The transition of the Indian banking sector to a cashless society is creating many opportunities for technology investment in digital payments infrastructure, according to Gartner, Inc. IT spending in banking and securities firms in India will increase 11.7 percent in 2017 to reach $9.1 billion.
http://motherboard.vice.com/read/radio-silence By Brian Anderson motherboard.vice.com March 3, 2015 It could have been any other morning. Felipe del Jesús Peréz García got dressed, said goodbye to his wife and kids, and drove off to work. It would be a two hour commute from their home in Monterrey, in Northeastern Mexico’s Nuevo León state, to Reynosa, in neighboring Tamaulipas state, where Felipe, an architect, would scout possible installation sites for cell phone towers for a telecommunications company before returning that evening. That was the last time anyone saw him. Felipe’s wife, Tanya, is haunted by his disappearance. “All this time I’ve spent searching for his whereabouts,” she told me. Felipe was 26, with clear hazel eyes and a wide mouth, when he disappeared on March 19, 2013, just under two years ago. It’s a story, or lack thereof, that’s common across Mexico. People vanish, and the vast majority of cases aren’t solved for years, if they’re ever closed at all. Tanya is just one of the bereaved in an expanding web of loved ones and friends left with more questions than answers, and a collective resolve to seek justice for los desaparecidos. They’re waiting for the phone to ring. Only this story is, perhaps, not just another kidnapping. What happened to Felipe Peréz? One theory suggests he was abducted by a sophisticated organized crime syndicate, and then forced into a hacker brigade that builds and services the cartel’s hidden, backcountry communications infrastructure. They’re the Geek Squads to some of the biggest mafia-style organizations in the world. That’s how Tanya sees it, at least. She looks at the rash of kidnapping cases across Mexico, many of which have taken place in Tamaulipas, targeted specifically at architects, engineers, and other information technology types, and can’t help but think Felipe was one of them. Nearly 40 information technology specialists have disappeared in Mexico since 2008, allegedly nabbed by one of the two dominant gangs in the region, the Cartel del Golfo or Los Zetas. […]
http://uk.reuters.com/article/2015/02/25/uk-cybersecurity-europe-idUKKBN0LT0U020150225 BY ANTHONY DEUTSCH AND JIM FINKLE AMSTERDAM/BOSTON Reuters.com Feb 25, 2015 (Reuters) – A cybercrime operation that stole banking information by hacking more than 3 million computers in Indonesia, India and other countries has been disrupted by European police with assistance from three technology companies, officials said on Wednesday. The European Cybercrime Centre at Europol, the European police agency, coordinated the operation out of its headquarters in The Hague, targeting the so-called Ramnit botnet, a network of computers infected with malware. Working with investigators from Germany, Italy, the Netherlands and Britain, it was assisted by AnubisNetworks, a unit of BitSight Technologies; Microsoft Corp and Symantec Corp in dismantling the server infrastructure used by the criminals, Europol said. “The criminals have lost control of the infrastructure they were using,” Paul Gillen, head of operations at Europol’s cybercrime centre, told Reuters. […]
http://www.propublica.org/article/the-worlds-email-encryption-software-relies-on-one-guy-who-is-going-broke By Julia Angwin ProPublica Feb. 5, 2015 Update, Feb. 5, 2015, 8:10 p.m.: After this article appeared, Werner Koch informed us that last week he was awarded a one-time grant of $60,000 from Linux Foundation’s Core Infrastructure Initiative. Werner told us he only received permission to disclose it after our article published. Meanwhile, since our story was posted, donations flooded Werner’s website donation page and he reached his funding goal of $137,000. In addition, Facebook and the online payment processor Stripe each pledged to donate $50,000 a year to Koch’s project. The man who built the free email encryption software used by whistleblower Edward Snowden, as well as hundreds of thousands of journalists, dissidents and security-minded people around the world, is running out of money to keep his project alive. Werner Koch wrote the software, known as Gnu Privacy Guard, in 1997, and since then has been almost single-handedly keeping it alive with patches and updates from his home in Erkrath, Germany. Now 53, he is running out of money and patience with being underfunded. “I’m too idealistic,” he told me in an interview at a hacker convention in Germany in December. “In early 2013 I was really about to give it all up and take a straight job.” But then the Snowden news broke, and “I realized this was not the time to cancel.” […]