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Mahindra IndiGo slug it out in Delhi HC over ‘6e’ trademark
The automaker, which introduced two electric brands -- BE 6e and...
Govt blocked 1 700 Skype IDs and 59 000 Whatsapp accounts used for digital arrest fraud says minister
Union Minister of State for Home Affairs Bandi Sanjay Kumar also...
3 more Indian firms hacked, data of over 10 million users up for sale on the dark web
According to Rajaharia who first broke the JusPay hacking, the three Indian companies are e-marketplace ClickIndia, fintech startup for small business owners ChqBook and wedding planning website WedMeGood.
World’s worst internet shutdowns cost India $2.8 Billion in 2020
The cost of internet blackouts were calculated using indicators from groups including the World Bank, International Telecommunication Union, and the Delhi-based Software Freedom Law Center. It includes social media shutdowns in its calculations.
Elon Musk surpasses Amazon’s Jeff Bezos as world’s richest person
The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than $150 billion in possibly the fastest bout of wealth creation in history. Fueling his rise was an unprecedented rally in Tesla’s share price, which surged 743% last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike.
The world’s 500 richest people added a record $1.8 trillion to their combined net worth last year, equivalent to a 31% increase. The gains were disproportionately at the top, where five individuals hold fortunes in excess of $100 billion and another 20 are worth at least $50 billion.
Up to 4,000 financial firms could fail due to COVID, says UK regulator
“At end of October we’ve identified there are 4,000 financial services firms with low financial resilience and at heightened risk of failure,” said Sheldon Mills, the FCA’s executive director of consumers and competition.
“These are predominantly small and medium sized firms and approximately 30% have the potential to cause harm in failure.”
Natural disasters cause $210 billion in damage in 2020, insurer says
Losses that were insured rose to $82 billion from $57 billion in 2019, Munich Re said. They add to the burden of the coronavirus pandemic that has hit the insurance industry hard.
“Climate change will play an increasing role in all of these hazards,” said Munich Re board member Torsten Jeworrek, pointing to hurricanes, wildfires and other storms.
“It is time to act,” he said.
Masks no obstacle for new NEC facial recognition system
The new system went on sale in October and customers include Lufthansa and Swiss International Airlines, Takashima said.
Facial recognition means not having to produce a security card, which can bst or stolen, and also helps prevent the spread of germs from touching surfaces, Takashima said.
Final industry loss footprint for Australia’s 2019/2020 Bushfires at AUD 1,866m: PERILS
“One year on from the Black Summer bushfires, this release of the final loss report provides a timely reminder of the devastation such an event can cause to local
communities. This was one of several major Cat events to impact Australia in 2020, with the insurance industry playing a critical role in enabling affected communities to rebuild during the year. The detailed data resolution in this updated industry loss footprint can enhance the insurance industry’s understanding of the impact of future bushfire events as there is always more to learn about these devastating losses.”
Thai Re launches ASEAN’s first reinsurance smart contract platform using IBM’s blockchain and hybrid cloud technology
Through the launch of its “Insurer Network” platform on IBM Cloud, Thai Re will streamline how it handles more than 10,000 annual reinsurance contracts with its insurance partners, making it easier for those insurers to grow their businesses.
Using blockchain technology on the highly secured IBM Cloud, the platform will allow Thailand’s insurance industry to gain efficiency and speed in processing the reinsurance contracts.
Private investigators’ body APDI forms global alliance against fake Covid-19 vaccines
APDI Chairman Kunwar Vikram Singh in a statement said, “The GAFV has been formed after reports emanating from several countries about the circulation of fake Covid vaccines. Already, Europol, the European Union’s law enforcement agency, has issued a warning of fake vaccine circulation due to huge demands.”
Moderna CEO says vaccine likely to protect for ‘couple of years’
“The nightmare scenario that was described in the media in the spring with a vaccine only working a month or two is, I think, out of the window.The antibody decay generated by the vaccine in humans goes down very slowly (…) We believe there will be protection potentially for a couple of years,” Moderna CEO Stephane Bancel said