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RBI-led initiative to curb digital frauds gains momentum banks roped in to set up DPIP
The proposed platform seeks to bolster fraud risk management by...
UK’s car theft reaches near a 15-year high, cost insurers $867 million
While owners are compensated when their cars are taken, vehicle...
EV penetration in India to cross 21% by 2027:Experts
With the friendly government policies and new entrants arriving on the scene with cheaper EVs, the country is set to witness a plethora of options in the next 2-3 years New Delhi: As India, which is the fourth largest car market globally, charts a new course for...
Govt to roll out lost mobile blocking, tracking system pan-India on May 17
''One of the common practices is that miscreants change IMEI number of stolen mobile phones which prevents tracking and blocking of such handsets. It was a national security issue. The CEIR will be able to block any cloned mobile phones on the network with the help of...
Mass event will let hackers test limits of AI technology
Anyone who’s tried ChatGPT, Microsoft’s Bing chatbot or Google’s Bard will have quickly learned that they have a tendency to fabricate information and confidently present it as fact. These systems, built on what’s known as large language models, also emulate the...
Governments across the world race to regulate AI tools
The European Data Protection Board, which unites Europe’s national privacy watchdogs, said in April it had set up a task force on ChatGPT, a potentially important first step towards a common policy on setting privacy rules on AI Rapid advances in artificial...
EU lawmakers’ committees agree tougher draft AI rules
The European Union's highly anticipated AI Act looks set to be the world's first comprehensive legislation governing the technology, with new rules around the use of facial recognition, biometric surveillance, and other AI applications European lawmakers came a step...
Govt working to bring in e-commerce policy, rules under consumer protection act on same page
''We are holding discussions to harmonise e-commerce policy and e-commerce rules under the consumer protection act…While doing so, we will try to ensure that whether a regulator or some other way…rules that will ensure that the customer is the king,'' Secretary of the...
AI predicts future pancreatic cancer: Research
The findings, published May 8 in Nature Medicine, suggest that AI-based population screening could be valuable in finding those at elevated risk for the disease and could expedite the diagnosis of a condition found all too often at advanced stages when treatment is...
Paytm beats PhonePe, GooglePay as India’s highest revenue earner in mobile payments, financial services
Paytm has built a key differentiation in the market for itself with the widest array of payment instruments like Wallet, UPI, Postpaid, Food Wallet, Fastag and a variety of banking products available through Paytm Payments Bank New Delhi: Indian fintech giant Paytm on...
57% of all fraud incidents in India now ‘platform’ frauds: Report
More than 26 per cent of Indian organisations lost over $1 million due to platform fraud, and 44 per cent of the perpetrators were found to commit fraud for financial gain, according to PwC's second edition of 'Global Economic Crime and Fraud Survey 2022: India...
Google is giving its dominant search engine an artificial-intelligence makeover
Google announced Wednesday that Bard will be available to all comers in more than 180 countries and more languages beyond English. Now Google is ready to test the AI waters with its search engine, which has been synonymous with finding things on the internet for the...