NFTs are now spotted with Fakes as Demand Soars | NFTs | VARINDIA News Hour

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NFTs are now spotted with Fakes as Demand Soars | NFTs | VARINDIA News Hour

We have already entered into the new age of technologies including Blockchain, DeFi, Crypto, NFTs and the Metaverse. Sales of NFTs, or non-fungible tokens, soared to around $25 billion in 2021, leaving many baffled as to why so much money is being spent on items that do not physically exist and which anyone can view online for free. NFT technology is helping to make art profitable again, but plagiarism and fakes are “becoming a massive issue” for both artists and buyers, warns a world-famous British artist who has crossed over into the digital space. NFTs are crypto assets that record the ownership of a digital file such as an image, video or text. Anyone can create, or 'mint', an NFT, and ownership of the token does not usually confer ownership of the underlying item. Plagiarism and fraud have been an issue since NFTs exploded in early 2021, but something shifted last fall. The explosion appeared to be from bots scraping artists’ online galleries, or even keyword searches on Google Images, and then creating collections with auto-generated texts. Those listings have proliferated on OpenSea.

It has come as evidence that there are a record number of fake NFTs in the marketplace. An NFT is a digital asset that can be an image, audio clip, or GIF and whose ownership is recorded on a tamper-proof digital ledger known as a blockchain. “NFTs are the future of art, without question. We’re increasingly living digital lives and NFTs allow us to take the images we love into this world – with an even further enhanced experience for the buyer. It’s the inevitable way forward. Over the last year, the NFTs market has exploded, with a digital-only piece of art selling for $69 million in 2021. Since then, an ever-growing number of artists and celebrities, fashion, music, tech and sports brands have been creating, buying and selling ‘tokens.’ This is attributable to two main reaso.

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  • Watch NFTs are now spotted with Fakes as Demand Soars | NFTs | VARINDIA News Hour Video
    NFTs are now spotted with Fakes as Demand Soars | NFTs | VARINDIA News Hour

    NFTs are now spotted with Fakes as Demand Soars | NFTs | VARINDIA News Hour

    We have already entered into the new age of technologies including Blockchain, DeFi, Crypto, NFTs and the Metaverse. Sales of NFTs, or non-fungible tokens, soared to around $25 billion in 2021, leaving many baffled as to why so much money is being spent on items that do not physically exist and which anyone can view online for free. NFT technology is helping to make art profitable again, but plagiarism and fakes are “becoming a massive issue” for both artists and buyers, warns a world-famous British artist who has crossed over into the digital space. NFTs are crypto assets that record the ownership of a digital file such as an image, video or text. Anyone can create, or 'mint', an NFT, and ownership of the token does not usually confer ownership of the underlying item. Plagiarism and fraud have been an issue since NFTs exploded in early 2021, but something shifted last fall. The explosion appeared to be from bots scraping artists’ online galleries, or even keyword searches on Google Images, and then creating collections with auto-generated texts. Those listings have proliferated on OpenSea.

    It has come as evidence that there are a record number of fake NFTs in the marketplace. An NFT is a digital asset that can be an image, audio clip, or GIF and whose ownership is recorded on a tamper-proof digital ledger known as a blockchain. “NFTs are the future of art, without question. We’re increasingly living digital lives and NFTs allow us to take the images we love into this world – with an even further enhanced experience for the buyer. It’s the inevitable way forward. Over the last year, the NFTs market has exploded, with a digital-only piece of art selling for $69 million in 2021. Since then, an ever-growing number of artists and celebrities, fashion, music, tech and sports brands have been creating, buying and selling ‘tokens.’ This is attributable to two main reaso

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  • Watch Demand of earthen pots soars as temperature rises in J&K’s Udhampur Video
    Demand of earthen pots soars as temperature rises in J&K’s Udhampur

    Udhampur (Jammu & Kashmir): As temperature is soaring in the country, the demand for traditional earthen pots has increased. It comes as a relief to potters of Jammu and Kashmir’s Udhampur as their income increases at this time of the year. The profession of the potter comes with a lot of challenges as they do not have any sale in winter season.
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  • Watch It’s time to look for new methods to protect your data against breaches | VARINDIA News Hour Video
    It’s time to look for new methods to protect your data against breaches | VARINDIA News Hour

    It’s time to look for new methods to protect your data against breaches | VARINDIA News Hour

    Technology has almost revolutionised our way of living, starting from how we work, communicate, visualise and adapt to things. It has brought about a plethora of ways to make our lives easier, faster, better and at times it turns out to be risky. It has been observed that there has been a big shift towards digital banking, i.e., around 22% of Indian adults which is estimated to be about 205 million, say they have a digital only bank account-a number that is set to grow in the coming days. Undoubtedly, digital banking adoption is also enabling people to overcome the bottlenecks of simple internet banking. At the same time, AI is a game-changer for businesses since it improves productivity, lowers cost, unlocks job expansion and creates growth opportunities. Artificial Intelligence is considered beneficial for big organizations and has been approached from three diverse lenses, i.e., agility, resilience, and sustainability. However, AI Promises Benefits, But Also Poses Urgent Challenges That Cut Across Firms, Developers, Government, And Workers. The Workforce Needs To Be Reskilled To Exploit AI Rather Than Compete With It.

