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'Yes Bank' registers a complaint against fake news, alleging it of frightening investors


Yes, Bank filed a police complaint against fake news stating that misinformation was posted on social media concerning the bank's finance. The complaint was filed at Mumbai Police's Cyber cell when the investors withdrew their shares, and the capitals at the stock market hit a downfall. The bank's police complaint says that the fake news was scaring away its investors and depositors.



The rise of mobile internet in India has resulted in social tremors, with users falling prey to false information. Due to the lack of digital literacy, people are easily exposed to Fake News.

One of the biggest reasons is that fake news is usually engaging, and frightening which drives people to share them in a flash. It intends to create chaos among the general public. For a few days, some perpetrators are circulating fake news and ill-disposed falsehoods about Yes Bank on social networking sites and WhatsApp to generate fright among the bank's clients. The information seeks to present the bank in bad standing and is aimed to defame the bank's image among its clients, shareholders, and society.

"Yes Bank filed a charge by Mumbai Police and Cyber Cell on the propagation of fake news and advertising of lies about the bank's economic status on different social media platforms such as WhatsApp," said the bank in its report. The bank also asked the authorities to establish a committee of specialists to look over the issue of rumor-mongering and find the convict guilty of spreading fake news over social media platforms, they also requested the experts to find the origin of the fake news.

The bank requests its stakeholders and investors to be aware of false information. 'We assure our client that Yes Bank's financial standing is safe and reliable and would continue to be the same for a long time,' it says. It is no doubt that since the last few years, fake news has become a threat to Indian democracy and the people of India. Misinformation that is aggressively spread or shared through social media platforms causes chaos and distress among the public.

Income Tax Dept alerts taxpayers of phishing mails by fraudsters




The Income Tax department of India has alerted the taxpayers about a phishing email asking them to verify their tax return even though they have e-verified it.

A taxpayer Anika Gupta, received an email from a suspicious email ID, asking her to e-verify her return, while she had already e-verified her ITR through OTP generated by the Aadhaar card.

The email claiming to be from the Income Tax (I-T) Department, it read, “Hello anxxxxx@xxail.com, Income Tax Return for the Assessment Year 2019-2020 has been successfully filed. After Submission, It is mandatory for Tax Payers to e-Verify the Income Tax Return using various verification methods. For your Income Tax Return, e-verification is not d………..read more”

The mail contains three malicious links with the texts ‘read more’, ‘see here’, ‘pending’ and ‘click here’.

Soon after receiving the mail, Gupta alerted the matter to the grievance section of the I-T Department.

The I-T Department alerted the taxpayers by saying, “Income Tax Department never asks PIN, OTP, Password or similar access information for credit/debit cards, banks or other financial account-related information through e-mail, SMS or phone calls. Taxpayers are cautioned not to respond to such e-mails, SMS or phone calls and not to share personal or financial information.”

The I-T department also requests the user to carefully “Check the domain name. Fake emails will have misspelled or incorrect sounding variants of Income Tax Department web sites and will have incorrect email header.”

The Department further said, “In case if you have received such phishing / suspicious mail – do not open any attachments as it may contain malicious code. Do not click any links. Even if you have clicked on links inadvertently, then do not enter personal or financial information such as bank account, credit/debit/ATM card, income tax details, etc.”

Banning Crypto Could Lead To The Indian Market Plummeting By Billions?




Crypto-currency if banned in India could lead to the Indian market going down by an approximate amount of $13 Billion, experts say.

An analysis of the revenues that companies could generate if crypto-currency were legalized was made by the experts, which also had a premise of Indian-founded crypto-companies.

Per the sources, the analysis reflected that “as part of their total estimated revenue” in India companies could’ve generated $4.9 billion as on crypto-white papers, $2.1 billion from expert blockchain coders, $1.27 billion from content creators and $4.5 billion from miscellaneous jobs.

According to the experts it sure is quite a herculean and next to impossible task for India to ban the crypto-currency on such a mass level and they’d end up regulating it.

The government of India is on the task of banning and is deliberating it with quite some thought. It also is considering imposing sanctions on any crypto related dealings.

The government still has quite a detailed and elaborate reviewing to go through before they draft a proper legislation.

Despite all the reports and analysis displayed by the experts the government has quite a strong will to go with the drafting of the bill that bans the crypto-currency and associated dealings.

Researchers found Third-Party costs the Healthcare Industry $23.7 Billion a Year






The average cost of a data breach has increased to 12% over the past five years to US$3.92 million, according to a report sponsored by tech giant IBM.

The report released by Censinet and the Ponemon Institute which was funded by IBM, conducted research on more than 500 companies around the world that suffered a breach over the past year.

According to the report, 72 percent of respondents believe that the increasing dependence on third party medical devices to the network is most risky, while 68 percent say connecting medical devices to the internet increases the risk of cyberattack. 

“This research confirms that healthcare providers require a better, more cost-effective approach to third-party risk management,” said Ed Gaudet, CEO, and founder of Censinet. “The adoption of technology in healthcare is more rapid and complicated than ever before. As an industry, we must help providers safely enable cloud applications and medical devices optimized to deliver the quality of care hospitals and their patients expect.”

In India, on an average, 35,636 records were compromised in a data breach, and cost ₹12.8 crore to organizations from July 2018 and April 2019,


“It’s clear that healthcare providers are in a tough spot. The number of vendors they rely on is increasing at the same time the threats those vendors pose are escalating in frequency and severity, so it’s easy to see how managing these risks has become an overwhelming problem,” said Dr. Ponemon, chairman and founder of the Ponemon Institute. “But it’s not all bad news – we can very clearly see an opportunity with automation for healthcare providers to monitor, measure, and mitigate the scourge of third-party breaches that continues to plague their industry.”

Cybercrime goes out of control in India



Phishing, data theft, identity theft, online lottery, cyber attacks, job frauds, banking frauds, cyberbullying, online blackmailing, morphing, revenge porn, cyber hacking, child pornography, cyber grooming, cyberstalking, data diddling, software piracy, online radicalisation — the dark web of cybercrimes is spreading across the world and India is one of the hotspots of this digital crime.

With increasing mobile coverage and cheaper data, more and more Indians now access the internet even while on the move. This has exposed unsuspecting ones to fall prey to online fraudsters. Many become victims of sexual exploitation after being made to share personal details while some others use the new media like WhatsApp to spread fake news to create trouble for political and other gains. There have been several lynching incidents in the country in the past couple of years after fake messages about child lifting and cow slaughter were spread through social media.

In spite of an alarming rise in cybercrime in the country, the most recent Government statistics available on this is from 2016. Cybercrimes touched 12,317 cases in 2016 which was an increase from 9,622 reported in 2014. The National Crimes Record Bureau is yet to release the statistics for 2017 and 2018.

The data available is just a tip of the iceberg and the numbers might be much more, says a senior government official. “Many even do not report loss of money or honour out of shame. Many cannot even tell their families that they have lost money in online frauds,” the official said.

Officials say the problem is that common people are not aware of the risks involved while dealing with the internet. Many are unaware, they say, and exercise no caution while using the net. They click unwanted links, unknowingly give the cyber fraudster their personal details and get cheated.

Looking For a Free VPN Service That’s Not Too Messy? Here’s All You Need To Know About TunSafe VPN Service

Not sure how to browse the internet safely away from the claws of hackers and cyber-cons? Not sure how to maintain cyber privacy?

TunSafe VPN is a solution to many such problems. It’s a free VPN service which aids people to connect with websites and social networks without revealing the channel.

It has been essentially developed and includes fresh features and better provisions.

The very high performing VPN follows the WireGuard protocol which enables it to help setup the secure VPN channels swiftly betwixt different platforms.

By way of the latest and most fresh cryptography-Curve25519, ChaCha20, Poly1305, BLAKE2 and HKDF, TunSafe ensures that no third-party hinder the user’s privacy.

All you need is simple configuration files which is specifically provided by the VPN provider..

For Downloading:


1. Go to https://tunsafe.com/
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3. Finally close it.
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5. Click on connect.

6. The above is what will appear after that. This is the main window of TunSafe.

7. Drag the configuration file from the VPN provider onto Tunsafe’s window.

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For more details check www.tunsafe.com

Google and Apple removes TikTok from App Stores in India




Google and Apple has removed the Chinese video app Tiktok from their App Stores, a day after Indian Government urged the companies to do so. 

India’s Ministry of Electronics and Information Technology (MeitY) requested the companies to block the app after the  state court ordered to ban access of the app as questions regarding its usage were raised. It was noted that people were using it for pornographic purposes and exploiting children.

According to  analytics firm Sensor Tower, TikTok had the highest number of users in India, and 75% of them were women. It has been downloaded more than 230 million times. 

However, a TikTok representative said that he “faith in the Indian judicial system.” The company hopes that they would be able to lift the ban and would come stronger than before, “We are optimistic about an outcome that would be well received by over 120 million monthly active users in India.”

The app has already banned in Bangladesh and had faced largest ever fine in the United States for illegaly collecting informations on children. 

TikTok users in India who had previously downloaded the app on their phones were still able to use the service on Wednesday.

TikTok's official statement: ’’At TikTok, we have faith in the Indian Judicial system and the stipulations afforded to social media platforms by the Information Technology (Intermediaries Guidelines) Rules, 2011. We are committed to continuously enhancing our existing measures and introducing additional technical and moderation processes as part of our ongoing commitment to our users in India.’’

‘’In line with this, we have been stepping up efforts to take down objectionable content. To date, we have removed over 6 million videos that violated our Terms of Use and Community Guidelines, following an exhaustive review of content generated by our users in India."




76 percent Indian companies were hit by cyber attacks in 2018





A survey conducted by a UK-based IT security provider Sophos has found out that over 76 percent Indian companies were hit by cyber attacks in 2018.

India stands at third spot of highest number of cyber attacks in 2018 after Mexico and France. Meanwhile, 68 percent organizations in the world admitted of being a victim of the cyber attacks last year.

Managing director sales at Sophos India & SAARC, Sunil Sharma  told Business Today,  "In India, most of the attacks are happening where the money is, which means the financial services, oil and gas and energy sectors. These are the places where cyber-criminal can make most of his money and they are hit most by them."

The survey was carried out in 12 countries which includes US, Canada, Mexico, Colombia, Brazil, the UK, France, Germany, Australia, Japan, India and South Africa, and there were about  3,000 IT decision-makers from mid-sized businesses.

"Server security stakes are at an all-time high with servers being used to store financial, employee, proprietary and other sensitive data. Today, IT managers need to focus on protecting business-critical servers to stop cyber criminals from getting on to the network," Sharma further added.

"They can't ignore endpoints because most cyber attacks start there, yet a higher than expected amount of IT managers still can't identify how threats are getting into the system and when."

The survey report reveals that in India, 39 percent of the cybercrimals are detected at the server, 35 percent are on the network, and 8 per cent are found on endpoints.

"It has been found that the visibility is not there. We don't know what kind of attack. We don't know how many modes it has actually traveled. We don't know how the attack is damaging, which are the endpoints, where it has actually made damage. All that visibility is not available and it is also not helping them to take right decisions," Sharma said.

According to the survey report,  97 per cent IT managers admitted that cyber security is the greatest challenge in India.