Category:

Risk Management

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.

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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.

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How the Kremlin provides a safe harbor for ransomware

On Thursday, as the U.S. slapped sanctions on Russia for malign activities including state-backed hacking, the Treasury Department said Russian intelligence has enabled ransomware attacks by cultivating and co-opting criminal hackers and giving them safe harbor. With ransomware damages now well into the tens of billions of dollars, former British intelligence cyber chief Marcus Willett recently deemed the scourge “arguably more strategically damaging than state cyber-spying.”

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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.”

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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.

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3.1 million external attacks on Cloud user accounts in Q4 2020: McAfee report

“Ransomware and malware targeting vulnerabilities in work-related apps and processes were active and remain dangerous threats capable of taking over networks and data, while costing millions in assets and recovery costs,” Samani added.

Malware was the most reported cause of security incidents in Q4, followed by account hijackings, targeted attacks and vulnerabilities.

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