HENCY R SHAH AND ASSOCIATES

“Massive Cyber Attack Targets 12,000 Indian Government Websites: National Security at Risk” A hacking group known as “Hacktivist Indonesia” has announced its intention to target 12,000 Indian government websites in the near future. The Ministry of Home Affairs’ Indian Cybercrime Coordination Centre (I4C) has circulated an alert to all agencies, Central and State government wings, stating that the group has circulated a list of websites they plan to attack. While authorities have noted that the hackers could be operating within or outside the country, the location or origin of ‘Hacktivist Indonesia’ remains unknown. The group has been linked to cyber attacks in Sweden, Israel and the US. However, the Indian government has reassured the public that its websites are “updated” and “capable” of handling such threats, and the alert was circulated on the basis of inputs received by its Cyber Threat Intelligence wing following open-source intelligence. The list reportedly includes thousands of...

  Drinik Malware Now Targets 18 Indian Banks   A new upgraded variant of Drinik Android trojan is targeting 18 Indian banks and stealing personal and bank account information from the victims.  Drinik has been circulating in India and operating as an SMS stealer since 2016,   The new campaign Drinik is impersonating the Income Tax Department of India and targeting potential victims across 18 Indian banks to steal their income tax credentials. The latest variant of the malware, found in August, is being distributed as an APK file (iAssist.apk) that is integrated into the iAssist app for Android. It lures victims to claim an instant tax refund, tricking them into submitting personal details such as full name, Aadhar number, PAN number, and financial information. The phishing scam is targeting 18 Indian banks, including the State Bank of India by abusing Accessibility Service. This way, it obtains the necessary ...

EVOLUTION OF BANKING Financial services keep experiencing a large upheaval as digital transformation is rolled out in the sector at a dramatic rate. By 2030, the ordinary banking experience can be virtually virtual with extra than billion human beings having digital economic group money owed on digital systems. But in most cases, that level of digital transformation remains a chunk in improvement on the equal time as customers continuously adjust to a surprising array of the new digital era which may be being stepped forward through constant innovation, developing new behaviors, and developing their expectations.   For global banks, this creates a series of complex disturbing conditions and opportunities as they calibrate and re-calibrate their digital providing in several regions of the sector, wherein the pace of digital transformation movements at quite precise speeds. Meanwhile the branch networks of retail banks in masses of countrywide markets are shrinking inexorab...