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Binance’s $6.3 Billion Hack: How Crypto insurance works
When a crypto exchange suffers a hack, losses can be covered...
Chinese AI model carries out complex cyberattacks in controlled tests, researchers say
The findings underscore concerns that increasingly capable AI...
Four Nations Insurance Alliance: Tackling rising risks of economic resilience
Insurance bodies representing Australia, the United Kingdom, Canada and New Zealand announced the formation of the Four Nations Insurance Alliance.The partnership has been established in response to common problems that have been growing across the four economies,...
IMF raises 2026 global growth forecast to 3.1%, Warns of AI risks
Kristalina Georgieva, managing director ,International Monetary Fund. Growth is increasingly concentrated, with 32 countries accounting for 95 percent of global growth, the report said. That compares with 54 countries as of April. “The global economy is not simply...
Landslide, possible dam breach may have triggered Nepal flash flood,damages two hydropower projects damaged
The flood that struck Nepal around 4 am local time swept away houses and bridges in Gorkha district and damaged two hydropower infrastructure. At least 10 people remain missing, while nearly 50 people have been rescued, according to Nepali authorities. Kathmandu: A...
Protecting Growth: Indispensable Insurance for every Indian enterprises
For service-based MSMEs, particularly IT and ITES companies serving foreign clients, professional liability can be critical. A missed deadline, processing error, incorrect information or system-related mistake can cause a client financial loss and lead to an Errors...
The GenAI Revolution: Transforming insurance operations beyond automation
People need to move from asking : “Will AI take my job?” to:“Which parts of my job should AI take away so that I can do something more valuable?” Mohit Sharma, Chief Digital, AI & Transformation Officer, Generali Central Life Insurance As businesses and societies...
Cybersecurity emerges as core economic driver requiring new governance and capital allocation: WEF
To establish consistency across industries and jurisdictions, the report identified six distinct yardsticks: service continuity, recovery credibility, dependency concentration, tail-loss exposure, value preserved, and the effect of cyber posture on the cost of...
Consultation paper on AI regulations in a month; safety, deepfakes key focus areas: Vaishnaw
Ashwini Vaishnaw, Union IT Minister The minister made it clear that the industry must shoulder the bulk of the responsibility. ‘The industry has to take the primary responsibility,” he said, listing out issues such as cybersecurity, safety, user harm, psychological...
South Korean banks were likely hacked by a China-based actor with an AI agent, CrowdStrike says
Adam Meyers, senior vice president of counter adversary operations at CrowdStrike, told reporters on a call on Thursday that this was an example of a human adversary leveraging AI agents to conduct widespread attacks. The suspect behind recent cyberattacks at South...
NMC bars AI-generated patient testimonials, clinical outcomes in medical advertising
The guidelines prohibit registered medical practitioners and hospitals from using AI-generated content for advertising their services, soliciting patients or disseminating unverifiable information relating to diagnoses, treatments and outcomes. New Delhi:The National...
PM calls for global framework on cyberfraud, deepfakes; asks govts, telcos, financial cos to team up
Narendra Modi,Prime Minister Modi flagged the growing challenge posed by deepfakes and said countries need to work together on a global framework to address such emerging threats. NEW DELHI: Prime Minister Narendra Modi on Thursday called for a global framework to...