    AI and ML are extremely useful for Security, for instance. It allows the system to identify a pattern of use, mannerisms, data transfers, accessibility, etc. At any slight deviation, say irregular log in requests by employees or accessing of databases through unknown systems, AI tracks the disruption and alerts the authorities immediately so that the crisis can be averted. Hence, by intercepting and mitigating potential breaches or leaks, AI and ML become crucial tools for prevention from the security point of view. The global market value of the AI sector is expected to touch $ 15.7 trillion in 2030 while its impact in the Middle East could be felt to the tune of $ 320 billion with UAE leading the race. The UAE has invested heavily into cr

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  • Watch India’s tech industry
    India’s tech industry's strong growth, crossed $200 bn in revenue | NASSCOM | VARINDIA News Hour

    India’s tech industry's strong growth, crossed $200 bn in revenue | NASSCOM | VARINDIA News Hour

    #VARINDIA_News_Hour #VARINDIA #Breaking_News

    Indian tech industry clocked double-digit growth across sub-sectors adding $30 bn in revenues in FY 2022 and nearly 450,000 jobs. #NASSCOM Tech CEO Survey 2022 says, 72% CXOs expect 2022 to be another growth year driven by digital demand and higher investments in R&D; Resilience and Agility integrated in the industry business model. The Indian technology industry crossed the $200 bn revenue mark, reaching $227 bn revenue in FY 2022, witnessing a $30 bn incremental revenue in the year with an overall growth rate of 15.5%. Recording the highest ever growth since 2011, all sub-sectors of the industry recorded double-digit growth across. Exports (including hardware) recorded a growth of 17.2% clocking revenue of $178 bn which is over 51% share of India’s total services exports. India’s massive digital infrastructure played a key role in driving India’s tech adoption with public digital platforms becoming the bedrock of India’s digital advantage. Industry experts say, Fiscal 2022 has been a breakthrough year for the Indian technology industry. India has emerged as a global hub for digital talent with over 5 million tech workforce.

    The industry recorded nearly 10% estimated growth in direct employee pool in FY2022E with a highest-ever net addition of approximately 450,000 to its employee base. With 1 out of 3 employees already digitally skilled, the digital tech talent pool is at 1.6 million, growing at a CAGR of 25%. With massive focus on reskilling and upskilling, the Indian tech industry reskilled approximately 280k employees in FY2022. With over 36% of women employees, the Indian tech industry is one of the largest private-sector women employers in India with over 1.8 mn women in the workforce. The industry also undertook over 290 M&As with their primary focus as digital. India continues t

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  • Watch Data Breaching | Cyber Insurance Opportunities | VARINDIA News Hour Video
    Data Breaching | Cyber Insurance Opportunities | VARINDIA News Hour

    Data Breaching | Cyber Insurance Opportunities | VARINDIA News Hour

    We live in a world that’s becoming more digitally dependent. Right from our social interactions to professional interchanges and financial transactions, most take place digitally. While digital resources are enabling, they also leave us vulnerable to cyber criminals as a lot of information regarding our personal and professional lives rests in the digital domain. Cyber insurance or cyber security insurance provides coverage from activities such as identity theft, unauthorized transactions, and more with rapidly increasing digitalisation, cyber risks and loss scenarios keep changing quickly. For all risk owners this makes it even more important to learn from past incidents and identify upcoming cybersecurity trends, threats and vulnerabilities. Cyber insurers have already proven that they can be part of the solution when it comes to building up resiliency and preparedness across all industries. The total global economic damage of cybercrime is a controversial issue. Cybersecurity Ventures estimates global economic cybercrime costs to grow by 15% per year over the next five years, reaching $10.5 trillion annually by 2025. In 2021, the number is expected to be $6 trillion up from $3 trillion in 2015. This is no surprise as the cybercriminal world is advancing at a fast pace.

