Technology
Indian businesses lost $1 mn from data loss in one year: EMC
Indian businesses lost over $1 million from data loss and downtime in the last 12 months, a survey by EMC Corporation -- the world's largest data storage multinational -- revealed on Tuesday.
 
"Organisations are getting better at protecting themselves against traditional threats to data but new threats mean that despite progress, more businesses are losing data than before," said Ripu Bajwa, Country Manager-Data Protection Solutions at EMC in a statement.
 
Highlighting the growing challenges of protecting data, the research commissioned by EMC and carried out by technology market research provider Vanson Bourne revealed that average cost of data loss to Indian organisations was more than $114,000 while globally, the costs was more than $914,000. 
 
In India, 46% of organisations suffered unplanned system downtime and/or data loss due to an external or internal security breach, the study found.
 
While majority (over 80%) of businesses think that their organisation's current data protection solution will not enable them to meet all future business challenges, Cloud is changing the game for Indian organisations when it comes to data protection.
 
In India, on average, 34% of organisations have their IT environment in public Cloud and more than 60% organisations believe that not all their data stored in the Cloud is protected.
 
"Our customers are facing a rapidly evolving data protection landscape on a number of fronts, whether it's to protect modern cloud computing environments or to shield against devastating cyber attacks. Our research shows that many businesses are unaware of the potential impact and are failing to plan for them, which is a threat in itself," noted David Goulden, CEO, EMC Information Infrastructure.
 
Nearly half (54%) of organisations surveyed in India were not very confident they could fully recover their systems or data in the event of data loss or unexpected systems downtime. 
 
Moreover, only 42% of respondents said they were confident that their solutions would be able to keep pace with the faster performance and new capabilities of flash storage. 
 
Ransomware is dramatically raising the stakes when it comes to cyber security. 
 
"We're moving from theft, which is costly, to potential catastrophe. There are forces at play now that aren't satisfied with just stealing your money; they want to destroy your entity. You can either start taking these threats seriously or start looking for a hole to crawl into," Goulden added.
 
To address the threats, EMC has announced to launch a new "Isolated Recovery Solutions" line to help organisations "air gap" a protection instance of their data from the networked enterprise.
 
The EMC-sponsored global research survey covered IT decision-makers at 2,200 organisations to index data protection maturity, threats and trends.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Sindhutai Sapkal: Online petition making waves, CM Fadnavis, Ministers Maneka Gandhi, Piyush Goyal promise swift action
An online petition seeking justice for noted social reformer Sindhutai Sapkal alias Mai, the mother of orphans, initiated by Founder-Trustee of Moneylife Foundation, Sucheta Dalal, has so been signed by 20,419 people (at 5.45pm, as on 5 July 2016), from across the country. The petition hosted in Change.org seeks to prevent over 1000 children from being forcibly returned to government orphanages. Here is the link to the online petition https://www.change.org/p/devendra-fadnavis-stop-harassing-sindhutai-sapkal-don-t-close-down-her-orphanages. The petition has got the government to act. 
 
While Maharashtra Chief Minister Devendra Fadnavis told Moneylife that state government "has started the process", Union Women and Child Development Minister Maneka Gandhi said she had asked the state government to intervene in the issue. Earlier, immediately after hearing about the online petition, Union Minister for Power Piyush Goyal too had offered help.
 
In a message, CM Fadnavis said, "We have started the process." Later the CM's Office CMO tweeted about asking the concerned official to grant permission to Mai's organisation.
 
CM Devendra Fadnavis, Sindhutai Sapkal, Sanmati Bal Niketan
 
Union Minister Gandhi, in a tweet on Monday also said she is examining the issue of Sindhutai's orphanages. 
Ms Dalal had said in the petition that "the government orphanages are severely underfunded and overpopulated. There is no room for these children and their lives will be destroyed by this hasty decision. Sindhutai Sapkal has dedicated her whole life to bringing up orphaned children with singular dedication and devotion. The quality upbringing she provides these children - including food, stay and education - has led to many of these children growing up to become lawyers and doctors. Sindhutai has been trying to get her orphanages registered since 2011. The Government made her run around and refused to cooperate. Now they want to shut her down for not being registered." 
 
The online petition is addressed to CM Fadnavis and Union Minister Gandhi to help Sindhutai continue her great work.
 
As reported by Moneylife, Maharashtra’s Department of Women and Child Development (WCD), pressures Sapkal to oust orphans residing in her Sanmati Bal Niketan and hand them over to the department to rehabilitate them to government orphanages. Reason? Because Sanmati Bal Niketan is not registered with WCD and hence, is being considered as an illegal entity. This, despite Sapkal running from pillar to post, since 2011, in order to have the institution registered.
 
Maharashtra has no funds for its own orphanages, but was attempting to orphan the ‘Mother of Orphans’. Recently in the WCD committee meeting held at Aurangabad, its minister, Pankaja Munde did not take any decision on the financial grant of Rs200 crore, for meals for the 150-odd government orphanages in Maharashtra, due to alleged lack of funds. This has sent nervous signals across orphanages in the state.

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COMMENTS

S.S.A.Zaidi

11 months ago

I am so happy .But did it need a petition???

Dr. Rakesh Goyal

11 months ago

CONGRATS

subramanian dharmarajan

11 months ago

the title of the petition could have been more respectful.it seemed as if the MH CM was directly involved in this.Just like pm modi is held directly responsible if someone has constipation..And hopefuly a thank you note is also due from sucheta and company.

Suketu Shah

11 months ago

The power of unity in a positive direction.Congrats Ms Dalal and moneylife.Congrats respected CM Mr Fadnavis for jet speed quick action-Maharashtra's best CM ever.

List of new ministers who joined Modi government
New Delhi : Minister of State Prakash Javadekar was sworn in as a cabinet minister on Tuesday as Prime Minister Narendra Modi brought about major changes in his ministry.
 
In a solemn function at Rashtrapati Bhavan, others who joined his ministry as Ministers of State included Faggan Singh Khulaste, Vijay Goel, M.J. Akbar, S.S. Ahluwalia and Ramdas Athavale.
 
Here is the list of new ministers in Prime Minister Narendra Modi's government:

Minister of State for Environment Prakash Javadekar elevated to cabinet.

The 19 new Ministers of State:

Faggan Singh Kulaste
SS Ahluwalia
Ramesh Chandappa Jigajinagi
Vijay Goel
Ramdas Athavale
Rajen Gohain
Anil Madhav Dave
Purushottam Rupala
MJ Akbar
Arjun Ram Meghwal
Jaswant Sinh Bhabhor
Mahendra Nath Pandey
Ajay Tamta
Krishna Raj
Mansukh Bhai Mandavia
Anupriya Patel
CR Chaudhary
PP Chaudhary
Subhas Ramrao Bhamre
 
A total of 19 MPs took oath on Tuesday. All of them are from the BJP barring Athavale.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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