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94 lakh in FY 2023, according to the report presented by the Parliament Standing Committee on Finance on July 27, Cybersecurity and Rising Incidence of Cyber/White Collar Crimes in India The report presents an analysis of cyber frauds in the digital payments and lending sector in India, with comments from industry representatives, the Ministry of Home Affairs, the Department of Revenue and the Reserve Bank of India on the types of cyberattacks that people are commonly affected by and the issues that hinder effective investigations of these crimes.

Data provided by the minister showed a rising trend in the number of data breach incidents reported and tracked by Indian Computer Emergency Response Team (CERTIn), the government designated national agency for responding to cybersecurity threats The number has gone up between 2015 and 2023, with zero incidents reported in 2015 and 2016, 2 in 2017, 5 in 2018, 11 in 2019, 36 in 202, 39 in 2021, 51 in 2022, and 49 in 2023 (till June).

We have formed the Karnataka Digital Economy Mission that has been given the sole responsibility to figure out what skillssets are required beyond Bengaluru, regional aspirations in that area, how clusters can be strengthened in vertical specific industries. Belagavi has good potential for aerospace. Kalaburagi can have small manufacturing units. Mangaluru has great potential for animation and IT services sector.

Digital revolution has opened boundless job opportunities, transforming how employers and job seekers connect. Digitisation remains a top priority for over 2,000 staffing professionals, as highlighted in this year s Global Recruitment Insights and Data (GRID) Industry Trends Report.

The findings point to transformation in the SME sector driven by the shifting landscape of the new digital economy, the vast influence of technology, and the everincreasing influence of SaaS on businesses. Capterra India, the world s leading software reviews and selection platform, recently released the results of its Digitalisation of Indian SMEs survey, a new study capturing the voice of small and medium businesses in India.

Cybersecurity firm Kape Technologies has reportedly laid off around 200 employees across departments and the company s Chief Technology Officer Dan Gericke has decided to walk out. Kape Technologies is behind several popular virtual private network (VPN) services, including ExpressVPN, CyberGhost and Private Access Internet (PIA).

Cybercrime has become one of the most common crimes in the digital era. As the technology sector is on the rise, the rise of smartphones and the internet has raised concerns regarding the privacy and security of users.

According to a recent study by the National Association of Software and Service Companies (NASSCOM) called Generative AI startup landscape in India A 2023 perspective, generative AI startups in the country have raised over USD 475 million in private investments from January 2021 to May 2023.

According to a recent study by the National Association of Software and Service Companies (NASSCOM), generative AI startups in the country have raised over $475 million in private investments from January 2021 to May 2023. Vaishali Kasture, Director of AWS India and South Asia at Amazon Web Services India said ML Elevate will empower startups in the sector to develop industry focused solutions and foster innovation to drive the digital economy.

According to Nasscom, India is expected to face a shortage of 200,000 skilled IT professionals by 2024. However, generative AI can help alleviate the impact of this talent scarcity by offering a flexible workforce capable of achieving higher productivity levels. In fact, generative AI is becoming increasingly popular in India, with technology companies announcing plans to leverage its capabilities.

AI can produce increasingly humanlike writing, pictures, music and video. There have been reports of students using it for cheating, and an industry has emerged around AIauthored books claimed by people as their work. Students using AI tools such as ChatGPT to complete their work is one of the major concerns in the academic sector. AI can produce increasingly humanlike writing, pictures, music and video.

Taiwanese electronics component maker Foxconn may invest up to $500 million to set up a new unit near the Kempe Gowda international airport in Bengaluru to make smartphone accessories, multiple sources aware of the development told ET.

Large and Medium Industries Minister M.B Patil, IT/BT Minister Priyanka Kharge and Foxconn Chairman Young Liu were present during the discussion which took place at a private hotel in Chennai. MB Patil said that the industrial and investment policies of the state government are conducive to nurturing an ecosystem favouring the growth of industries.

Key Apple Inc supplier Foxconn Technology Group on Monday pledged to invest Rs 1,600 crore in setting up a mobile components manufacturing unit in Tamil Nadu’s Kanchipuram district, which will provide jobs for 6,000 people.