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A loan you never took; How PAN fraud is wrecking credit scores in India and what you should do to protect yourselfIndians are facing a new threat: PAN-based loan fraud. Criminals are using stolen PAN details to take out loans without consent. This is da...- Firms flag data verification, compliance costs as major challenge under DPDP regimeThe rising costs of meeting compliance is spooking many, with nearly 30% of respondents saying these new expenditures will be more than 10%...
- AI-controlled toys serious threat for safety of children, action being taken: Union minister Ashwini VaishnawDuring the Question Hour in the Lok Sabha, the minister said that the government has made provisions under the Digital Personal Data Protec...
- TransUnion CIBIL can now access your Aadhaar information for verification purposes: Is user consent mandatory?New government rules now allow TransUnion CIBIL to use Aadhaar authentication for user verification. This enables easier registration and l...
- UIDAI is working on simplifying offline Aadhaar for citizen KYCThe Unique Identification Authority of India (UIDAI) is looking to simplify the offline KYC process linked to Aadhaar, hoping to drive broa...
- Startups weigh government nod to use Aadhaar KYC for gig workersFood delivery and e-commerce startups are seeking government approval for Aadhaar authentication to streamline gig worker verification, fol...
- Trai’s new proposal may help check spam as it complements data protection lawsTrai's renewed consent mechanism for spam control aims to align with India's data protection law, addressing past failures due to poor coor...
- No more spam calls from banks for loans, credit cards: TRAI, RBI join forces to provide relief to customersTRAI has launched a pilot project focused on digital consent management, collaborating with RBI and certain banks, and directed all telecom...
- Trai announces pilot project for digital consent managementThe Telecom Regulatory Authority of India, in collaboration with the Reserve Bank of India, has launched a pilot project for digital consen...
- Airtel urges Trai to regulate OTTs to combat spam surgeAirtel has recommended mandatory scrubbing, business verification, and data sharing between OTTs and telcos to create a unified anti-spam e...
- Banks increase employee background checks as mule accounts and frauds riseBanks are increasing regular background checks on employees and agents to fight fraud, driven by regulatory scrutiny and the need to preven...
- Banks step up digital vigil; online festive sales boomHappy Thursday! Banks are implementing rigorous background checks for customers coming through digital channels. This and more in today’s E...
- Social media companies should opt for app-store level check for age-gating: Meta's Joel KaplanThe verification and subsequent consent management of the age of users below the age of 18 has been mandated by the Digital Personal Data P...
- Age-gating rules apply to all firms under data lawNot just social media platforms, but all companies will need to have age verification mechanisms, otherwise, there's no way to record the v...
- TRAI’s DLT mechanism to check pesky messages has failed: Route CEO Rajdip GuptaThe implementation process, which started in 2019, has been stuck on the third stage - gathering consumer consent to receive messages from ...
- How will the SC verdict on Aadhaar impact online lending companies?The apex court ruled that private entities cannot force anyone to share Aadhaar data for the purpose of KYC authentication.
- Raise limits on loans granted through OTP-based e-KYC: Amitabh KantKant said the current system of using biometric Aadhaar-authentication for small ticket loans will increase already high operating expenses...
- New pesky calls, texts rules to allow consumers take better control: Trai’s SharmaIn September 2017, Trai had come out with a consultation paper and sought views from the stakeholders to curb unsolicited commercial commun...
- Rs 47-crore LPG subsidy deposited in Airtel bank accounts 'opened without consent'Consumers receive cooking gas subsidy in their bank accounts linked to their unique biometric identity, or Aadhaar.
- Bank of Baroda partners with CreditMantri for lending to first-time borrowers, SMEsTechnology enables the bank to offer low ticket credit products to even first time borrowers and expand into newer segments without the nee...
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