Did you know that the household data of 123 million Americans were recently stolen from Alteryx’s Amazon cloud servers in a single cyberattack? But the blame for this cannot fairly be laid at the feet of Jeff Bezos. No – the origin of this theft, and many other cybersecurity crimes began long before this data was uploaded to any cloud server. In another high-level cyberattack, financial data on 47,000 Americans was exposed on an S3 bucket from the US National Credit Federation in 2017.

Concepts like AI-based video editing and augmented video processing are not just buzzwords anymore. Fraudsters now have easy access to plug-and-play products that enable them to use the power of deep learning and advanced AI to anonymize, mask, and alter images and videos. These spoofs also known as presentation attacks include printed photos, cutout masks, digital and video replay attacks, and 3D masks.

As India embraces the digital transformation and aligns with post pandemic lifestyle, working from home, shopping online, and managing money digitally has conveniently become a routine for us. This quick shift in the industry wouldn’t have been possible without quick regulatory advancements by government. Giving convenience a priority, critical functions like opening a bank account, lending a loan, large transactions, are now possible on fingertips.

The past two years have sure made everyone rethink and reimagine the way businesses must run. These years have been marked by resilience and reinvention. And, for many digital and digitally enabled startups, it’s been a year of remarkable growth. Almost all startups restructured their companies and significantly reduced costs. Many had to explore new distribution channels or new customer segments. Omnichannel consumer brands shifted completely online.

Five worthy reads is a regular column on five noteworthy items we have discovered while researching trending and timeless topics. This week, we explore decentralized identity, aka self-sovereign identity.

Remember your first day on the job? You might groan just thinking about it, or maybe you are filled with the optimistic nostalgia of all the great things you set out to accomplish. It’s all a matter of your current perspective. One of the greatest apprehensions about that first day is meeting all of your new colleagues. Someone probably gave you a tour of the office, introducing you to all the new faces, as you wondered how you will remember all the names.

Cryptocurrency space is maturing, India’s appetite for cryptocurrency is evident, as the country facilitates the highest recipient of remittances globally — more than $83 billion since 2018 every year. With the support of cryptocurrencies, the remittance market is anticipated to soar in India, with cheaper, more efficient methods of sending money.

India ranks as one of the top two countries in the world in terms of digital adoption as per a McKinsey report. Over the last few years, initiatives such as Aadhaar, the national biometric digital identity program, have included over a billion Indians. India has also pioneered the United Payments Interface (UPI), a singular platform available as a mobile app that allows instant and cost-effective money transfer across people and businesses.