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Phone banking fraud hits thousands; tricksters deal Rs 12,000-cr blow

Author: Mahua Venkatesh - Published 2015-10-24 11:34

Welcome to the world of vishing, or voice phishing, a technique used to trick gullible customers to part with confidential personal banking details. Vishing uses voice calls to steal identities and financial information. Such “vishing attacks” are designed to secure financial information in a short span by instilling fear in individuals. These calls are difficult to trace because they primarily ride through the internet.

For many Indians like Kardam, financial inclusion has also been an unpleasant introduction to the dark underbelly of hi-tech banking frauds.

Reliance Industries to enroll 1.5 lakh vendors for its ecommerce venture

Author: Rasul Bailay & Chaitali Chakravarty - Published 2015-10-20 21:20

Reliance said the ecommerce platform for electronics products is ready for deployment while it plans to roll out online grocery marketplace in the fourth quarter of the fiscal.

The company will also launch a curated fashion and lifestyle ecommerce venture for which it has signed exclusive partnerships with a host of fashion brands from countries such as Singapore, Australia, Russia, Switzerland, China and Turkey besides ramping up its private labels, the presentation said. However, Reliance officials declined to name those brands to analysts and said the company will unveil those names at an appropriate time.

New Images Available for Dedicated Servers

Author: Niel Hirjee - Published 2015-10-10 01:25

We support the following distros:

  • CentOS 7
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  • CoreOS Stable
  • CoreOS Beta
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  • Debian 7
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  • Ubuntu 12.04 LTS

Trade show / exhibition visitor info gathering mobile app for Scarlet Splendour

Author: Niel Hirjee - Published 2015-10-09 12:32

Scarlet Splendour is a design movement — lovingly and gently envisaged by sibling team Ashish Bajoria and Suman Kanodia.

Their mobile app is intended to be used by Scarlet Splendour personnel manning a booth during a trade show / exhibition. The app enables Scarlet Splendour personnel to enter the name and contact information of visitors, specify the product / brand in which they have expressed interest and select one of the follow-up action listed below:
1) Send Brochure
2) Send Price List
3) Schedule a Call

Optionally, a photo of the person who has visited the booth or the photo of his visiting card can also be attached to the information being entered in the mobile app. Offline mode is supported in case internet access is not available; all data gathered is stored on the device and automatically uploaded to the server when an internet connection is established.

At the end of the event, all data gathered by all Scarlet Splendour personnel via multiple mobile devices can be viewed in a single, consolidated spreadsheet.

This app is for internal use only.

Fully Managed Elasticsearch on Mongodb / Redis Cloud Server

Author: Niel Hirjee - Published 2015-09-21 09:13

Get a powerful, open-source, scalable, full-text search engine based on Apache Lucene. Remove the complexity of deploying and managing enterprise Elasticsearch clusters.

One month free trial is available for a limited time.

India, Myanmar lead the way as mobile bandwidth consumption mushrooms

Author: Simon Rockman - Published 2015-08-29 01:59

The startling figures bring the number of mobile subscriptions to 7.2 billion, but the report points out that this equates to 4.9 billion subscribers, since many have multiple subscriptions.

There is still good growth, with the number of subscriptions increasing by five per cent, with India being the strongest market in terms of net additions for the quarter (+12 million), followed by Myanmar (+5 million), Nigeria (+4 million), USA (+4 million) and Bangladesh (+3 million).

Snapdeal loss rises 5 times to Rs 1,350cr

Author: Digbijay Mishra - Published 2015-08-20 18:01

Data accessed by TOI from Hong Kong Stock Exchange showed that Snapdeal's loss rose from around Rs 270 crore in March 2014 to nearly Rs 1,350 crore in March 2015 as the company shelled out $25 million (over 150 crore) a month as discounts and marketing expenses.

Snapdeal may not be an isolated case. The situation, industry experts say, is similar across e-commerce segment, and is not confined to India alone. For instance, Amazon emerged as the world's largest e-tailer recently and has been commanding a hefty premium even on stock markets, despite reporting a surprise profit last month after several quarters of losses.

Want branchless banking? Live in the developing world? Oops

Author: John Leyden - Published 2015-08-20 09:17

Although billed as a more secure option to cash, branchless banking apps are dangerously insecure, according to the team of five.

After carrying out an automated analysis of all 46 known Android mobile money apps across the 246 known mobile money sites, an exercise that "fails to provide reliable insights", the researchers turned towards a "comprehensive manual teardown of the registration, login, and transaction procedures of a diverse 15 per cent of these apps".

Download Mo(bile) Money, Mo(bile) Problems

Mo(bile) Money, Mo(bile) Problems: Analysis of Branchless Banking Applications in the Developing World

Marketplace sites fleecing book sellers

Author: Aziz Shroff - Published 2015-08-12 01:10

Marketplace is not beneficial to either seller or buyer for purchasing Academic and Professional books due to the current economic scenario, where sales are falling and overheads are increasing, which has forced the publishers and distributors to reduce their trade discounts, the current discount range between 25 to 32.50%, which makes it unprofitable for sellers to discount the books on third-party marketplaces.

It is a myth that purchasing on online marketplace is cheaper, the only advantage online marketplaces offer you is the convenience of sitting at home and ordering anything with just a click of the button, but for the price-conscious it is more beneficial to call up the local bookshop and ask for home delivery with discounted prices.