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Cybersecurity Leader Agnelo Dsouza Joins Adani Airport Holdings Ltd as CISO

Agnelo Dsouza has been appointed Chief Information Security Officer (CISO) at Adani Airport Holdings Ltd (AAHL). Dsouza announced his new role through his official LinkedIn profile.

With a distinguished career spanning two decades, Dsouza previously served as the CISO at Kotak Mahindra Bank Ltd for 13 years, where he played a pivotal role in designing and executing the bank’s cybersecurity strategy.

Before his tenure at Kotak Mahindra Bank, Dsouza contributed significantly at Global Tele Systems (GTL), where he established the Managed Security Services Program for the company’s clients. Additionally, during his early career at the Indian Express Group, he was instrumental in overhauling the IT systems and network infrastructure.

Dsouza’s wealth of experience in cybersecurity and IT infrastructure is expected to strengthen AAHL’s digital security framework as it continues its expansion in the aviation sector.

Indian Startup Emo Energy Secures $6.2 Million in Series A Funding to Scale EV Solutions

Indian energy technology startup Emo Energy has raised $6.2 million in a Series A funding round led by Subhkam Ventures, with participation from Transition VC.

Founded in 2022 by former Tesla and Rivian employees Sheetanshu Tyagi and Rahul Patel, the company plans to scale its electric vehicle energy solutions to over 100,000 units within the next two years. Emo Energy also aims to deploy one gigawatt-hour of energy storage, enhance its battery health extension software through intensified R&D efforts, and expand its workforce.

To date, Emo Energy has successfully deployed more than 2,000 battery packs for various mobility applications, underscoring its commitment to advancing EV energy solutions.

RBI Issues Comprehensive Guidelines on Credit Information Reporting

The Reserve Bank of India (RBI) on Monday unveiled a master direction consolidating existing guidelines for banks and financial institutions on reporting customer credit information.

Under the new framework, credit information companies (CICs) are required to send alerts via SMS or email to customers whenever their Credit Information Report (CIR) is accessed by authorized users. These alerts will only be triggered when a CIR inquiry is recorded, according to the “Master Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025.”

Additionally, credit institutions (CIs), including banks and Non-Banking Financial Companies (NBFCs), must inform customers of the reasons for rejecting their requests for data correction. This measure aims to help customers better understand discrepancies in their credit reports.

The RBI also mandated compensation of ₹100 per day if complaints filed with credit institutions or CICs remain unresolved beyond 30 days.

The master direction aims to establish a standardized framework for credit information reporting, safeguard the confidentiality of sensitive data, and enhance transparency in the credit ecosystem.

Amit Dhawan Appointed CEO of Network Intelligence for India and APAC Regions

Amit Dhawan, a cybersecurity leader, has taken on the role of CEO for India and the APAC region at Network Intelligence, one of India’s leading cybersecurity services providers. Dhawan, who spent three years at Quantiphi, held key positions including CISO, DPO, and Head of Cloud, where he spearheaded transformative initiatives in cybersecurity, data privacy, and cloud infrastructure management. His efforts drove the company toward achieving global certifications, advancing cyber capabilities, and developing Responsible AI frameworks, fostering a culture of operational excellence.

Reflecting on his time at Quantiphi, Dhawan credited close collaboration with industry experts, mentors, and leadership as instrumental in shaping his professional journey. He expressed gratitude for the connections and insights that challenged and enriched his understanding of cybersecurity and emerging technologies.

In his new position at Network Intelligence, Dhawan will draw on his extensive experience to lead expansion and innovation across the region. He aims to strengthen the company’s defenses against evolving cyber threats, establish key partnerships, and deliver world-class cybersecurity solutions. His vision aligns with the growing need for advanced strategies to address the rapidly changing digital threat landscape.

Dhawan’s appointment signals a new chapter for both him and Network Intelligence, underscoring a shared commitment to creating a safer digital environment. As he takes on this role, Dhawan looks forward to collaborating with peers, partners, and stakeholders to drive forward innovative and future-ready cybersecurity solutions.

Punjab & Sind Bank Launches Digital Instant Loan Scheme for MSMEs

Punjab & Sind Bank has unveiled plans to launch a digital instant loan scheme tailored for micro, small, and medium enterprises (MSMEs), offering loans up to ₹25 lakh. Set to debut this month, the initiative is part of the bank’s ongoing effort to expand its digital lending capabilities and streamline the credit delivery process.

The new MSME loan offering will use the bank’s digital platform to assess applicants based on their cash flows, GST returns, digital footprints, and account statements. According to Executive Director Ravi Mehra, the loan application and approval process will be automated using a Straight Through Process (STP) integrated with a Business Rule Engine (BRE), ensuring quicker processing with minimal human intervention and reducing delays.

