Midnight Web by Rahul Banerjee

                       Indian IT stocks were bleeding on Wednesday, February 4. The trigger was news that Anthropic had launched new AI tools capable of automating tasks in legal, compliance, marketing, and data analysis areas traditionally serviced by software firms and IT service providers. Adding to the pressure was the strength in the Indian Rupee, which typically weighs on export-heavy IT companies by hurting margin expectations. Indian IT stocks (Infosys, TCS, Wipro) are down 6% today following the global SaaSpocalypse. On February 3 and 4, 2026, global markets saw a $285B software sell-off. Traders called this the SaaSpocalypse. On February 2, 2026, Anthropic AI (a rival to OpenAI) launched Claude Cowork, a tool causing the IT sector crash today. Anthropic built Cowork using its own AI, Claude Code, in only 1.5 weeks. This is an Agentic AI tool for businesses, which is a new category of AI that acts without human ...

‘’A phone farm is a collection of multiple smartphones used simultaneously to generate income through various apps and services, such as watching ads, completing surveys, or mining cryptocurrency.’’ Back in October, word started making the rounds of an AI startup called Doublespeed. Backed by venture capital firm Andreessen Horowitz, Doublespeed offers customers a unique service: access to a massive phone farm that could be used to operate hundreds of AI-generated social media accounts. Now, 404 Media reports in an explosive scoop that Doublespeed has been hacked. This wasn’t just one account associated with the startup, but the entire backend used to manage its phone farm — so it provides an extraordinary glimpse at how the service is actually being used to manipulate social media at scale. Speaking to 404 on condition of anonymity, the hacker said they can “see the phones in use, which manager [computers controlling the phones] they had, which TikTok accounts ...

  India's cybersecurity landscape faces a critical new threat a shockingly simple phone scam that requires no technical sophistication from fraudsters yet bypasses nearly all modern digital security measures. The Indian Cyber Crime Coordination Centre (I4C) has issued an urgent nationwide alert about a social engineering attack that uses fundamental telecom features to hijack victims' financial lives. Unlike phishing or malware, this scam exploits the trusted USSD protocol, making every mobile user from smartphone owners to basic feature phone users equally vulnerable. This is where the technical deception occurs. The provided code isn't a verification string but a  USSD command activating unconditional call forwarding.   Typically formatted as *21*[Scammer's Phone Number] #, this sequence when dialled and pressed call silently reroutes all incoming calls to the fraudster's device. The victim might hear a standard confirmation tone or see a "service activated...

  The Indian government has issued an emergency order to X (formerly Twitter), directing the Elon Musk-owned platform to immediately overhaul the safeguards on its AI chatbot, Grok. The directive follows user reports and a lawmaker’s complaint that the tool was being used to generate “obscene” AI-altered images, including non-consensual edits of women into bikinis. In an order issued Friday, India’s IT Ministry gave X 72 hours to implement “technical and procedural changes” that prevent Grok from creating content involving nudity, sexualization, or any other unlawful material. The platform must also submit a detailed report outlining the corrective steps taken. The government’s warning was stark: failure to comply could strip X of its “safe harbour” protections in India the legal shield that protects platforms from liability for user-generated content. The crackdown began after users demonstrated how Grok could easily alter images of individuals, primarily women, to make them...

Ten apps are required to block anyone under 16 from holding an account: YouTube, TikTok, Snapchat, Instagram, Facebook, Reddit, X, Threads, Kick and Twitch in Australia. As children seek ways to circumvent the ban, little-known social media apps Lemon8, Yope and Coverstar remain accessible and have shot to the top of Apple's App Store charts. Other apps that are included in the restrictions appear not to be enforcing them. One teenager writes on reddit he'd been kicked off platforms owned by Meta - which include Instagram, Facebook and Whatsapp - but still had access to Snapchat. Others have written of trying to fool the age verification algorithm using makeup and other strategies. Some teens have posted on TikTok declaring they "survived" the ban. Law & Regulatory Framework It prohibits minors under 16 from holding accounts on specified age-restricted social media platforms. Platforms must take “reasonable steps” to prevent under-16s from creating...

The Indian telecom department describes Sanchar Saathi as a citizen-centric tool that "brings robust security features and fraud-reporting capabilities directly to users' smartphones. The app complements the existing Sanchar Saathi portal by providing convenient, on-the-go protection against identity theft, forged KYC, device theft, banking fraud, and other cyber risks.’’ Last week, the Department of Telecommunications ordered mobile manufacturers and importers to facilitate the availability and accessibility of the Sanchar Saathi app on devices for users in India. According to my research, the Indian government had asked companies such as Apple, Samsung and Xiaomi to pre-install the app within 90 days. Reports also said that Apple was unlikely to oblige to the diktat from the government. The directive, as expected, created a wide outrage with privacy advocates raising concerns over the government overreach and possibilities of government snooping. The move also met crit...