Companies require a Valid license for the Import of laptops & tablets
Introduction
Recently the Indian Government banned the import of Laptops and tablets in India under the computers of HSN 8471. According to the notification of the government, Directorate General of foreign trade, there will be restrictions on the import of Laptops, tablets, and other electronic items from 1st November 2023. The government advised the Domestic companies to apply for the license within three months. As the process is simple, and many local companies have already applied for the license. The government will require a valid license for the import of laptops and other electronic items.
The Government imposed restrictions on the Import of Laptops & other electronic products
The DGFT (The directorate General of foreign trade) imposed restrictions on the import of electronic items in India. And, there has been the final date has also been given that the companies only have 3 months to apply for a valid license, from November 1st 2023there will be a requirement for a valid license for the import, and there will be a proper ban on the import of laptops & tablets, and other electronic items. The ban is on the HSN-8471. These are the products that indicate that they are taxable. It is a classification code to identify the taxable items. India has sufficient capacity and capability to manufacture their own IT hardware devices and boost production.
The government has notified production linked incentive, PLI Scheme 2.0, for the IT devices, which will soon be disclosed, and the scheme is expected to lead to a total of 29 thousand crore rupees worth of IT hardware nearly. And this will create future job opportunities in the five to six years.
The pros & cons of the import
Banning import has two sides. The positive one is that, it will promote the domestic manufacturers, local companies will able to grow, and there will be job opportunities, but if we talk about the negative side of the import, then the prices will be high for the consumers. One aspect is making India’s digital infrastructure stable, and the other side is affecting consumers.
Reasons Behind the ban on the Import of electronic items
There are the following reasons behind the ban on the Import of laptops and tablets,
- The primary reason why the government banned the import of laptops and other electronic items is because of security concerns about the data. And to prevent data theft a step has been taken by the Government.
- The banning will help the domestic manufacturer to grow and will provide opportunities to the local companies in India.
- It will help in the creation of Job vacancies in the country.
- There will be a curb down of selling of Chinese products.
The government will promote the digital infrastructure of India by putting a ban on imports. Such as there are domestic companies like Reliance recently launched a laptop by the name of Jio Book, and there is a company that sells the cheapest tablet called Aakash, so the import ban will promote these types of electronic items of the local companies. This step will soon result in digital advancement in India.
Conclusion
The laptop, tablets, and other electronic products that have been banned in India will make a substantial move with the implications. The objective of the ban is to encourage domestic manufacturing and to secure the data, however, it will also affect the consumers which can not be ignored. The other future effects are yet to be seen. But the one scenario is clear, that the policy will significantly make a change in India’s Technology industry.
Related Blogs
Introduction
Meta is the leader in social media platforms and has been successful in having a widespread network of users and services across global cyberspace. The corporate house has been responsible for revolutionizing messaging and connectivity since 2004. The platform has brought people closer together in terms of connectivity, however, being one of the most popular platforms is an issue as well. Popular platforms are mostly used by cyber criminals to gain unauthorised data or create chatrooms to maintain anonymity and prevent tracking. These bad actors often operate under fake names or accounts so that they are not caught. The platforms like Facebook and Instagram have been often in the headlines as portals where cybercriminals were operating and committing crimes.
To keep the data of the netizen safe and secure Paytm under first of its kind service is offering customers protection against cyber fraud through an insurance policy available for fraudulent mobile transactions up to Rs 10,000 for a premium of Rs 30. The cover ‘Paytm Payment Protect’ is provided through a group insurance policy issued by HDFC Ergo. The company said that the plan is being offered to increase the trust in digital payments, which will push up adoption.
