Technology
Alive OneScan Pro: You Get What You See
Alive OneScan Pro is a new way to search—visually. Use your phone camera to click/scan a product, logo image or newspaper ad and let the app discover for you the same, or similar items, instantly. You also have the option to buy the selected items online.
 
Did you like a T-shirt shown in a print ad? Scan the product in the ad and see instantly where it is available online. Do you want a shoe or watch similar to what your friend is wearing? A book in a colleague’s library? OneScan it, discover and buy it. Alive Pro also scans 3D QR codes and deciphers what lies beneath them. You don’t need a separate app for that now.
 
Just open the app and focus on the image or product you are looking for. Tap the scan button and see where it is available online. Also see similar products available, simultaneously. Buy immediately, or later. Search was never so easy. Visit http://www.aliveonescan.com to know more.
 
 

User

Interlinking IDs Is Dangerous
During a recent workshop, one of the participants asked me whether it is a good idea to link his Aadhaar number to all his bank accounts. The idea of having a single point of existence (Aadhaar) and linking it with everything else appears good, on paper.
 
Going a step ahead, the government will also try to link this instrument or identification (ID) with everything like bank accounts, all types of connections, social media and various apps. There are news reports that WhatsApp, one of the most popular messaging apps in India, is planning to offer peer-to-peer payments from its platform. Some banks had already explored the idea of using other social media, like Facebook, for payments; but the response to this is not so encouraging. However, all this may prove costly, in case there is a data breach or somebody steals the single point, ‘everything’, ID. 
 
At present, we have two-factor authentication (2FA) for financial transactions conducted online. This includes the user’s password and a one-time password (OTP) which help in protecting the customer. For example, if I want to buy and pay for something online, I will have to use my login ID, password and the OTP that is sent to my registered mobile number and/or email ID. This helps to avert misuse, to a large extent. Therefore, anyone who wants to misuse my credentials will need to know my login ID, password and access to my mobile phone or email ID. Obtaining all these details is difficult under normal circumstances. 
 
However, when you use a single or random number assigned to you as login and use fingerprint as authentication, there is a big danger. This was exposed in a recent case, where some people looted around Rs25 crore from Bank of Maharashtra through the unified payment interface (UPI) app. Although, it was blamed on a bug in the app, the fact is that not one of the customers from the Bank had any presence during the transactions. Their bank account numbers and authentications were simply bypassed. 
 
In an article, Anand Venkatanarayanan, a senior engineer at Netapp says, “...systems that use biometrics for authentication, usually are deployed in controlled environments, which limit their usage to two- or three-factor authentication and not as a primary means of authentication... How would a normal user know that their biometrics is being stolen by a fake, certified scanner from standardisation testing and quality certification (STQC) agency? The answer is probably ‘never’, until it is too late.”
 
This is exactly the danger; it multiplies several-fold when you interlink everything under the sun, be it your bank accounts, driving licence, permanent account number (PAN) or passport. With the flood of payment apps based on UPI and linking (all) bank accounts with Aadhaar, your Aadhaar number would be floating around and it is quite easy for a cybercriminal to steal money from your account. In addition, one can even receive or seek payment through the UPI apps. All you need to do is to send a request from the UPI app. Considering the literacy level, and our behavioural biases, a majority of people would happily touch the ‘Yes’ button for any such payment request. The person will come to know about the loss only when he reaches the bank or checks the account statement. 
 
So, what is the solution? Try not to link every bank account of yours with a single ID. Make sure you enable email and SMS alerts for all your bank accounts and ask the bank to alert you for every transaction. Do not share your Aadhaar or mobile number, especially for financial transactions.
 

User

COMMENTS

shrikant sundaram

4 months ago

When the govt itself is forcing such a dangerous move means there is much to lose now in this nation of virtual authocracy. Well timed article but with this new policy to link every bank ac with aadhar just as a means to track money transactions, banks forcing cust. to pay charges even for closing accounts in order to bring even order to scattered financials, forcing single tax 'reforms' seems we are moving back to jazia tax times.. God, if there is one, save Indians

Vijaykumar Kilar B

6 months ago

OTP seems to be the only protection provided it is with you or one is not under duress. Need one more protection from another mobile for large transactions

Google Fit: Helps Keep You on Your Toes
Whether you are a fitness freak or simply want to improve and monitor your fitness, Google Fit is for you. Once installed, it effortlessly tracks your activity. Your phone or Android Wear Watch will log all your activities during the day and give you an updated report.
 
Apart from giving you the stats, it also motivates you to achieve more. If you fall behind on one day, it will encourage you to catch up and go for better performance. You can also set your fitness goals and track how you are doing against your goals. You can set goals based on steps, time, distance, calories burned and receive personalised recommendations and coaching for activity goals.
 
You can check in from anywhere. Track your progress from your phone, tablet, the web (fit.google.com) and even your Android Wear Watch.
 
It also links to, and aggregates from, many other devices to track fitness, nutrition, sleep and weight, like Android Wear, Nike+, Runkeeper, Strava, MyFitnessPal, Lifesum, Basis, Sleep as Android, Withings, and Xiaomi Mi bands. 
 
Stay Fit with Google Fit. Android: https://goo.gl/43nZOM
 

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Online Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine)