TRENDS
Taming the Wild West of illegal online gambling in India
These betting platforms flout existing regulations, clearly evading direct and indirect tax laws and multiple other applicable laws of the land. Vulnerable users have fallen into the web and are getting trapped in debts
BUSINESS
Fool me once – Learning from the UCO Bank IMPS glitch
Incidents like the wrongful crediting of hundreds of crores of rupees into accounts of UCO Bank account holders, a part of which is looking difficult to recover now, are condemned to repeat unless public sector banks do a better job of managing technological challenges
BUSINESS
Digital India Act: Here’s how it should fix India’s cybersecurity weaknesses
Amid regular reports of government and large private sector systems falling prey to serious cyberattacks and data breaches, the DIA must be accompanied by a strong triad of laws safeguarding privacy, data protection and cybersecurity. The last must lead to data sharing frameworks between institutions, voluntary reporting of vulnerabilities, bigger budgets, and a large cadre of cybersecurity professionals