Meta’s Cybersecurity
Meta has one of the best cyber security in the world but that diest mean that it cannot be breached. The social media giant is the most vulnerable platform in cases of data breaches as various third parties are also involved. As seen the in the case of Cambridge Analytica, a huge chunk of user data was available to influence the users in terms of elections. Meta needs to be ahead of the curve to have a safe and secure platform, for this Meta has deployed various AI and ML driven crawlers and software which work o keeping the platform safe for its users and simultaneously figure out which accounts may be used by bad actors and further removes the criminal accounts. The same is also supported by the keen participation of the user in terms of the reporting mechanism. Meta-Cyber provides visibility of all OT activities, observes continuously the PLC and SCADA for changes and configuration, and checks the authorization and its levels. Meta is also running various penetration and bug bounty programs to reduce vulnerabilities in their systems and applications, these testers are paid heavily depending upon the scope of the vulnerability they found.
CyberRoot Risk Investigation
Social media giant Meta has taken down over 40 accounts operated by an Indian firm CyberRoot Risk Analysis, allegedly involved in hack-for-hire services along with this Meta has taken down 900 fraudulently run accounts, these accounts are said to be operated from China by an unknown entity. CyberRoot Risk Analysis was responsible for sharing malware over the platform and used it to impersonate themselves just as their targets, i.e lawyers, doctors, entrepreneurs, and industries like – cosmetic surgery, real estate, investment firms, pharmaceutical, private equity firms, and environmental and anti-corruption activists. They would get in touch with such personalities and then share malware hidden in files which would often lead to data breaches subsequently leading to different types of cybercrimes.
Meta and its team is working tirelessly to eradicate the influence of such bad actors from their platforms, use of AI and Ml based tools have increased exponentially.
Paytm CyberFraud Cover
Paytm is offering customers protection against cyber fraud through an insurance policy available for fraudulent mobile transactions up to Rs 10,000 for a premium of Rs 30. The cover ‘Paytm Payment Protect’ is provided through a group insurance policy issued by HDFC Ergo. The company said that the plan is being offered to increase the trust in digital payments, which will push up adoption. The insurance cover protects transactions made through UPI across all apps and wallets. The insurance coverage has been obtained by One97 Communications, which operates under the Paytm brand.
The exponential increase in the use of digital payments during the pandemic has made more people susceptible to cyber fraud. While UPI has all the digital safeguards in place, most UPI-related frauds are undertaken by confidence tricksters who get their victims to authorise a transaction by passing collect requests as payments. There are also many fraudsters collecting payments by pretending to be merchants. These types of frauds have resulted in a loss of more than Rs 63 crores in the previous financial year. The issue of data insurance is new to India but is indeed the need of the hour, majority of netizens are unaware of the value of their data and hence remain ignorant towards data protection, such steps will result in safer data management and protection mechanisms, thus safeguarding the Indian cyberspace.
Conclusion
cyberspace is at a critical juncture in terms of data protection and privacy, with new legislation coming out on the same we can expect new and stronger policies to prevent cybercrimes and cyber-attacks. The efforts by tech giants like Meta need to gain more speed in terms of the efficiency of cyber safety of the platform and the user to make sure that the future of the platforms remains secured strongly. The concept of data insurance needs to be shared with netizens to increase awareness about the subject. The initiative by Paytm will be a monumental initiative as this will encourage more platforms and banks to commit towards coverage for cyber crimes. With the increasing cases of cybercrimes, such financial coverage has come as a light of hope and security for the netizens.
Introduction
Ransomware is one of the serious cyber threats as it causes consequences such as financial losses, data loss, and reputation damage. Recently in 2023, a new ransomware called Akira ransomware emerged or surfaced. It has targeted and affected various enterprises or industries, such as BSFI, Construction, Education, Healthcare, Manufacturing, real estate and consulting, primarily based in the United States. Akira ransomware has targeted industries by exploiting the double-extortion technique by exfiltrating and encrypting sensitive data and imposing the threat on victims to leak or sell the data on the dark web if the ransom is not paid. The Akira ransomware gang has extorted a ransom ranging from $200,000 to millions of dollars.
Uncovering the Akira Ransomware operations and their targets
Akira ransomware gang has gained unauthorised access to computer systems by using sophisticated encryption algorithms to encrypt the Data. When such an encryption process is completed, the affected device or network will not be able to access its files or use its data.
