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Tag: Aadhaar

11 questions on Aadhaar and its misuse, answered by the UIDAI

11 questions on Aadhaar and its misuse, answered by the UIDAI

Finance
After a recent report exposed how access to the Aadhaar database could be bought on the internet only for Rs 500, a lot of concerns were expressed over the security of private data of citizens on the government portal. The Unique Identification Authority of India (UIDAI) had clarified that it was just a case of unauthorised access to the Aadhaar website and no biometric data was stolen. The incident led to a big debate over the security of Aadhaar database. There were a number of unanswered questions that created a lot of confusion among the people. Even as a five-judge Constitution Bench is hearing a crucial case on its validity, the UIDAI has issued detailed FAQs on the safety and security of the Aadhaar database. Below are the answers to all your doubts about Aadhaar: 1) UI...
Aadhaar faces biggest test tomorrow, here's what you should know

Aadhaar faces biggest test tomorrow, here's what you should know

Finance
NEW DELHI: Five years after the first petition was filed challenging the validity of Aadhaar, a Supreme Court bench headed by Chief Justice of India Dipak Misra will begin hearing the petitions against Aadhaar tomorrow. In August, a nine-judge Constitution Bench headed by then Chief Justice of India JS Khehar had ruled that privacy was a fundamental right guaranteed under the Constitution. Now the government has to convince the Supreme Court that forcing citizens to give a sample of their fingerprints and their iris scan does not violate privacy. The government can only place reasonable restrictions on limited grounds such as national sovereignty and security, public order, decency, etc, as specified in Article 19 (2) of the Constitution. The petitioners are challenging the nature ...
UIDAI introduces new two-layer security system to improve Aadhaar privacy

UIDAI introduces new two-layer security system to improve Aadhaar privacy

Finance
To strengthen safety and security of Aadhaar holders, the Unique Identification Authority of India (UIDAI) today introduced new layers of security of Virtual and limited Know Your Customer (KYC) to improve privacy. According to a ET Now report, the authority has introduced virtual ID for Aadhaar holders to use instead of Aadhaar number. Virtual ID will be used to avoid any need to share Aadhaar number at the time of authentication. Virtual ID will be 16 digit randomly-generated virtual number, which will be used for authentication instead of Aadhaar number. It will not be possible to locate your Aadhaar based on your virtual id. All agencies will migrate to the new system by June 1. Besides Virtual ID, the agency has also introduced limited KYC facility. Limited KYC will provid...
Aadhaar sitting duck for cyber criminals, says RBI-backed research

Aadhaar sitting duck for cyber criminals, says RBI-backed research

Finance
After a newspaper report claimed breach in Aadhaar database and that access to crucial info was available for an amount as little as Rs 500, concerns over the security of personal data have heightened. While the report could not be independently verified, even if the database cannot be breached, the worry is not unfounded. A study by a think tank affiliated with the Reserve Bank of India (RBI) too suggests that. A staff paper published by the Institute for Development and Research in Banking Technology has flagged serious safety issues. The paper, which attempts to trace the adoption of biometrics in India by the banks and the Unique Identification Authority of India (UIDAI), also studies costs and benefits of Aadhaar. "Aadhaar faces a number of challenges over the short and l...
Aadhaar, PAN to be linked to insurance policies by March 31

Aadhaar, PAN to be linked to insurance policies by March 31

Finance
CHENNAI: India's insurance regulator on Monday extended the time to link Aadhaar number to insurance policies till March 31, 2018. In a circular issued on Monday to all the life, non-life (including standalone health insurers) the Insurance Regulatory and Development Authority of India (Irdai) said the date of submission of the Aadhaar Number and Permanent Account Number or Form 60 by clients to reporting entity is March 31, 2018. The Irdai cited the central government's gazette notification on December 13, relating to Prevention of Money-Laundering (Maintenance of Records) (Seventh Amendment) Rules, 2017. On November 8, the Irdai had directed the insurers to link Aadhaar and Pan Card numbers with insurance policies. "These rules have statutory force and, as such, life and gene...