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News on Medial
Mailing that Form 16 to yourself? It could trigger a corporate fraud alert
Livemint
·
1m ago
Medial
The rise in sophisticated corporate frauds, such as spoofed emails and KYC scams, is pushing Indian companies to boost defenses using legal counsel and AI. White-collar crimes have surged by 50-70% in sectors like financial services, leading firms to tighten internal controls and remain vigilant against anomalies. Companies increasingly disclose potential issues to leverage the confidentiality of the lawyer-client relationship while strengthening compliance amid tech-enabled fraud risks and remote work vulnerabilities.
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Impersonation fraud: One phone call and your bank account, personal identity all gone; learn how to identify it and be safe - The Economic Times
Economic Times
·
2m ago
Medial
Impersonation fraud is a growing threat where scammers pose as authority figures, like bank officials or tech support, creating urgency to steal personal information and money. They manipulate victims using trust and fear, often employing spoofing tactics for authenticity. To protect yourself, hang up immediately on suspicious calls, avoid sharing personal details, verify with institutions directly using official numbers, and use call-blocking features. Staying alert and skeptical is crucial for prevention.
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Acquisition By Bank Or NBFC Best Scenario For Paytm: Bernstein
Inc42
·
1y ago
Medial
Paytm could potentially form a partnership with banks to leverage its customer base and cross-sell non-bank products, according to Bernstein. The investment from a major corporate house would help Paytm revive its business and withstand regulatory challenges. Bernstein also predicted that Paytm is on track to achieve profitability by the fiscal year 2027.
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A looming threat to bitcoin: The risk of a quantum hack
Livemint
·
8m ago
Medial
Quantum computing poses a long-term risk to bitcoin as it could enable hackers to break the encryption that keeps bitcoin secure. While a quantum-powered attack on bitcoin is likely at least a decade away, experts warn that it could cause over $3 trillion in losses and trigger a deep recession. Bitcoin's decentralized nature makes it challenging to upgrade its technology to withstand quantum attacks. The entire bitcoin network's security would be compromised, and existing bitcoins would need to be transferred to quantum-resistant addresses to mitigate the risk.
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Banks can flag fraud despite IBC shield: NCLT
Economic Times
·
1m ago
Medial
The National Company Law Tribunal (NCLT) clarified that a moratorium under the Insolvency & Bankruptcy Code (IBC) doesn't stop banks from labeling accounts as fraudulent, a decision it views as an administrative action. This ruling, involving Rolta India and the Bank of India, highlights that fraud identification and the Corporate Insolvency Resolution Process (CIRP) are separate matters. The tribunal emphasized bank discretion in fraud classification, impacting future litigation strategies and regulatory approaches.
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Android 16 could come with iPhone like dynamic island notifications
Livemint
·
10m ago
Medial
Google is reportedly planning to introduce new features with its upcoming Android 16 update. Taking inspiration from OEMs like OnePlus and Infinix, Google may adopt key notification elements similar to Apple's Dynamic Island. The update is said to enable apps to create Rich Ongoing Notifications, allowing them to display "chips" in the status bar instead of just icons. Tapping on these notification chips could potentially trigger app-provided dialogue boxes displaying more information or allowing quick actions. The feature is still in its initial stages and could undergo changes before the expected release in 2025.
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Meta, Govt Roll Out Initiative Against Online Scams
Inc42
·
10m ago
Medial
Meta, the parent company of social media giant Facebook, has partnered with the Centre to launch a two-month safety campaign titled "Scams se Bacho" (Save yourself from scams) in India. The campaign aims to raise awareness about online scams and provide guidance on how to stay safe online. It supports the government's efforts to combat the increasing cases of scams and cyber fraud in the country. This initiative comes in conjunction with Amazon's digital campaign, #AapkeHittMeJaari, which educates customers on staying vigilant against cyber fraud and scams through YouTube Shorts.
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Fraudsters target SBI customers in mobile number change fraud; bank asks customers to stay alert - The Economic Times
Economic Times
·
3d ago
Medial
The State Bank of India (SBI) has issued an alert regarding a fraud targeting pensioners, where scammers attempt to replace customers' registered mobile numbers to intercept banking alerts. Posing as bank officials, fraudsters seek sensitive information by promising faster Pension Payment Order (PPO) processing or threatening pension blockage. SBI advises customers to be cautious, avoid sharing personal details, verify app authenticity, and report suspicious activities to safeguard their accounts and prevent cyber fraud.
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Peak XV launches Spark 03 fellowship for female founders
Inshorts
·
1y ago
Medial
Spark, Peak XV's fellowship for female founders, has launched its latest cohort with 16 female founders from 14 companies. Four are building AI solutions in travel, fraud detection, wholesale trade, and ecommerce. Another four are focused on healthcare, and the rest are building SaaS, B2B, and consumer businesses. It is a four-month-long programme that includes a $100,000 equity-free grant.
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Prepare for the #motivational doom scroll — LinkedIn is trialing TikTok-style short videos
Business Insider
·
1y ago
Medial
LinkedIn is reportedly testing a short-form video feature, similar to YouTube Shorts and TikTok, as the platform joins the trend of investing in infinite scrolling. The Microsoft-owned company confirmed the experiment, with a user posting about the videos. The short clips, shot in the 9:16 aspect ratio, appear to be regular LinkedIn posts presented differently. If LinkedIn rolls out this feature widely, it would join various other popular social media platforms that have embraced short-form video content. However, concerns about addiction and negative mental health effects have been raised regarding infinite scrolling.
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Apple Inc to challenge latest EU crackdown on big tech dominance
Livemint
·
1y ago
Medial
Apple Inc. plans to contest the European Union's Digital Markets Act, starting with an appeal against the inclusion of the entire App Store in the bloc's digital antitrust list. Apple also intends to argue against subjecting iMessage to closer regulatory scrutiny. While the appeal is still in draft form, the company has until November 16 to file it with the EU's General Court. This move could result in another legal battle between Apple and the EU, following ongoing disputes over unpaid taxes and antitrust investigations.
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