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Technology Threats
Chinese App Ban Cyberspace India Social Media threats Technology Technology Threats

MCA to Strike Off 400 Chinese Companies for Fraud in India

 

The Ministry of Corporate Affairs (MCA) is preparing to strike off as many as 400 Chinese companies operating in India due to severe financial irregularities and incorporation-related fraud. These companies, which primarily deal in online loans and job services, are spread across 17 states, including key areas such as Delhi, Mumbai, Chennai, Bengaluru, Uttar Pradesh, and Andhra Pradesh. According to a report by Moneycontrol, which cited an anonymous government official, the action is expected to be completed within the next three months. 

The MCA has been investigating nearly 600 Chinese companies, focusing on those involved in digital lending and online job platforms. The official stated that the investigation phase has concluded, revealing that 300 to 400 of these companies are likely to be struck off the register. 

The primary reasons for this drastic action include predatory lending practices, financial fraud, and violations of India’s financial regulations. These Chinese companies have come under scrutiny for a variety of reasons. Many of them have been accused of engaging in aggressive tactics to recover loans, imposing exorbitant interest rates on borrowers, and resorting to harassment. 

Additionally, several companies have been found to have Indian directors but operate with Chinese bank accounts, with no recorded financial transactions in India. This has raised suspicions of money laundering and other financial crimes. Furthermore, some companies were not found at their registered office addresses, while others were discovered to be investing in businesses unrelated to their stated purpose, further indicating potential financial fraud. 

Under Section 248 of the Companies Act, the process of striking off a company from the register takes approximately three months. The MCA first issues a notice to the company, allowing time for a response. If the company fails to respond, a second notice is sent after one month. Should there be no reply even then, the company is removed from the register.  

This sweeping action by the MCA underscores the Indian government’s ongoing efforts to regulate the digital lending space and ensure financial transparency, particularly in light of the growing concerns around the proliferation of predatory lending apps in the country.
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User Security
Chinese App Ban Cyber Security Cyberwarfare Data Privacy US Citizens User Security

Chinese-Designed Apps Pose Greater Privacy Risks to Americans

 

As the US Congress considers a ban on the Chinese social media app TikTok over security concerns, millions of Americans continue to download Chinese-designed apps that pose even greater privacy risks. Despite this, there has been no outcry from lawmakers or regulators about these apps.

Chinese apps have been growing in popularity in the US, with many of them collecting vast amounts of user data. Unlike TikTok, which has faced scrutiny over its data privacy practices, these apps have largely flown under the radar. 

One such app is WeChat, a messaging app that has become a popular way for Chinese-Americans to stay in touch with friends and family in China. WeChat has been accused of monitoring users’ conversations and sharing data with the Chinese government. 

Another app that has raised concerns is Zoom, a video-conferencing app that has seen a surge in popularity due to the COVID-19 pandemic. Zoom has been criticized for its lax security practices and for sharing user data with third-party companies. 

Despite these concerns, many Americans continue to use these apps without fully understanding the risks involved. This is partly due to a lack of awareness about the potential dangers of Chinese-designed apps, as well as a lack of viable alternatives.

While the US government has taken steps to restrict the use of Chinese technology in certain industries, such as telecommunications, it has yet to take action against Chinese-designed apps. This has left Americans vulnerable to potential privacy breaches and other security risks. 

In conclusion, the debate over TikTok has brought attention to the potential privacy risks posed by Chinese-designed apps. However, it is important for lawmakers and regulators to also consider the risks posed by other apps, and to take steps to protect American consumers from these risks.
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US Government
Canada Government Chinese App Ban Chinese Apps Cyber Security Data Security Tiktok TikTok TikTok Ban US Government

Here are the Countries That Have Imposed TikTok Ban


This week, the U.S. and Canada have issued orders to ban the use of TikTok on state-issued gadgets, following the raising cybersecurity concerns over the video-sharing app. 

Bytedance, the Chinese company that owns TikTok, has long insisted that it does not exchange data with the Chinese government and that it does not store any of its data there. 

The company alleges that the app is independently managed and refutes claims that it collects more user data than other social media sites. However, many countries tend to have erred on the side of caution when it comes to the platform and their ties to China. 

We are listing the countries and regions that have either imposed a partial or a complete ban on TikTok: 

INDIA 

India imposed a ban on TikTok along with several other Chinese apps like messaging app WeChat in 2020, following concerns over user privacy and cybersecurity. 

The ban was implemented shortly after a clash between Indian and Chinese troops in a military dispute on the Himalayan border, which resulted in the death of 20 Indian soldiers and injured dozens. The corporations were given the chance to respond to inquiries about privacy and security requirements, but the ban was rendered permanent in January 2021. 

TAIWAN 

Following a warning issued by the FBI that TikTok presented a threat to national security, Taiwan banned the app from the public sector in December 2022. Chinese-made software, including apps like TikTok, its Chinese version Douyin, or Xiaohongshu, a Chinese lifestyle content app, is not permitted to be used on government equipment, including smartphones, tablets, and desktop computers. 

UNITED STATES 

This week, the US announced that the government authorities have 30 days to delete TikTok from federal devices and systems. The ban is applicable only to state-owned devices. China reacted angrily to the American decision to block TikTok, accusing the United States of abusing its power and stifling foreign companies. 

Also, the software is prohibited from being used on official devices in more than half of the 50 U.S. states. 

CANADA 

Following the announcement made by the US, Canada announced that the government-issued devices must not use TikTok on Monday, noting that the app could put the devices’ privacy and security at stake. In the future, the employees may as well be restricted to download the application. 

EUROPEAN UNION 

TikTok has been banned on employee devices by the European Parliament, European Commission, and EU Council, three of the major EU organizations. The embargo imposed by the European Parliament becomes effective on March 20. It has been advised to lawmakers and staff to uninstall the app from their personal devices. 

PAKISTAN 

Since October 2020, Pakistani authorities have briefly banned TikTok at least four times due to worries that the app encourages immoral content. 

AFGHANISTAN 

In 2022, the Taliban leadership in Afghanistan outlawed TikTok and the Chinese game PUBG, citing the need to prevent children from "being misled."  

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