HSBC outlines three possible scenarios. In the first, GST on small...
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India InsurTech Association recognized as a “Champion of National Health Claims Exchange
The India InsurTech Association (IIA) has been formally recognized...
Talent eludes India’s BFSI global capability centres; market to hit $135 bn by 2032: report
India is home to nearly 190 BFSI GCCs which employ nearly 540,000...
Cyber ‘Catastrophe Bonds’ set to test bond markets
Beazley Plc, which owns specialist insurers across Europe and the US, is exploring a potential $100 million cyber cat bond, according to Artemis, a research firm specializing in insurance-linked securities. And AXIS Capital is preparing to issue a $75 million cyber...
World’s biggest bank ICBC forced to trade via USB stick
The incident spotlights a danger that bank leaders concede keeps them up at night — the prospect of a cyberattack that could someday cripple a key piece of the financial system’s wiring, setting off a cascade of disruptions. Even brief episodes prompt bank leaders and...
90 pc organisations say generative AI will help add new lines of biz over 12 months: PwC
The report also revealed that in 2024 cyber investments are expected to increase to 14 per cent, up from 11 per cent in 2023, highlighting the growing importance of cybersecurity in organisations' overall strategies New Delhi: As many as 90 per cent of the...
Kerala startup launches AI-driven digital health kiosk to ‘bridge gap between detection and healthcare’
Founder of Versicles Technologies Kiran Karunakaran said the company aims to revolutionise the way individuals access basic health checks, bridging the gap between early detection and professional healthcare Kerala-based startup has launched a first-of-its kind...
Nations to develop mechanism for use of digital sequence information on genetic resources
Digital sequence information(DSI) is a placeholder term to refer to data derived from de-materialised genetic resources. It includes nucleic acid sequence data and potentially other data such as protein sequence data. DSI is crucial to research in a wide range of...
Australia says ports operator cyber incident ‘serious’
DP World Australia, which manages nearly half of the goods that flow in and out of the country, said it was looking into possible data breaches as well as testing systems "crucial for the resumption of normal operations and regular freight movement". The Australian...
ICBC manually settling Treasury trades days after cyberattack -sources
ICBC was trying to minimize the risk impact and losses after the attack, which several experts blamed on hacking group Lockbit The Industrial and Commercial Bank of China's access to an electronic settlement platform for U.S. Treasury securities remained suspended on...
SC refuses to entertain plea to frame guidelines for regulation of trading of cryptocurrencies
Insofar as the main reliefs are concerned, they are more in a nature of a legislative direction which the court cannot issue under Article 32 of the Constitution," the bench said in its order passed on Friday New Delhi:, The Supreme Court has refused to entertain a...
Soon certain category of 4-wheelers will have inbuilt collision warning signal: Morth
The road ministry proposal assumes significance as the number of road accidents in India went up by an alarming 12 per cent to over 4.6 lakh in 2022, resulting in the deaths of 19 persons every hour New Delhi: The Ministry of Road Transport and Highways (MoRTH) has...
GM’s Cruise recalling 950 driverless cars after pedestrian dragged in crash
The cars are being recalled because the collision detection subsystem of the Cruise Automated Driving Systems (ADS) software may respond improperly after a crash, according to a notice made public by the National Highway Traffic Safety Administration (NHTSA) Wednesday...