The lawsuit filed on Tuesday in Delaware Superior Court blames...
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AI plane crash Pilot’s father seeks another probe saying AAIB findings tarnished his son’s image
Amid speculations about the cause of the fatal crash after the...
Asia fraud scheme: ChatGPT was used ‘to help scammers do their thing’
The basic tactic: get the victim to open a crypto account, then...
Government extends subsidy on two- and three-wheeler EVs until September 30
The Electric Mobility Promotion Scheme 2024 (EMPS 2024) was launched by the Ministry on March 13, 2024, through a gazette notification. The scheme aims to boost the adoption of electric vehicles (EVs) across the country. It was originally set to run from April 1st to...
IIT Kanpur, NPTI to boost cyber security for critical power infra
“With our extensive expertise in cyber security research, this collaboration strengthens our mission to contribute to the nation’s technological advancements to prevent any further cyber-attacks on critical infrastructure,” said Professor Manindra Agrawal, Director,...
Eco- Survey flags off possible misinterpretation of principles-based regulations by private sector insurers
``Globally, the private financial sector has repeatedly shown itself to be adept at selective or misinterpretation of principles-based regulations to its benefit,’’ cautioned the report released on Monday adding that when it comes to financial products, globally,...
Centre to ensure safe & trusted AI, Internet platforms must curb deepfakes: Minister
Jitin Prasada,Minister of State for Electronics and IT From hefty penalties ranging from a minimum of Rs 50 crore to a maximum of Rs 250 crore on social media platforms for violating rules to enabling digital markets to grow more responsibly while safeguarding...
Global IT outage: Enhancing cyber resilience
The incident highlights the need to shift our perception of cybersecurity from a mere IT issue to the broader concept of cyber resilience as an integral part of business resilience. In the face of a cyberattack, businesses should be able to recover fast from an...
Global IT outage: A ‘huge wake-up call’ for cyber insurance industry
Insurers are expecting a "wave of notifications" in the coming days, and losses are likely to be seen under business interruption and dependent business interruption insuring clauses, Acrisure Re said in its bulletin. Insurers may also suffer "bricking losses" if the...
Insured losses from CrowdStrike’s outage likely total $540 million to $1.08 billion, says insurer Parametrix
Fortune 500 firms excluding Microsoft to see $5.4 bln in CrowdStrike losses LONDON: U.S. Fortune 500 companies, excluding Microsoft will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday. CrowdStrike's...
CrowdStrike blames defect in content update for massive IT crash
The incident crashed Microsoft Windows computer systems around the world on Friday, taking down airline, banking and stock exchange operations from Australia and Japan to the UK CrowdStrike Holdings Inc., the cybersecurity company at the center of massive global IT...
18 killed as plane crashes during takeoff at Kathmandu airport
The plane caught fire after skidding off the runway at Kathmandu airport and crashing into a field east of the runway," the airport official added Kathmandu: A private airlines' Pokhara-bound plane crashed during takeoff at the Tribhuvan International Airport (TIA)...
CrowdStrike Chaos: (Re)Insurers could withstand preliminary loss estimates, says Fitch
``We expect claims will be mostly within the retentions of primary insurers,'' said Fitch Cyber risk remains difficult for insurers to assess due to the dynamic root causes of claims. Challenges include a lack of effective, widely accepted modeling tools and a limited...