infrastructure | Common News Update

Dec292018 by adminNo Comments

Strengthen NCLT infrastructure to speed up resolutions: RBI

Finance

Mumbai: The central bank has called for strengthening the infrastructure at the National Company Law Tribunals (NCLT) to ensure time-bound resolution of stressed-asset loans in the banking sector, where the problem of mounting bad debt has prompted curbs on the normal operations at several high-street lenders. In its Trends and Progress in Banking for 2017-18 released on Friday, the Reserve bank of India (RBI) underscored the need to strengthen the NCLT infrastructure to accommodate the likely large number of cases that may be referred to the dedicated bankruptcy courts. Better resolution will also have a bearing on the future of the loan repayment culture in India, where the Insolvency and Bankruptcy Code (IBC) was enacted in December 2016 to quicken insolvency resolutions. “Minimis...

Jul182018 by adminNo Comments

Sea level rise threatens internet infrastructure, new research shows

Science

July 17 (UPI) -- Sea level rise threatens the internet, according to a new study by researchers at the universities of Wisconsin and Oregon. Thousands of miles of fiber optic cable are laid beneath several major coastal cities. Large swaths of this vital communications infrastructure could be underwater in less than 15 years, researchers warn. "Most of the damage that's going to be done in the next 100 years will be done sooner than later," Paul Barford, a professor of computer science at Wisconsin, said in a news release. Most people use wireless technology to connect to the world wide web, and cloud computing remains a popular buzzword, but the internet remains rooted in the ground. In addition to cables, rising seas could damage data centers, traffic exchanges and termination points, ...

Apr172018 by adminNo Comments

'Kremlin hacking critical national infrastructure in UK'

Technology

The Russian government is attacking critical national infrastructure in the UK and the US, security agencies have warned.In a joint technical alert issued by the UK's National Cyber Security Centre (NCSC), the FBI and the US Department for Homeland Security (DHS), the Kremlin is accused of being behind an on-going hacking campaign.The primary targets of the campaign are government and private-sector organisations, as well as critical infrastructure businesses and the internet service providers supporting those sectors.According to the alert the attackers are attempting to secure access to computer networks for espionage purposes and to "potentially lay a foundation for future offensive operations".In a media briefing at the time of the statement, Ciaran Martin, the head of NCSC, confirmed ...

Jul182017 by adminNo Comments

Foreign hackers penetrating UK infrastructure

Technology

Foreign hackers have penetrated the UK's critical national infrastructure, including parts of the national grid, a leaked document has revealed.The document, produced by the UK's National Cyber Security Centre (NCSC), says the intelligence and security agencies believe attackers have compromised organisations connected to the UK grid.The eight-page file - excerpts of which were published by Vice Motherboard - was created as part of the data-sharing efforts between government and industry spearheaded by the NCSC, a part of GCHQ.It warns that the agency has detected signs of foreign interference within the energy sector."The NCSC is aware of connections from multiple UK IP addresses to infrastructure associated with advanced state-sponsored hostile threat actors, who are known to target the ...