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BlackBerry says India can’t access encrypted data

December 28, 2015 thelatestnews 0

Denying reports that it has agreed to allow access to its encrypted corporate data to Indian authorities, BlackBerry maker Research In Motion (RIM) Thursday said unscrambling encrypted email on its devices is simply not “technologically feasible.”

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India has been seeking access to all encrypted communications as the terrorists involved the 2008 Mumbai attack communicated with their handlers by using sophisticated technology. It wants the Canadian company to install a server in India to monitor this service.

However, RIM, which has got two reprieves since August and assured a solution by Jan 31, is not willing to compromise on the privacy of this encrypted service which has made its smart phones a darling of businesses.

Reacting to the report from New Delhi that it has agreed to installation of a ‘network data analysis system’ in India to let security agencies check secure BlackBerry data, RIM said it is ‘inaccurate and misleading.’

The report conveys the impression as if it is “somehow enabling access to data” transmitted through its business server system, RIM told the Canadian Press.

“This is both false and technologically infeasible,” it said.

This so-called “network data analysis system” is just a tool required to allow carriers in India to provide lawful access to its consumer services, including its instant messaging service, RIM was quoted as saying.

“This is not new information as RIM has repeatedly confirmed that it is co-operating with the government of India and enabling carriers to lawfully access consumer services to the same degree imposed on RIM’s competitors in India.”

The Canadian wireless giant has said in the past that it doesn’t have a ‘master key’ to get a third party access to encrypted corporate data under any circumstances.

According to RIM, India’s demand for installing servers in the country is meaningless as all data remain encrypted at all times through all points of transfer between the BlackBerry enterprise server and client smart phones.

The company said it was working with Indian authorities for allowing them access to its consumer services, including the highly popular BlackBerry messenger service.…

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Facebook valued at $50 bn after new investment

June 28, 2015 thelatestnews 0

Facebook has nabbed $450 million in funding from investment bank Goldman Sachs that values the social networking company at $50 billion, the New York Times reported Monday.

The company also took a $50-million investment from Russian firm Digital Sky Technologies, which has already invested some $500 million in Facebook.

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News of the investment came just days after the site was named as the most popular site in the US in 2010 as well as the most searched-for term. The company last year passed the 500 million member mark.

The investment makes the privately held Facebook worth more than media conglomerate Time Warner and tech titans Yahoo and eBay.

It also ups the fortune of Facebook’s 26-year-old founder Marc Zuckerberg, who was reckoned to be worth some $7 billion when his company’s valuation was estimated at $23 billion last year.

According to the Times, Goldman Sachs is planning to offer its Facebook shares to its clients as part of a $1.5-billion investment fund.

The report said that the money will give Facebook more firepower to lure employees from rivals such as Google, “develop new products and possibly pursue acquisitions – all without being a publicly traded company”.…

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Essar CEO Prashant Ruia questioned by CBI

February 18, 2014 thelatestnews 0

essar-telecoms-ceo-prashant-ruiaEssar Telecom’s CEO Prashant Ruia was Thursday questioned for close to two hours by the Central Bureau of Investigation (CBI) at its headquarters here in connection with the 2G telecom scam, officials said.

“The questioning has ended now and he has just left our office,” a CBI official told IANS around 9 p.m.

The investigation agency had earlier told a Delhi court that at least two telecom firms, Swan Telecom and Unitech, had received favours from the then Communications Minister A. Raja. Raja was arrested in connection with the 2G spectrum allocation scam and was Thursday sent to Tihar Jail after a court ordered his detention for 14 days in judicial custody.

Top officials of other telecom companies who were allocated spectrum and licenses for 2G mobile phone services were also questioned by the CBI.

The scam relates to irregularities in the allotment of second generation spectrum to telecom companies that caused a notional loss of Rs.1.76 lakh crore to the national exchequer.…