Jitin Prasada,Minister of State for Electronics and IT From hefty...
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Global IT outage: Enhancing cyber resilience
The incident highlights the need to shift our perception of...
Global IT outage: A ‘huge wake-up call’ for cyber insurance industry
Insurers are expecting a "wave of notifications" in the coming...
Munich Re partners with Google Cloud and Allianz for Cyber Insurance
The joint offering, achieved by linking technology with insurance know-how and facilitating the sharing of in-depth data, brings a new level of maturity to the market.
Munich Re and AGCS have developed the Cloud Protection + policy exclusively for Google Cloud customers.
The policy will initially be offered to Google Cloud customers in the United States and will be available to organisations with revenues of between US$ 500m and US$ 5bn. At a later stage, the scope will be extended to include organisations in other revenue segments and countries.
Swiss Re partners with radar satellite-based flood monitoring provider ICEYE
The partnership announced today will advance Swiss Re’s natural catastrophe services by enabling early warning systems and near real-time flood monitoring built on ICEYE’s world-leading flood monitoring capabilities with radar satellite imaging.
Pranav Pasricha, Swiss Re’s Global Head of P&C Solutions: ”By combining Swiss Re’s risk knowledge with ICEYE’s data, we will be able to further expand our capabilities in geo and remote sensing. The partnership will enable us to develop solutions, advance our services to the benefit of our clients and enable faster claims payouts. We see this as an important commitment for a serious natural catastrophe threat and think it could become a real game changer.”
Human error, not Chinese cyber attack’, says Union Power Minister on Mumbai 2020 blackout
“We are already alert about this. Our transmission system can be shut out by a cyber attack. We had set up a committee concerning this two years ago and received recommendations from the committee. We were cautious before and will be cautious in future because this danger has not yet gone,” the power minister added.
India’s present overall case positivity rate suggests COVID-19 close to being under control
Addressing a weekly press conference, Union Health Secretary Rajesh Bhushan said though certain states, including Maharashtra, Kerala, Tamil Nadu, Punjab, Gujarat and Madhya Pradesh, are seeing a surge in number of COVID-19 active cases, ”the fact remains that recovered cases are still more than 97 per cent and India’s total active cases are less than 2 per cent (1.51 per cent)”. Bhushan said that central teams have been deputed to Maharashtra, Tamil Nadu, Punjab, Gujarat and Madhya Pradesh.
Sagarmala Dev Co inks pacts for maritime projs worth Rs 11,870 cr
SDCL has signed MoUs in relation to the development of product-specific warehouse, operationalisation of specialised vessels such as Ro-Ro, cruise and to explore various investment opportunities available for the development of ports and maritime-related activities, Dilip Kumar Gupta, Managing Director and Director (Projects), Sagarmala Development Company said.
Insurtech platform premiums to exceed $556 Billion globally in 2025, as AI drives market transformation
Insurtech to Represent 8% of Global Insurance Premiums by 2025
The top 5 leading vendors were found to be:Ping An,Axa,Munich Re,Humana and Allianz.
The report identified that weakened customer loyalty, and the driving down of premiums by increased competition and the shift to digital will cause seismic change in insurance over the next five years.
Chinese hackers target Indian vaccine makers SII, Bharat Biotech, says security firm
Goldman Sachs-backed Cyfirma, based in Singapore and Tokyo, said Chinese hacking group APT10, also known as Stone Panda, had identified gaps and vulnerabilities in the IT infrastructure and supply chain software of Bharat Biotech and the Serum Institute of India (SII), the world’s largest vaccine maker.
“The real motivation here is actually exfiltrating intellectual property and getting competitive advantage over Indian pharmaceutical companies,” said Cyfirma Chief Executive Kumar Ritesh, formerly a top cyber official with British foreign intelligence agency MI6.
COVID times: Airlines industry awaits guidelines for vaccinated passengers
IATA Regional Director for Airports and External Relations (Asia Pacific) Vinoop Goel said regulations and restrictions related to travel are determined by governments, adding that it hopes that the governments will consider relaxing travel restrictions for vaccinated persons.
Mumbai power outage could have been Chinese cyber sabotage, says minister
Deshmukh was speaking a day after a New York Times report said that the power outage on October 12 last year was part of a Chinese cyber campaign against India, even as the two countries were locked in a fierce border battle.
Less than 10 pc of world’s population have coronavirus antibodies: WHO Chief scientist
The only way to achieve mass herd immunity is through vaccination, the WHO chief scientist stressed.
According to Swaminathan, the currently approved vaccines offer good protection against severe disease, hospitalization and death from COVID-19. The vaccines’ effectiveness with regard to mild disease and asymptomatic coronavirus infection is still being studied.