The central bank would also focus on enhancing cyber resilience and...
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Sitharaman directs PSU general insurers to adopt AI-driven claim settlement systems swiftly, safeguard profitability
Finance minister Nirmala Sitharman chaired a review meeting of six...
Digital platforms have most problematic ads betting real estate cos most violative ASCI
Over two-thirds of the potentially violative ads on the digital...
Acko General Insurance penalised Rs 1 cr by IRDA for violating regulations
According to the IRDAI order, even where outsourcing is given to an intermediary, the insurer retains the responsibility for all regulatory obligations and proper due diligence and monitoring of the outsourced service provider and the services provided Hyderabad/...
Robust cybersecurity powerful technologies to determine strength of a nation Prasada
"In UP, around 10 crore Jan Dhan accounts were opened and a majority of these were citizens, who had never used banking services. A major reason behind this was higher costs. With IT integration and online transactions, the cost was brought down to Rs 50 from Rs...
RBI proposes to use biz correspondent network to tackle KYC inoperative account issues
"In order to further ease the process for the convenience of customers, the instructions regarding updation/periodic updation of KYC are being amended with the intent , inter alia, to allow BCs to facilitate in the process of KYC and KYC updation," he draft circular...
Prudential appoints Naveen Tahilyani as its regional CEO for India and Africa
Naveen Tahilyani Earlier, Prudential plc had announced its plan to establish a joint venture with Vama Sundari Investments (Delhi) Private Limited (Vama), an HCL Group's Promoter Company, for an Indian standalone health insurance company London: UK major Prudential...
Paytm founder calls out scamster impersonating him shares screenshots of hilarious exchange
Vijay Shekhar Sharma,Paytm founder and CEO The encounter, which left many netizens in splits, also spotlighted the darker side of the digital world, where unsuspecting individuals are targeted by scamsters using sophisticated manoeuvres, advanced techniques, fake...
DoT introduces ‘Financial Fraud Risk Indicator’ to fight cyber fraud
This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool, when digital payment is proposed to be made to such numbers New Delhi: In a major step towards combating cyber fraud and financial crime, the Department of...
Cyberattack costs Marks & Spencer $403 million in operating profit
The British retailer will try to mitigate the impact with cost savings and insurance payouts, it said Wednesday. Online clothing and home orders, which account for more than £3 million of sales a day and have been suspended for more than three weeks, will be disrupted...
High crypto investors seek bodyguards to deter kidnappers
People with crypto wealth face unique physical risks because public blockchain networks like Bitcoin and Ethereum allow tokens to be transferred instantly and anonymously. This means that if an individual is coerced into giving up the access credentials to their...
Why can’t Centre formulate ‘clear cut’ policy to regulate cryptocurrency? asks SC
“Why does Centre not come out with a clear cut policy on regulating cryptocurrency? There is a parallel under-market for it and it can affect the economy. By regulating the cryptocurrency, you can keep an eye on the trade,” the bench told Additional Solicitor General...
New e-Zero FIR will help nab cyber criminals with unprecedented speed, says Amit Shah
Union Home Minister Amit Shah Started as a pilot project for Delhi, the new system will automatically convert into FIRs cyber financial crimes filed on the National Cybercrime Reporting Portal (NCRP) and helpline number 1930, initially above the threshold limit of Rs...