LIFE


There was a lot of media coverage on 30 November 2023, on the death of Charles Munger, the alter ego and foil of Warren Buffett for over 60 years, as they together built Berkshire Hathaway into an empire. Though many of us always heard about Mr Buffett, the name of Mr Munger hardly featured...

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IANS 25 January 2024
Cybersecurity researchers have warned that a database containing over 26 billion leaked data records has been discovered, which include users' data from LinkedIn, X (formerly Twitter), Snapchat, Weibo, Tencent, and other major platforms.   The researchers referred to this massive data...

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IANS 23 January 2024
Several users of online financial services platform Groww on Tuesday experienced an hour-long outage, leaving them unable to login and some even asked for compensation.   While some of them demanded compensation, Groww posted on X that it was resolving a technical issue.   "We...

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IANS 22 January 2024
Fin-tech platform Razorpay POS on Monday launched an industry-first 'instant refunds' feature on failed unified payments interface (UPI) transactions in the country.   The solution by Razorpay POS will provide instant refunds for failed UPI transactions within two minutes, as against...

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IANS 22 January 2024
Global delivery firm DPD has disabled part of its artificial intelligence (AI) chatbot for online support that swore at a customer, and criticised the delivery company.   The parcel delivery firm uses AI chatbot to answer customer queries.   When musician Ashley Beauchamp...

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IANS 22 January 2024
To comply with the Digital Markets Act (DMA) in the European Union (EU), Meta on Monday announced that the users will be able to unlink their Instagram and Facebook accounts as well as other services.   The Mark Zuckerberg-run company said that it is offering more choices to people...

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Some security measures are just plain silly.   Please don’t get me wrong – I am as concerned about security as the next chap. I support, very strongly, all procedures taken to keep me, my dear ones, my surroundings and my money safe from the grasp of any genuine...

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Last month, a 70-year-old senior journalist from Bengaluru received a call on WhatsApp informing her about a parcel being sent from Mumbai to Taiwan in her name that contained 240 grams of MDMA (drug), credit cards and passports. When she denied it, the caller said that her Aadhaar was being...

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Moneylife Digital Team 18 January 2024
Due to a vulnerability or security bug, the website of the Union ministry of corporate affairs (MCA) leaked the personal data of Ratan Tata, Mukesh Ambani, Gautam Adani, Virat Kohli, Shah Rukh Khan and lakhs of other directors of companies, alleges a security expert. Sai Krishna Kothapalli,...

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Craig Silverman  and   Peter Elkind (ProPublica) 18 January 2024
This story was originally published by ProPublica.   Scammers have duped consumers out of more than $1 billion by exploiting Walmart’s lax security. The company has resisted taking responsibility while breaking promises to regulators and skimping on training.   Christy Browne...

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IANS 17 January 2024
Google has updated Chrome's incognito mode disclaimer in the experimental Canary channel after it agreed to pay US$5bn (billion) for settlement over tracking users’ activity in incognito mode.   As spotted by MSPowerUser, the updated Incognito pages are live in the Canary version of...

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IANS 15 January 2024
Iconic cricketer Sachin Tendulkar has become the latest celebrity to fall victim to a deepfake video.   On Monday, Tendulkar took to the micro-blogging site X, informing that his deepfake video promoting a gaming application is circulating on social media platforms.   “These...

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IANS 15 January 2024
The RBI on Monday released a 'draft framework for recognising Self-Regulatory Organisations (SRO) for FinTech Sector', laying down the characteristics of a FinTech SRO, and includes the required functions and governance standards.   FinTechs are significantly reshaping the landscape...

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Moneylife Digital Team 15 January 2024
Updated at 6pm on 15 January 2024 to incorporate a joint statement from Alkem Laboratories and Check Point Software Technologies Alkem Laboratories has reported a cyber security incident that resulted in a transfer of funds of around Rs52 crore from the company. The incident happened...

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Unless tackled on a war footing, with awareness-building, a crackdown on crime hubs across India, and statutory and regulatory changes, the alarming rise in cybercrime could derail the phenomenal achievements of the fin-tech world in facilitating super-fast financial services. Cybercrime,...

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Last month, the national consumer disputes redressal commission (NCDRC) directed HDFC Bank Ltd to refund Rs24,000 with an interest of 7%pa (per annum) and pay Rs10,000 litigation cost to a customer whose credit card was used for fraudulent transactions at midnight. What stands out in this...

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In standard books on the theory of selling, there would be three seemingly innocuous directions, lost in the vast verbiage of a standard text, under the chapter on closing the sale. These are a) never be insulted by a refusal; b) never write off a customer; and c) never give up. It seems so...

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Akshay Naik 12 January 2024
Scientists have now pinpointed how dietary restrictions not only influence the digestive system, but also significantly impact brain ageing, offering potential therapeutic targets for age-related neuro-degenerative diseases.    Restricting calories is known to improve health and...

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TruthInAdvertising.org 09 January 2024
A cruise that offered passengers “the adventure of a lifetime” – a three-year voyage around the world with stops at the Great Wall of China, Machu Picchu and the Taj Mahal, among other bucket list destinations – was abruptly cancelled weeks before it was scheduled to set sail. Now, consumers...

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Rakesh Chandra, a recently retired officer from the Indian Forest Service (IFS), received a call from someone claiming to be an officer from the treasury department. During the call, Mr Chandra shared all his banking details with the caller. When he eventually realised it was a fraud call, Mr...

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