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WTW launches an AI-driven performance monitoring tool custom-built for insurers
Radar Vision provides unique insights for pricing, portfolio...
CCI rejects complaint against Microsoft over bundled antivirus
It was alleged that bundling of the anti-virus software was...
Amazon-Future-Reliance case: SC holds Emergency Award enforceable in India
Amazon has a 49 percent stake in FCPL, which in turn owns a 9.82 percent stake in FRL. Amazon’s contention is that it has invested Rs.1431 crore in FCPL on the clear understanding that FRL would be the sole vehicle for its retail business and its retail assets would not be alienated without consent and never to a ‘Restricted Person’. FRL, on the other hand, has objected to the enforcement of the EA award saying that it is not an order under Section 17(1) of the Arbitration and Conciliation Act and hence not enforceable in India.
RBI keeps policy rate unchanged,raises inflation forecast
“The need of the hour is not to drop our guard and to remain vigilant against any possibility of a third wave especially in the background of rising infections in certain parts of the country,” RBI Governor Shaktikanta Das said in a virtual address accompanying the MPC’s decision.
Moody’s to acquire risk modelling firm RMS for $2 billion
The acquisition will immediately increase Moody’s insurance data and analytics business to nearly $500 million in revenue and will accelerate the development of the company’s global integrated risk capabilities to address the next generation of risk assessment.
With over 400 risk models covering 120 countries, RMS is the world’s leading provider of climate and natural disaster risk modeling serving the global property and casualty (P&C) insurance and reinsurance industries.
New cybersecurity tech protects computer networks in vehicles
DESOLATOR, which stands for deep reinforcement learning-based resource allocation and moving target defense deployment framework, helps the in-vehicle network identify the optimal IP shuffling frequency and bandwidth allocation to deliver effective, long-term moving target defense.
“The idea is that it’s hard to hit a moving target,” said Dr Terrence Moore, a US Army mathematician.
Financial regulators urgently need to get a grip on ‘Big Tech’: BIS
Global watchdogs are increasingly wary that the huge amounts of data controlled by groups such as Facebook, Google, Amazon and Alibaba could allow them to reshape finance so rapidly that it destabilises entire banking systems.
Indian carmakers renew bid to delay tougher fuel efficiency rules -sources
India introduced a first phase of its CAFE measures in April 2017, giving carmakers until the end of March next year to cut carbon emissions from new cars to 130 grams per km.
In a second phase starting from April 1, 2022, India has proposed a further cut to 113 grams per km.
The stricter CAFE rules also aim to pull Indian regulations for carmakers in line with global standards.
Over 93,000 cybercrime cases reported in 3 years: Govt to LS
The CERT-In receives inputs from its situational awareness systems and threat intelligence sources about malware infections in networks of entities across sectors. Whenever any incident comes to the notice of CERT-In, it issues alerts and advisories to the entities concerned and sectoral Computer Emergency Response Teams (CERTs) for remedial measures, he said.
Ransomware attacks hit record 300 mn in 1st half of 2021: Report
In line with spikes in global data, the researchers also recorded alarming ransomware spikes across key verticals, including government (917 per cent), education (615 per cent), healthcare (594 per cent) and retail (264 per cent) organisations.
“In a year driven by anxiety and uncertainty, cybercriminals have continued to accelerate attacks against innocent people and vulnerable institutions,” Bill Conner, President and CEO, Sonic Wall, said in a statement.
Zoom to settle US privacy lawsuit for $85 mn
The suit charged that Zoom’s sharing of users’ personal data with Facebook, Google and LinkedIn was a breach of privacy for millions.
While Zoom denied wrongdoing, it did agree to improve its security practices.
Shipping losses stay at historic lows, but Asia remains largest global loss hotspot:Allianz
“Overall, the frequency of marine claims has not reduced. We are also seeing an increased cost of hull and machinery claims due to delays in the manufacture and delivery of spare parts, as well as a squeeze on available shipyard space,” says Justus Heinrich, Global Product Leader, Marine Hull, at AGCS.
“Overall, the frequency of marine claims has not reduced. We are also seeing an increased cost of hull and machinery claims due to delays in the manufacture and delivery of spare parts, as well as a squeeze on available shipyard space,” says Justus Heinrich, Global Product Leader, Marine Hull, at AGCS.
The world’s piracy hotspot, the Gulf of Guinea, accounted for over 95% of crew numbers kidnapped worldwide in 2020. Last year, 130 crew were kidnapped in 22 incidents in the region – the highest number ever – and the problem has continued. Vessels are being targeted further away from the shore – over 200 nautical miles (nm) in some cases.