphones to 75 per cent of the entire product range by 2017. The company reportedly is in talks with ‘4G-focused telcos’ to cash on the high-speed data networks surge in the country. “Given our robust 4G strategy in the past few months, we have been able to increase 4G uptake unprecedentedly, and now around 35 per cent of our smartphones are 4G. Going forward, in FY17, 65-75 percent of our smartphones will be 4G-enabled,” Micromax Informatics chief...

Data security breach is an increasingly serious problem for data-intensive industries of all kinds. Recent research shows that 90 per cent of all large organizations—including insurance carriers—suffered cyber security breaches in 2015, up from 81 per cent in 2014. Moreover, cybersecurity breaches are becoming more frequent and more expensive; according to the Ponemon Institute’s latest study on cybersecurity, the average consolidated cost of a data breach grew from USD 3.8 million to USD 4 million. The study also reports that the average cost incurred for each lost or stolen record...

DIGISOL, a Networking brand of Smartlink Networking Systems Ltd., appoints Mandar Joshi as Head - Channel Business. He will be based out of the corporate office in Mumbai and be responsible for DIGISOL’s present portfolio of Active Networking Products, as well as introducing new relevant products under the same. Read Also: DIGISOL launches 300Mbps Wireless Broadband Home Router with 3G/4G Support “I am sure we will benefit immensely from his rich experience and proven success record,” said Arati Naik, COO, DIGISOL. “We believe that his passion for technology will help ensure...

Gionee has taken a step further for consolidating its presence in the Indian market by soon setting up a manufacturing plant in the country, which the company feels, should be operational in 2 years’ time. This manufacturing unit is meant to serve the African and South-East Asian markets as well, other than the expanding Indian market. Investment into this North-India based manufacturing unit is stated to be about INR 500 crore, and Gionee also reveals that INR 400 crore are being pumped in for marketing and branding activities, half of...

Ever since the adoption of IoT devices has increased in managing workforce and connectivity, as many as 94,000 jobs are expected to freeze in India by 2021, says Zinnov in a report. “Internet-of-things technology will impact 120,000 jobs in the country by 2021. 94,000 jobs will be eliminated, and 25,000 jobs will be created in the five-year period,” Hardik Tiwari, engagement lead at Zinnov, according to ET report. Since everything falls under the graph of upward and downward direction, thus the increasing adoption of Internet of Things (IoT) will impact jobs...