Showing posts with label Tech News. Show all posts
Showing posts with label Tech News. Show all posts

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Tuesday, June 27, 2017

GST Network says software testing complete for smooth rollout of GST

10:20 PM Posted by Magneto Mohit , No comments
NEW DELHI: GST Network, the company providing technology backbone for the new indirect tax regime, today said it has completed all software trials and testings necessary to successfully rollout GST from July 1.

Over 66 lakh taxpayers have enrolled on the GSTN portal, Chairman Navin Kumar said.
"GST IT system has undergone all mandatory tests and has been opened for new registrations and enrolments on June 25. We would like to assure everyone that the system is functioning smoothly," he said.

The GSTN portal has also started accepting registrations from new taxpayers from June 25 even as the process of migration of existing taxpayers is already on. Registration has also started for GST practitioners, deduction of tax at source and e-commerce operators (TCS).
The government has however deferred the implementation of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) provisions in the CGST act. Hence, e-commerce companies will not have to collect tax at source from their suppliers for now.

Kumar said: "We are fully ready and all the tests including User Acceptance Testing and Beta testing have been completed successfully. We are fairly confident of the system and are expecting a hiccup free transition".
The GST common portal will enable taxpayers to meet the GST compliance requirement like filing returns and making tax payments.

Thank to Gadgetsnow for this news.

Ransomware Attack Causes Mass Disruption Across Europe

10:16 PM Posted by Magneto Mohit , , , No comments
A new and highly virulent outbreak of malicious data-scrambling software appears to be causing mass disruption across Europe, hitting Ukraine especially hard.

Company and government officials reported serious intrusions at the Ukrainian power grid, banks and government offices, where one senior official posted a photo of a darkened computer screen and the words, “the whole network is down.” Russia’s Rosneft oil company also reported falling victim to hacking, as did Danish shipping giant A.P. Moller-Maersk.

“We are talking about a cyberattack,” said Anders Rosendahl, a spokesman for the Copenhagen-based group. “It has affected all branches of our business, at home and abroad.”

The number of companies and agencies reportedly affected by the ransomware campaign was piling up fast, and the electronic rampage appeared to be rapidly snowballing into a real-world world crisis. Dutch daily Algemeen Dagblaad says that container ship terminals in Rotterdam run by a unit of Maersk were also affected. Rosneft said that the company narrowly avoided major damage.

“The hacking attack could have led to serious consequences but neither the oil production nor the processing has been affected thanks to the fact that the company has switched to a reserve control system,” the company said.

There’s very little information about who might be behind the disruption at each specific company, but cybersecurity experts rapidly zeroed in on a form of ransomware, the name given to programs that hold data hostage by scrambling it until a payment is made.

“A massive ransomware campaign is currently unfolding worldwide,” said Romanian cybersecurity company Bitdefender. He said the malicious program appeared to be nearly identical to GoldenEye, one of a family of rogue programs that has been circulating for months. It’s not clear whether or why the ransomware has suddenly become so much more potent.

The world is still recovering from a previous outbreak of ransomware, called WannaCry or WannaCrypt, which spread rapidly using digital break-in tools originally created by the U.S. National Security Agency and recently leaked to the web.

A message sent to an email address listed on the ransom page in the current outbreak was not immediately returned.

Thanks to Gadgets360 for this news.

Sunday, May 14, 2017

70% ATMs in India vulnerable to cyberattacks: Experts

12:43 PM Posted by Magneto Mohit , , No comments
What was more worrying about the global cyberattack was the fact that the outdated Windows XP version that turned out to be the weak link, crippling information systems around the world, is used by 70% of Indian ATMs.

Their complete control rests with vendors who provide banks with these systems. Microsoft stopped providing support - security patches and other tools - for Windows XP in 2014. However, on Saturday, Microsoft said it had released updates for older systems. "Given the potential impact to customers and their businesses, we have also released updates for Windows XP, Windows 8, and Windows Server 2003," a Microsoft spokesperson said.