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The startup ecosystem has much to cheer about from the budget – from nixing the angel tax to slashing TDS for ecommerce operators and plans to set up export hubs, among other measures. We decode the fineprint of Budget 2024 in today’s ETtech Top 5.
Happy Tuesday! Lending startup Kreditbee has moved its domicile from Singapore to India. This and more in today's ETtech Morning Dispatch.
India’s tech startup landscape underwent a dramatic change after the Covid-19 pandemic, the Economic Survey noted. This and more in today’s ETtech Top 5.
Tech Bytes
Meta content moderation vendors hit by global cyber outage
The social media giant experienced a SEV1 as a result of the disruptions, a source familiar with the matter told Reuters, using Meta's term for a "code red"-style alert involving high-stakes problems with its systems that require urgent attention.
Australia warns of malicious websites after cyber outage
ASD issued a warning following CrowdStrike's global outage on Friday, affecting banks, airlines. Commonwealth Bank faced transfer issues, Qantas and Sydney airport had delays. Prime Minister Albanese assured no critical damage. Cyber Security Minister Clare O'Neil warned of scams. ASD advised using official CrowdStrike channels. CrowdStrike, valued at $83 billion, has 30,000 subscribers.
CrowdStrike: All you need to know about cybersecurity giant behind global IT outage
CrowdStrike, the cybersecurity company behind a massive global IT outage, is the leader in its sector, known for building software defenses for the cloud computing age and exposing Russian and North Korean threats. But cloud computing giants Microsoft, Amazon and Google provide their own cybersecurity software and are also rivals.