Following the success of similar digital offerings for home and vehicle loans—PSB e-Apna Ghar and PSB e-Apna Vahan—launched last month, which enable in-principle approvals within 15 minutes, the bank is now focusing on providing MSME borrowers with comparable benefits.

Additionally, the bank is preparing to roll out digital services for Kisan Credit Card (KCC) renewals and sanctions for farmers next month. This will provide collateral-free loans up to ₹2 lakh. Loans under the Pradhan Mantri MUDRA Yojana (PMMY), up to ₹50,000, will also be offered digitally.

These initiatives are part of Punjab & Sind Bank’s broader strategy to digitize its lending processes, offering enhanced accessibility to underserved sectors, including MSMEs and farmers. By leveraging data-driven assessments and automation, the bank aims to minimize risks, improve customer experiences, and boost credit penetration, in line with the government’s drive for digital transformation in banking.

Phishing Attacks Surge in 2024: Netskope Research Highlights Growing Security Challenges

Netskope Threat Labs’ latest findings reveal a dramatic increase in phishing success rates in 2024, with enterprise employees clicking on phishing links nearly three times more often than in 2023. This alarming trend, detailed in Netskope’s annual Cloud & Threat Report, highlights the growing sophistication of phishing attacks and the vulnerabilities created by the widespread use of personal cloud applications and generative AI (GenAI) tools in workplaces worldwide.

The report shows that over eight out of every 1,000 enterprise users fell victim to phishing links each month in 2024, a 190% rise from the previous year. Attackers are increasingly exploiting trusted cloud platforms like Microsoft OneDrive, Google Drive, and GitHub to host malicious content, with 88% of organizations reporting at least one instance of malicious downloads monthly. Microsoft-branded credentials were the primary target, accounting for 42% of phishing campaigns, underscoring the need for robust defenses against these attacks.

Personal cloud apps have emerged as a major source of data risk, with 88% of employees using such apps monthly and 26% uploading sensitive data, knowingly or unknowingly. Regulated data, such as personal, financial, and healthcare information, was involved in 60% of policy violations, followed by intellectual property and credentials like passwords. The pervasive use of personal apps to handle corporate data has blurred boundaries and heightened the risk of data breaches, leaving organizations struggling to maintain control over sensitive information.

Generative AI tools have also seen a meteoric rise in adoption, with 94% of organizations using them in 2024, up from 81% in 2023. ChatGPT continues to dominate as the most popular GenAI tool, utilized by 84% of enterprises. Employee usage tripled over the year, with the retail and technology sectors leading adoption. However, despite the rapid integration of GenAI apps, organizations are still in the early stages of implementing data protection measures. Only 45% of enterprises have deployed data loss prevention (DLP) controls, and while 73% block at least one GenAI app, many lack comprehensive policies to manage this growing risk.

Netskope advises organizations to prioritize modern security strategies to address these emerging challenges. Key recommendations include investing in advanced data protection measures to combat phishing, limiting access to non-essential apps, implementing review processes for new tools, and continuously monitoring app usage for signs of misuse or compromise. To manage GenAI risks, organizations must enforce strict controls, ensuring only approved apps are used and for legitimate purposes, while empowering employees with real-time coaching to make informed decisions.

“Gone are the days when data security was an afterthought,” said Ray Canzanese, Director of Netskope Threat Labs. “Organizations need a dynamic, proactive framework that integrates real-time user coaching, DLP, and app-specific controls to stay ahead of an ever-changing threat landscape.”

As the digital workplace continues to evolve, the need for integrated, modern security measures has never been more urgent. Organizations must adapt quickly to protect sensitive data, mitigate risks, and foster safe use of emerging technologies like generative AI.

QuiD Cash Raises $4.5 Million in Pre-Series A Round

Supply chain fintech startup QuiD Cash has raised $4.5 million (around Rs 38.23 crore) in its pre-Series A round from a host of angel investors, including Piyush Jain and existing backer MINTCAP.

Earlier in 2024, QuiD had raised Rs 5 crore in its pre-seed funding led by Mint Cap Enterprises and Stone Park Capital.

The proceeds will be used for technology enhancement and business growth. The firm has also launched QuiD Capital, an NBFC designed to facilitate anchor-led invoice financing.

Founded by Subhash Gupta and Vikram AG, QuiD Cash provides tech-based financial solutions through its B2B supply chain platform. It serves around 8,000 users and partners with over 20 major companies in the FMCG, automotive, pharmaceuticals, and agriculture industries. These companies handle transactions worth Rs 50 crore to RS 250 crore every month.

The firm operates with a team of 40 employees and plans to expand to 50 people next year. It aims to onboard 5 lakh retailers in the next two years.

India Becomes Second Most Targeted Nation for Cyber Attacks in 2024: CloudSEK Report

India has emerged as the second most targeted country for cyberattacks globally in 2024, with 95 entities falling victim to data breaches, according to CloudSEK’s ThreatLandscape Report 2024. The United States topped the list with 140 attacks, driven by its economic power and advanced digital infrastructure, while Israel ranked third with 57 incidents, largely attributed to ongoing geopolitical tensions.

The report highlights the growing vulnerability of Indian organizations amid rapid digitization. Cyber attackers primarily targeted the finance and banking sectors, which accounted for 20 victims. The government sector reported 13 incidents, followed by telecommunications with 12. The healthcare and pharmaceutical industries, along with the education sector, also faced significant threats, with 10 and 9 victims, respectively.

Several high-profile breaches underscored the scale of the problem. Notable incidents included the leak of 850 million records from Hi-Tek Group, the exposure of customer data from Star Health and Allied Insurance, and the theft of 2TB of sensitive information from Telecommunications Consultants India. These breaches reflect the pressing need for enhanced data protection measures across key sectors.

India also witnessed a surge in ransomware attacks, with 108 incidents reported during the year. Lockbit emerged as the most active ransomware group, responsible for over 20 attacks, followed by Killsec with 15 incidents and Ransomhub with 12. The report highlights the escalating threat of ransomware and the critical importance of strengthening cybersecurity defenses to mitigate these risks.

As India continues its journey toward digital transformation, the findings emphasize the urgent need for robust cybersecurity frameworks and proactive measures to safeguard sensitive information and infrastructure.

AICTE Partners with 22 EdTech Firms to Launch 40 AI-Driven Learning Tools Under NEAT 4.0

The All India Council for Technical Education (AICTE) has entered into an agreement with 22 EdTech companies to roll out 40 innovative learning tools as part of the fourth phase of the National Educational Alliance for Technology (NEAT). Designed to enhance online education, these tools aim to provide personalized learning experiences for students nationwide.

Following a rigorous evaluation of over 300 products by experts, AICTE shortlisted 40 tools based on their quality and effectiveness. These AI-powered tools, accessible through the NEAT portal (neat.aicte-india.org), adapt to individual student needs to optimize learning outcomes.

AICTE Chairman T.G. Sitharam emphasized the transformative role of artificial intelligence in education, noting that the personalized approach will significantly improve student engagement and performance. He further announced plans to regularly update the portal with new tools, ensuring students benefit from cutting-edge technologies.

Launched in 2019 by the Ministry of Education, NEAT operates under a public-private partnership to connect students with affordable EdTech solutions. During NEAT 3.0, unveiled in January 2022, free course coupons worth ₹253 crore were distributed to over 12 lakh underprivileged students.

NEAT 4.0 introduces tools geared towards industry-relevant skills in areas such as Biomedical Engineering, Health and Wellness, and Space Technology. Anil D. Sahasrabudhe, Chairman of the National Educational Technology Forum (NETF), highlighted the program’s mission to enhance employability by equipping students with in-demand skills.

Buddha Chandrasekhar, Chief Coordination Officer, affirmed that the platform will continue integrating advanced technologies to keep students aligned with modern learning trends. By leveraging the NEAT portal, AICTE aims to democratize access to high-quality digital education and foster a tech-savvy workforce for the future.

DPIIT Partners with Stride Ventures to Boost Indian Startups and Expand Global Footprint

The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has joined hands with Stride Ventures, a prominent venture debt firm, to drive the growth of Indian startups and enhance their international presence.

This collaboration aims to provide startups with a blend of financial support, strategic mentorship, and market access, creating significant opportunities for innovation and entrepreneurship.

Speaking on the partnership, Sanjiv, Joint Secretary of Startup India, emphasized its potential to bolster India’s economic agenda by fostering innovation and entrepreneurship as key drivers of economic growth. The initiative aligns closely with the Government of India’s “Make in India” and “Make for the World” strategies, targeting critical sectors such as manufacturing, consumer markets, B2B, and cleantech.

Stride Ventures is set to develop specialized programs and participate in initiatives like the Bharat Grand Challenge to promote entrepreneurship and attract investments. “Our collaboration with DPIIT strengthens our mission to empower entrepreneurs, helping them create impactful, globally relevant solutions under the ‘Make in India’ initiative. With our billion-dollar commitment, we are determined to enhance India’s startup ecosystem and deliver transformative global impact,” said Ishpreet Singh Gandhi, Founder and Managing Partner of Stride Ventures.

The partnership will prioritize identifying high-growth startups, offering funding, market access, and policy support to help Indian startups expand internationally while facilitating global startups entering India. Special focus will be placed on startups from tier-2 and tier-3 cities, providing them with mentorship, global networks, and guidance to scale. Additionally, efforts will be made to raise awareness about alternative fundraising options like venture debt to support startups in achieving their growth ambitions.

This collaboration is expected to serve as a catalyst for innovation, entrepreneurship, and economic growth, paving the way for India’s startups to thrive on the global stage.

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