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At least 20% cybercrimes involve dark web usage by attackers: Report
The dark web is a platform on the internet that can be accessed...
Mahindra IndiGo slug it out in Delhi HC over ‘6e’ trademark
The automaker, which introduced two electric brands -- BE 6e and...
New EU-U.S. data transfer pact? Not any time soon, says EU privacy watchdog
The European Union is also trying to devise different ways to manage its data transfers with the rest of the world after the CJEU said privacy watchdogs must halt or prohibit transfers outside the EU if other countries cannot assure that the data will be protected.
More than 5,000 companies had signed up to the Privacy Shield set up in 2016 when the Luxembourg-based EU Court of Justice (CJEU) scrapped it in July this year, disrupting their businesses and exposing them to the risk of privacy lawsuits.
Asia Pacific Financial Services has ensured resilience amid the pandemic: Microsoft Study
“One thing is clear: the industry’s rapid response, reflected in the increase of maturity in adopting a culture of innovation, across people, process, technology and data practices, has paid dividends,” explained Connie Leung, Regional Business Lead, Financial Services, Microsoft Asia.
How India’s premier cyber agency is fighting evolving threats
According to Dr Sanjay Bahl, Director-General, CERT-In, they have seen different set of attacks during the pandemic and the threat actors primarily employed references related to COVID-19 in phishing attacks to steal sensitive information and drop additional malware.
“The threat actors devised new strategies to target victims with scams or malware campaigns using legitimate corporate branding in the name of COVID-19 and names of trusted organisations in phishing attacks in order to attain credibility and to lure victims,” Bahl told IANS.
Kia Motors recalling 295,000 vehicles due to risk of engine fires
Last week, the National Highway Traffic Safety Administration announced that Kia and Hyundai must pay USD 137 million in fines and for safety improvements because they moved too slowly to recall more than 1 million vehicles with engines that can fail.
The fines resolve a three-year government probe into the companies’ behavior involving recalls of multiple models dating to the 2011 model year.
Centre sends countrywide advisory for ‘Bharat Bandh’
In a countrywide advisory, the Union Home Ministry also said the state governments and UT administrations must ensure that the Covid-19 guidelines issued with regard to health and social distancing are strictly followed.
Cyber insurance shifting into personal lines as consumer interest rises in UK:GlobalData
Daniel Pearce, Senior Insurance Analyst at GlobalData, comments: “The need for cyber insurance policies has long been identified in the commercial space, where reliance on technology for day-to-day business activities has grown at an exponential rate. However, individuals have also become increasingly dependent on technology. With their exposure to cyber risks growing, the personal cyber insurance market is burgeoning.”
Covid 19 Pandemic to hit life insurers’ investment income,ULIP and Pension and Annuity business:LIC Chief
TR Alamelu, member, IRDAI explained that that the solution to the issue of under-insurance in the country does not lie in mandating insurance because a stage has been reached where insurance should be a product on “demand” and It cannot be forced upon consumers by the industry or other stakeholders.
Banks need to hire chief risk officers to deal with cybercrimes: Deloitte
“…these (cyber) attacks are becoming complex day by day. To address these challenges, banks need to appoint experienced Chief Risk Officers who can take the responsibility of skilling the employees and lead investment in military-grade cybersecurity solutions to detect the most advanced attacks,” said the Deloitte report on “Digitizing the post COVID world: The ‘3I’ approach”.
Foreign funds colonising Indian startups: Naukri.com founder Bikhchandani
Internet entrepreneur Sanjeev Bikhchandani says an estimated Rs 17 trillion of market cap has been transferred abroad after young Indian start-ups were forced to shift their company domicile overseas by foreign investors promising the funds they need for growth.
“Shades of the East India Company type of situation here – Indian market, Indian customers, Indian developers, Indian workforce. However 100% foreign ownership, foreign investors. IP and data transferred overseas. Transfer pricing issues foggy,” Internet entrepreneur Sanjeev Bikhchandani tweeted.
4 of 5 cyclones this year were in severe cyclonic storms category and above
India Meteorological Department (IMD) Director General Mrutunjay Mohapatra said since 1990 four cyclones have formed every year in the seas along the eastern and western coasts (Bay of Bengal and Arabian Sea) of the country.
“It is normal to have five cyclones a year,” he said.