    Having cyber insurance is a good idea if the costs make sense — it could be the difference between going out of business and staying afloat. Even if you can afford and qualify for coverage, you should know that cybercriminals like to attack companies with cyber insurance. According to a recent survey, these organizations are over two times more likely to pay ransoms than those without it. Hackers even find out the value of potential victims' coverage by breaking into the insurance companies first so they can demand the highest possible ransom. Once they've extorted organizations with cyber insurance, the

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  • Watch Isn’t it high time for the banks to adopt Blockchain Technology? | Bitcoin | VARINDIA News Hour Video
    Isn’t it high time for the banks to adopt Blockchain Technology? | Bitcoin | VARINDIA News Hour

    Isn’t it high time for the banks to adopt Blockchain Technology? | Bitcoin | VARINDIA News Hour

    #Blockchaintechnology can disrupt traditional banking systems and it is evident that blockchain technology is 'transformative' and is experimenting with it both internally and via partnerships with start-ups to use it as it relates to financial services. However, when it comes to blockchain in banking, the efforts have been fairly side-lined. Blockchain technology in banking revolutionizes the system by building a decentralized database of digital and unique assets. Through a distributed ledger, it becomes easier to transfer the assets through tokens that represent the assets “off-chain”. The benefits of blockchain in banking work around the creation of tokenized security that carries the potential of cutting out the middlemen altogether and lowering the asset exchange fees. The use of blockchain in banking can be seen across a range of processes. Blockchain acts as a decentralized ledger that keeps a track of the transactions transparently and publicly. It means that instead of relying on custodial services, the transactions can be settled in the public blockchain. This is one of the key ways blockchain applications in banking make transactions speedy and simplified.

    Blockchain has the potential to allow banks to settle transactions directly and keep better track of them than traditional methods such as SWIFT. A standard bank transfer takes a few days to settle due to the way our financial system was set up. Blockchain in consumer banking opens up the scope of peer-to-peer loans – one of the most investment-friendly fintech sectors. When it comes to transporting money throughout the world, many banks confront logistical hurdles. Moreover, when a consumer has to apply for a loan, the banks evaluate the risk they will have to suffer in case of non-payment. They take this decision by looking at the credit score, ownership status, and the debt-to-

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  • Watch Historic day for the Indian Digital journey: Union Budget 2022-23 | VARINDIA News Hour Video
    Historic day for the Indian Digital journey: Union Budget 2022-23 | VARINDIA News Hour

    Historic day for the Indian Digital journey: Union Budget 2022-23 | VARINDIA News Hour

    #UnionBudget2022

    The budget highlights the Governments' focus on digital inclusion and technology led provisioning of services to vulnerable sections. The budget shows the government wants RBI to promote digital currency, central Bank digital currency (CBDC) and kill all other currencies, just like China is doing. The government said RBI will launch digital rupee and announced a 30% tax on income from transfer of virtual digital assets. This is a very positive aspect. This is a progressive move that will give a big boost to India's digital economy. We believe digital literacy will be the key to realizing India's 5 trillion-dollar economy dream. To create a digital ecosystem for skilling and focus on digital inclusion through 5G and investment in technologies such as Artificial Intelligence and infrastructure, the government will continue strengthening the development of entrepreneurship, productivity, and quality of IT talent in the country, thereby scaling the adoption of new-age technologies across industries. Budget proposes to extend the existing tax benefits for startups by 1 more year – a promising and welcome move that will support the startup ecosystem in the country. The government’s funding support to sunrise sectors such as climate action, deep tech, digital economy and Agri tech is also welcoming.

    Secondly, the Government has made a strong economic statement with its focus on public investments to spur growth. Forward looking and catering to an aspirational Digital India the budget once again lays its emphasis on technology with the launch of Digital Currency using blockchain, Digital University for education in different Indian languages, roll out of 5G and boost to Start-ups. At the same time, the government looks unlikely to offer any major relief measures to struggling consumers, focusing instead on beefing up spending on t

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  • Watch Criminals escalating SIM swap attacks to steal millions of dollars: FBI | VARINDIA News Hour Video
    Criminals escalating SIM swap attacks to steal millions of dollars: FBI | VARINDIA News Hour

    Criminals escalating SIM swap attacks to steal millions of dollars: FBI | VARINDIA News Hour

