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Facebook users affected by data breach eligible for compensation, German court says
Thousands of Facebook users in Germany are demanding compensation...
RBI cautions public about ‘deepfake’ video of governor being circulated on social media
In a statement Tuesday, RBI said it has come to their notice that...
Prudential launches global AI Lab in Singapore, to improve consumer access to quality healthcare
Anil Wadhwani, Chief Executive Officer, Prudential plc, said: "Data, advanced analytics and AI are crucial to the delivery of our strategic priorities. The AI Lab will supercharge the development of exciting applications such as predictive analytics,...
Meta fined €798 million by EU over abusing classified ads dominance
“Meta tied its online classified ads service Facebook Marketplace to its personal social network Facebook and imposed unfair trading conditions on other online classified ads service providers,” EU antitrust chief, Margrethe Vestager, said. “It did so to benefit its...
CCI restricts WhatsApp sharing data with other Meta entities, imposes $25.4 mln fine
"Sharing of user data collected on WhatsApp with other Meta companies… for purposes other than for providing WhatsApp service shall not be made a condition for users to access WhatsApp Service in India," the CCI said After the CCI’s decision, a Meta spokesperson...
Cyber Insurance: Largest potential lies in the SME opportunity, says Swiss Re
Dani Tobler.Head Cyber Reinsurance at Swiss Re "North America dominates with 70% premium share followed by Europe (19%) and APAC (8%) according to Swiss Re data. This not only illustrates the varying cyber market maturity levels around the globe but also underpins the...
Foxconn tells India recruiters to nix marital status in iPhone job ads
One new Foxconn template ad reviewed by Reuters described smartphone assembly positions but made no mention of Foxconn, nor age, gender or marital criteria. It listed benefits: "Air conditioned workplace, free transport, canteen facility, free hostel" and a monthly...
India to shift to ‘smartphone era’ for cars embracing 5G, advanced AI in 2025: Report
Most cars priced at Rs 20 lakh and above will feature these technologies as standard. The cumulative revenues from automotive chipset companies have already surpassed USD 1.5 billion, with companies like Qualcomm and MediaTek leading the market India is set to enter a...
UNESCO, IT Ministry host multi-stakeholder consultation on safety, ethics in AI
S Krishnan, secretary, MeitY, highlighted the critical role of the Digital Personal Data Protection Act in advancing responsible AI practices and reaffirmed India’s active participation in international AI forums to balance innovation with regulation New Delhi: India...
Digital media platforms must curb fake news, safeguard democracy: Ashwini Vaishnaw
Union Electronics and IT Minister Ashwini Vaishnaw ,Union Electronics and IT Minister "The spread of fake news undermines trust in the media and poses a threat to democracy," the minister said New Delhi: Calling for accountability in digital media to combat fake news...
Bharat Panchal appointed as chief risk, security, and stakeholder management officer of Bima Sugam
In another key appointment, Bima Sugam India Federation has appointed Bharat Panchal, a three-decade IT veteran having experience in fintech, banking, and telecommunications sectors, as its chief risk, security, and stakeholder management officer. Recently, Prasun...
Cloud investments: Majority of banks and insurers struggle to maximize the value
“Cloud adoption should be viewed as the start of a transformative journey that fuels long-term business growth, rather than the end game or destination. What’s clear from our research is that while the technology is seen by financial institutions as a building block,...