eNews
Demand for skilled cyber security professionals in India expected to rise
KOLKATA: With the adoption of the Internet of Things (IoT) policy, demand for skilled cyber security professionals in India is likely to rise in the coming years, said a top official of Information Systems Audit and Control Association (ISACA), a global information technology (IT) association.
The Department of Electronic and Information Technology (DeitY), under the Union Ministry of Communication and Information Technology, has defined ‘Internet of things’ as a seamless connected network of devices that enables machine-to-machine communication without human intervention using standard and interoperable communication protocols.
While personal computers, phones and tablets, which require human intervention, are not part of IoT, a wide variety of devices such as heart monitoring implants, biochip transponders, self-driven automobiles with built-in sensors are usually considered globally as part of IoT.
“The ministry has already come up with a draft IoT policy and the final policy is expected soon,” said ISACA international vice-president R. Vittal Raj.
With a major growth in the development of IoT devices, a preventive mechanism to deal with potential cyber crimes needs to be developed in the country, he said.
The ministry has set a target of building an IoT industry of $15 billion by 2020 and is eyeing a market share of five – six per cent of the global IoT industry, which will reach $300 billion, according to Gartner.
For implementing IoT, the government is looking at areas like agriculture, health, water quality, natural disasters, transportation, security, automobiles, supply chain management, smart cities, automatic metering in various sectors.
Raj added that while in India the policy framework is in place, implementation of cyber security is still a major hurdle.
Talking about Kolkata specifically, he said that ISACA is looking to tie up with educational institutions to develop skilled professionals in the sector.
eNews
Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