    #VARINDIA_News_Hour #VARINDIA #Breaking_News

    #Ransomware continues to be an ongoing problem with protecting users’ data, there is a cell phone scam the public needs to be aware of as well. The FBI says criminals have escalated SIM card swap attacks to hijack victims’ phone numbers and steal millions of dollars from fiat and virtual currency accounts. “Both people and companies have become conditioned to being able to verify identity through simple questions like social security number or mother’s maiden name. Unfortunately, this falls apart completely when data breaches affecting millions of people routinely occur. Now information that was previously assumed to be relatively private is in the hands of malicious parties who can leverage it to easily impersonate their victims.” SIM swapping is a scam in which malicious parties target cell phone carriers to gain access to victims’ bank accounts, virtual currency accounts and additional sensitive information by using social engineering, insider threat or phishing techniques. Social engineering involves a criminal to impersonate the victim’s mobile number by tricking the cell phone carrier into switching the victim’s mobile number to a SIM card that is in the criminal’s possession, allowing the malicious party to access the victim’s calls, texts and other data, but this is only one of the three methods used to steal funds from victims.

    FBI encourages mobile users to first contact their mobile carriers immediately to regain control of their phone number, then accessing their online accounts to change their passwords that protect their sensitive data. Insider threat takes place when a criminal actor pays off a mobile carrier employee to switch the victim’s SIM to a card currently in the criminal’s possession. Malicious parties can also employ phishing techniques to access victims’ sensitive data, and ste

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  • Watch Artificial Intelligence | Unlocking the Metaverse | VARINDIA News Hour Video
    Artificial Intelligence | Unlocking the Metaverse | VARINDIA News Hour

    Artificial Intelligence | Unlocking the Metaverse | VARINDIA News Hour

    #VARINDIA_News_Hour #VARINDIA #Breaking_News

    Meta is working on artificial intelligence research to generate worlds through speech, improve how people chat to voice assistants and translate between languages, CEO Mark Zuckerberg said, as he sketched out key steps to building the metaverse. Zuckerberg is betting that the metaverse, a futuristic idea of virtual environments where users can work, socialize and play, will be the successor to the mobile internet. The key to unlocking a lot of these advances is AI. Meta introduced ‘BuilderBot’ – “a new tool to fuel creativity in the metaverse using voice commands.” Another development is ‘No Language Left Behind’ – a system that translates all written languages. It has the ability to communicate with anyone in any language is a superpower that was dreamt of forever and it would instantly provide speech-to-speech translations for all languages. Project ‘CAIRaoke’ is the next conversational AI improvement for more fluid conversations between people and chatbots or virtual assistants. Sources said, Meta is currently building the world’s most powerful and fastest AI supercomputer.

    Facebook has been investing in AI for the past 10 years and has one of the world’s leading experts, as we advance this technology further, you'll be able to create nuanced worlds to explore and share experiences with others, with just your voice,” Zuckerberg said. Meta is further developing tools to make AI systems more explicable. ‘System Cards’ is the newest resource that explains how AI works. In January it announced that it had built a new AI supercomputer that aims to be the fastest in the world when completed in mid-2022. Meta plans to hire 10,000 people in Europe to help develop the Metaverse and people are excited about it. However, critics have asked whether big corporations should be allowed to dominate the creation of such worlds – and

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  • Watch The Reason behind Google to acquire Mandiant | Technology | VARINDIA News Hour Video
    The Reason behind Google to acquire Mandiant | Technology | VARINDIA News Hour

    The Reason behind Google to acquire Mandiant | Technology | VARINDIA News Hour

    Tech is the most important enabler of remote work. Cloud services are increasingly ubiquitous. An attack on a service can impact businesses globally. Google’s acquisition is a sign of how important cybersecurity is today. There were millions of new positions that have been created and filled since February 2020, meaning that IT Departments will be inundated with thousands of new devices coming onto their networks for the first time. Many employees will have onboarded remotely, others will have allowed family members to use their devices, and more will have undoubtedly accessed vulnerable public networks. As a result, the risk of overprivileged devices accessing corporate resources will be huge in the coming weeks. If phones and laptops are brought into the office without a thorough security check, any malware on them could erupt into the entire network. It may also be the first time that many organizations have had the chance to properly manage and audit devices of those who have left employment during the past year. There is a need for A zero trust security framework, clearly offers the most efficient and cost-effective way to secure the Everywhere Workplace. Mandiant provides a SaaS security platform called Mandiant Advantage. Because it is SaaS it can be deployed rapidly as well as complement existing security protocols and processes and according to Gartner, hybrid workplaces are here to stay, and remote workers will make up 32% of all employees worldwide by 2024. Businesses face myriad challenges shifting to this hybrid landscape.

    Cybersecurity fundamentals have become even more important due to constant attacks via ransomware, malware and a host of other threat vectors, hence creating a global security imperative. The cloud represents a new way to change the security paradigm by helping organizations address and protect themselves against entire classes of cyber th

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