Shaktikanta Das,Governor,RBI RBI Governor Shaktikanta Das said to...
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Indian lenders lag global peers on cybersecurity spends, BCG Says
Digital payment frauds saw a more than fivefold jump to 14.6...
California lawmakers pass AI safety bill
The bill requires developers of large "frontier" AI models to take...
Climate scientists swap fieldwork for high-paid finance jobs
Asset manager Schroders said it has more than 10 staff with scientific backgrounds in its insurance-linked securities team, including people with PhDs in climatology. Its sustainable investing team has grown by four people to 22 in the last year and is planning further expansion.
White House blames Russian spy agency SVR for SolarWinds hack: statement
While some national security experts say the SolarWinds hacking operation could be viewed as a traditional espionage activity that is not uncommon between government hackers, the Treasury Department in its statement said the “scope and scale of this compromise combined with Russia’s history of carrying out reckless and disruptive cyber operations makes it a national security concern.”
The British want to clean up outer space
John Auburn, Astroscale’s managing director and group chief commercial officer in the UK, says that not only could this make space safer, but it could also reinvigorate his country’s space sector. “What the UK industry is pushing now is a complete end-to-end debris removal mission,” he says. “This would be the ultimate post-Brexit space mission.”
EU set to ban surveillance, start fines under new AI rules
As artificial intelligence has started to penetrate every part of society, from shopping suggestions and voice assistants to decisions around hiring, insurance and law enforcement, the EU wants to ensure technology deployed in Europe is transparent, has human oversight and meets its high standards for user privacy.
Fears of vaccine exclusion as India uses digital ID, facial recognition
But a requirement to register for appointments on a mobile app using Aadhaar is excluding millions of people who do not have an Aadhaar ID, said Anushka Jain, an associate counsel at the Internet Freedom Foundation in Delhi.
Using facial recognition at vaccine centres risks further marginalising vulnerable people who may be misidentified and refused the vaccine, and raises fears the controversial technology could become the norm at all centres, she added.
Young Covid survivors not safe from reinfection: Lancet
“Immunity is not guaranteed by past infection, and vaccinations that provide additional protection are still needed for those who have had Covid-19,” said Professor Stuart Sealfon, from the Icahn School of Medicine at Mount Sinai, the US.
India daily increase of record 234,692 COVID-19 infections
India’s deaths from COVID-19 rose by 1,341 to reach a total of 175,649, the data showed.
India may witness 1,750 deaths per day due to Covid-19, surging to around 2,320 by the first week of June, according to a report of the Lancet Covid-19 Commission by India Task Force members.
Customer privacy, data protection non-negotiable: RBI deputy governor
“We must generate trust amongst the customers that their data is safe and secure in all their financial relationships with regulated entities and for that – innovation and regulation should go hand-in-hand,” he said while speaking at a webinar on Open Banking organised by Tata Consultancy Services (TCS) in association with the Embassy of India in Brazil on April 14. RBI posted the speech on Friday.
Vaccination not shield against COVID, can reduce severity, lower fatality: Experts
From Delhi to Chennai and even in tier-2 cities like Patna, cases of vaccination beneficiaries contracting the coronavirus infection have been reported in the last couple of months.
Lloyd’s Lab announces its sixth cohort with a focus on product simplification and climate
For the sixth cohort, the InsurTech start-ups have been selected based on solutions geared towards four key themes: climate change and decarbonisation; geopolitics; data and models; and claims support services. The teams will explore how they can support Lloyd’s customers around the world by creating simpler products capable of responding quickly in the aftermath of a disaster.