Information Technology – The News Desk

Visa Agrees to Acquire Majority Interest in Payments Processor Prosa

16Dec

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Money

Visa Agrees to Acquire Majority Interest in Payments Processor Prosa

Visa entered into an agreement to acquire a majority interest in Prosa, a payments processor in Mexico.The payments-networks company said Prosa will operate as an independent company with its own technology infrastructure under the agreement, while Visa looks to expand Prosa’s product offering with new digital solutions, among other efforts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

X Is Working to Lure Smaller Advertisers as Elon Musk Keeps Alienating Big Brands

8Dec

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Technology

X Is Working to Lure Smaller Advertisers as Elon Musk Keeps Alienating Big Brands

X wants Facebook’s secret weapon: small businesses.The social-media site formerly known as Twitter largely relies on advertising revenue from the world’s largest brands. But since owner Elon Musk alienated some of the biggest spenders, finding a new customer base has become critical.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Govt to enable citizens to file FIR against social media companies

24Nov

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Business

Govt to enable citizens to file FIR against social media companies

The government will assist citizens in filing FIR against social media platforms for violation of IT rules in case they are aggrieved from objectionable content like deep fakes. Minister of State for Electronics and IT Rajeev Chandrasekhar said the Ministry of Electronics and Information Technology (Meity) will develop a platform on which users can notify about IT rule violation by social media platforms. "Meity will assist users to very easily notify it about violation of IT rules and assist them in filing FIRs," the minister said. He was speaking to the media after a meeting with social media platforms. "From today onwards there is zero tolerance for violation of IT rules," Chandrasekhar said. The FIR will be registered against the intermediary and if ...

A Ransomware Gang Wanted Its Victim to Pay Up. So It Went to the SEC.

18Nov

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Money

A Ransomware Gang Wanted Its Victim to Pay Up. So It Went to the SEC.

Nov. 18, 2023 10:00 am ETThe call is coming from inside the hack.A ransomware gang claimed this past week that it broke into the systems of the fintech platform MeridianLink. The breach has been reported to regulators. The company didn’t report it, as new rules will require them to do. The hackers did.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

18Nov

By adminNo Comments

World

A Ransomware Gang Wanted Its Victim to Pay Up. So It Went to the SEC.

Nov. 18, 2023 10:00 am ETThe call is coming from inside the hack.A ransomware gang claimed this past week that it broke into the systems of the fintech platform MeridianLink. The breach has been reported to regulators. The company didn’t report it, as new rules will require them to do. The hackers did.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Singapore Imposes Penalties on DBS for Service Outages

1Nov

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World

Singapore Imposes Penalties on DBS for Service Outages

The Monetary Authority of Singapore won’t allow DBS Bank to acquire new business ventures for six months, one of several penalties imposed for what the central bank described as excessive interruptions to banking services this year.MAS said Wednesday that DBS also won’t be allowed to reduce the size of its branch and ATM networks in Singapore until authorities are satisfied with progress on a remediation plan, and cannot make any changes to IT systems except those pertaining to security, regulatory compliance and risk management for six months.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Federal Cyber Chief Tells Agencies to Tap Brakes on AI

18Oct

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World

Federal Cyber Chief Tells Agencies to Tap Brakes on AI

Oct. 18, 2023 5:30 am ET|WSJ ProWASHINGTON, D.C.—Federal agencies have pitched more than 1,000 use cases for generative artificial intelligence, but the U.S. government’s cybersecurity chief wants risks associated with the technology properly addressed before they can press ahead.Generative AI tools such as OpenAI’s ChatGPT and Google’s Bard have piqued the interest of companies and government agencies alike, for their ability to parse large data sets and answer conversational queries. But as with any technology on government radar, caution is in order, said Chris DeRusha, federal chief information security officer at the Office of Management and Budget, speaking at a FAIR Institute conference of cybersecurity and risk managers.Copyright ©2023 Dow Jones & Company, Inc. All Rights Rese...

How Much Cybersecurity Expertise Do Boards Really Have?

25Sep

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World

How Much Cybersecurity Expertise Do Boards Really Have?

The number of directors at S&P 500 companies who have cybersecurity experience has increased sharply since last year. But the amount of cybersecurity expertise on boards remains relatively low, at a time when boards are under increased scrutiny for security failings. As of Aug. 31, 107 directors at 113 companies had professional experience in cybersecurity, according to research conducted by WSJ Pro Research. Together, those directors held a total of 124 S&P 500 board seats and represented 2.3% of the directors on the boards of companies in the index. This same research conducted last November found 86 directors at 91 companies held 100 board seats. The increase was probably driven mainly by a growing awareness among companies that cybersecurity is core to their long...