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Algorithmic decision-making may pose non-traditional risks to financial system RBI DG
Swaminathan J ,Deputy Governor, RBI The senior Reserve Bank...
Gold ETFs record 6-fold jump in Sep inflows amid geopolitical tensions, price rise: Report
Net assets under management for Gold ETFs surged to Rs 90,135.98...
How missed warnings, ‘over-tourism’ aggravated deadly India landslides
Local authorities are now counting the cost of the disaster and questioning whether the rapid development of a tourism industry was to blame for the tragedy. Weather-related disasters are not unusual in India, but the landslides in Kerala state this week were the...
TikTok’s practices endangered children’s safety, US alleges in lawsuit
"TikTok knowingly and repeatedly violated kids' privacy, threatening the safety of millions of children across the country," said Lina Khan, the head of the Federal Trade Commission, which joined the Justice Department in suing the short video behemoth. New York: The...
Hong Kong slaps AIA with record fine for anti-laundering lapses
The lapses resulted in some customers who were “politically exposed persons” failing to be picked up during the screening process. That led to delays in identifying their source of money and wealth, it added. However, no policies were sold to clients who should not...
Centre issues fresh ESA draft for Western Ghats following Kerala disaster
The draft notification suggests a complete ban on mining, quarrying, and sand mining, with existing mines to be phased out within five years ”from the date of issue of the final notification or on the expiry of the existing mining lease, whichever is earlier”.It also...
Delta CEO says airline is facing $500 million in costs from global tech outage
Speaking on CNBC, Bastian said Wednesday that the monetary amount represents lost revenue as well as “the tens of millions of dollars per day in compensation and hotels” for the five-day period. Delta Air Lines CEO Ed Bastian says the airline is facing $500 million in...
Malware attacks in India increase by 11%; 22% jump seen in ransomware
The report stated that a total of 78,923 never-before-seen malware variants were identified in the first five months of 2024. The threat landscape remains complex, with over 500 strains of new variants discovered each day, the report said New Delhi: Malware attacks in...
Govt must provide additional disaster management funds to states without discrimination: Kharge
"The country is grappling with climate change, where floods, heavy rainfall, cloudburst and drought-like emergent situations have occurred in many states. For this, we will have to take steps by adopting a scientific approach, with the participation of all, by making...
Almost all top Indian apps deploy deceptive design practices: ASCI study
The study by the Advertising Standards Council of India (ASCI) found that 52 of the top 53 apps have deceptive UI (user interface)/UX (user experience) practices that can mislead or trick users into doing something they originally did not intend or want to do Mumbai:...
CrowdStrike sued by shareholders over global outage
In a proposed class action filed on Tuesday night in the Austin, Texas federal court, shareholders said they learned that CrowdStrike’s assurances about its technology were materially false and misleading when a flawed software update disrupted airlines, banks,...
Disaster Management (Amendment) Bill 2024 tabled in Lok Sabha
The bill is aimed to strengthen the efficient working of the National Disaster Management Authority and the State Disaster Management Authorities and has provisions for the constitution of Urban Disaster Management Authority for state capital and large cities having...