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IRDA forms panel to examine the need for a standard cyber liability cover for Indian market
The General Liability policies available currently in the Indian market do not cover cyber risks and cyber insurance policies currently available are highly customized for clients in a new and quickly growing market. Hence, it is felt that a basic standard product structure is required to provide insurance cover for individuals and establishments to manage their cyber risks, said the IRDAI.
British Airways hit with UK data watchdog’s biggest-ever fine
Other major cyber incidents in the recent past include another London-listed airline, easyJet EZJ.L, which earlier this year said hackers had accessed the email and travel details of around 9 million customers.
U.S. hotel operator Marriott International MAR.O in March suffered its second data incident in less than two years, with information of about 5.2 million its hotel guests suffering a breach.
Gadkari suggests formation of state water grid in Maharashtra to overcome flood crisis
The floods create and trigger serious problems in different parts of the state and there is an urgent need to chalk out a plan to manage this natural disaster that becomes grave because of other man made factors,” a statement from the Minister’s office said.
Driverless race steps up with Cruise allowed to drive empty in San Francisco
Cruise is the fifth company to receive the driverless permit in California. Alphabet’s Waymo was the first in late 2018 to receive it for about three dozen test vehicles with speeds of up to 65 miles per hour. This year SoftBank-backed Nuro, whose vehicle has no steering wheel or pedals, was also approved and has delivered medical supplies for temporary COVID-19 hospitals.
Chinese startup AutoX and Amazon.com Inc’s AMZN.O Zoox also got their permits in recent months. The four previous permits are for cities in Silicon Valley that are easier to navigate.Under its permit, Cruise cars can go anywhere on San Francisco streets at a maximum speed of 30 miles per hour, and can drive both day and night.
Haldiram’s crucial data stolen; hackers demand ₹7.50 lakh to release information
According to the FIR lodged at Sector 58 police station, the cyber attack took place on the intervening night of October 12 and 13 and the hackers may have stolen “entire or substantial data” of the company which runs several restaurants and outlets.
TCS launches 10 cyber threat management centres globally
These are located in Bloomington, US, Manchester, UK, Madrid, Spain, as well as at major Indian cities in the last four months, the statement said, adding that TCS plans to open more such centres in other regions.
These centres will focus on providing cyber security solutions and services, including managed detection and response services, incident management and breach support, on-demand cyber vigilance services, digital forensics and regulatory compliance.
G7 officials vow to fight ransomware attacks; say stablecoin needs regulation
“The G7 continues to maintain that no global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements through appropriate design and by adhering to applicable standards,” the statement said.
Stablecoins are tied to a traditional currency or basket of assets, and used for payments or for storing value.
Pirate kidnappings off West African coast rise 40%: Study
The region has overtaken southeast Asia as the worst area for piracy and kidnappings, driving up insurance premiums for shippers.
Floods kill 60 in India, damage crops
The worst affected state was Telangana, where excessive unseasonal rainfall on Wednesday and Thursday flooded its capital Hyderabad, home to major companies and startups such as Microsoft, Accenture, Amazon and TCS
91 million urban Indians lack basic handwashing facilities at home: UNICEF
“In Central and South Asia, 22 per cent of people in urban areas, or 153 million people, lack access to handwashing. Nearly 50 per cent of urban Bangladeshis, or 29 million people; and 20 per cent of urban Indians or 91 million, lack basic handwashing facilities at home,” it said.