The affected files by Akira ransomware showed the extension named “.akira”, and the file’s icon shows blank white pages. The Akira ransomware has developed a data leak site so as to extort victims. And it has also used the ransom note named “akira_readme.txt”.
Akira ransomware steeled the corporate data of various organisations, which the Akira ransomware gang used as leverage while threatening the affected organisation with high ransom demands. Akira Ransomware gang threaten the victims to leak their sensitive data or corporate data in the public domain if the demanded ransom amount is not paid. Akira ransomware gang has leaked the data of four organisations and the size ranges from 5.9GB to 259 GB of data leakage.
Akira Ransomware gang communicating with Victims
The Akira ransomware has provided a unique negotiation password to each victim to initiate communication. Where the ransomware gang deployed a chat system for the purpose of negotiation and demanding ransom from the affected organisations. They have deployed a ransom note as akira_readme.txt so as to provide information as to how they have affected the victim’s files or data along with links to the Akira data leak site and negotiation site.
How Akira Ransomware is different from Pegasus Spyware
Pegasus, developed in the year 2011, belongs to one of the most powerful family of spyware. Once it has infected, it can spear your phone and your text messages or emails. It has the ability to turn your phone into a surveillance device, from copying your messages to harvesting your photos and recording calls. In fact, it has the ability to record you through your phone camera or record your conversation by using your microphone, it also has the ability to track your pinpoint location. In contrast, newly Akira ransomware affects encrypting your files and preventing access to your Data and then asking for ransom n the pretext of leaking your data or for decryption.
How to recover from malware attacks
If affected by such type of malware attack, you can use anti-malware tools such as SpyHunter 5 or Malwarebytes to scan your system. These are the security software which can scan your system and remove suspicious malware files and entries. If you are unable to perform the scan or antivirus in normal mode due to malware in your system, you can use it in Safe Mode. And try to find a relevant decryptor which can help you to recover your files. Do not fall into a ransomware gang’s trap because there is no guarantee that they will help you to recover or will not leak your data after paying the ransom amount.
Best practices to be safe from such ransomware attacks
Conclusion
The Akira ransomware operation poses serious threats to various organisations worldwide. There is a high need to employ robust cybersecurity measures to safeguard networks and sensitive data. Organisations must ensure to keep their software system updated and backed up to a secure network on a regular basis. Paying the ransom is illegal mean instead you should report the incident to law enforcement agencies and can consult with cybersecurity professionals for the recovery method.
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Executive Summary:
Recently, a viral post on social media claiming that actor Allu Arjun visited a Shiva temple to pray in celebration after the success of his film, PUSHPA 2. The post features an image of him visiting the temple. However, an investigation has determined that this photo is from 2017 and does not relate to the film's release.
Claims:
The claim states that Allu Arjun recently visited a Shiva temple to express his thanks for the success of Pushpa 2, featuring a photograph that allegedly captures this moment.
Fact Check:
The image circulating on social media, that Allu Arjun visited a Shiva temple to celebrate the success of Pushpa 2, is misleading.
After conducting a reverse image search, we confirmed that this photograph is from 2017, taken during the actor's visit to the Tirumala Temple for a personal event, well before Pushpa 2 was ever announced. The context has been altered to falsely connect it to the film's success. Additionally, there is no credible evidence or recent reports to support the claim that Allu Arjun visited a temple for this specific reason, making the assertion entirely baseless.
Before sharing viral posts, take a brief moment to verify the facts. Misinformation spreads quickly and it’s far better to rely on trusted fact-checking sources.
Conclusion:
The claim that Allu Arjun visited a Shiva temple to celebrate the success of Pushpa 2 is false. The image circulating is actually from an earlier time. This situation illustrates how misinformation can spread when an old photo is used to construct a misleading story. Before sharing viral posts, take a moment to verify the facts. Misinformation spreads quickly, and it is far better to rely on trusted fact-checking sources.
- Claim: The image claims Allu Arjun visited Shiva temple after Pushpa 2’s success.
- Claimed On: Facebook
- Fact Check: False and Misleading
