The ruling could allow prosecutors to argue for a breakup of...
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China bans ‘smart’ and ‘autonomous’ driving terms from vehicle ads
Analysts and industry sources cautioned stricter regulations would...
US agency probes TCS for workers’ bias claims
“Allegations that TCS engages in unlawful discrimination are...
Govt proposes penalty of up to Rs 500 cr for data breach under Data Protection Bill
The draft bill, renamed as The Digital Personal Data Protection Bill, 2022, has laid out the conditions for collecting data and the consent of the people whose data would be processed. New Delhi: The government has raised the penalty amount to up to Rs 500 crore for...
Emerging Risks: Financial sector reliance on 2-3 big tech cos poses major risks, says Axis Bank CEO
Amitabh Chaudhry, managing director and chief executive warned that "the country's banking system now relies on two three big companies for their software service requirements, and this can lead to emerging risks in case these companies stop investing and ensuring...
InsuranceDekho partners with LIC
Insurtech InsuranceDekho has partnered with Life Insurance Corporation of India (LIC) to sell the corporation's products on its platform. Ankit Agrawal, CEO, and Co-founder, InsuranceDekho, said, “We will leverage the best technology, POSP partner practices, and...
Network of Twitter fake accounts stoked violence in UK
An estimated 500 inauthentic accounts that called for violence and promoted memes as well as incendiary videos were created on Twitter Inc. during riots in Leicester between late August and early September this year, according to the Network Contagion Research...
FTX’s Bankman-Fried, celebrity promoters sued in US by crypto investors
The proposed class action filed late Tuesday night in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the U.S When the crypto exchange faltered on liquidity concerns, U.S. investors sustained $11 billion in...
Over 95% organisations in India experienced ‘new fraud’ incidents in past 2-yrs: PwC Survey
Puneet Garkhel, Partner and Leader, Forensics Services, PwC India, said that with organisational perimeters becoming more vulnerable over the past two years, it is imperative for businesses to not only continually focus on policies, training and internal controls but...
Study finds link between computer access, mental health among young people
The findings of the study were published in Scientific Reports. The COVID-19 pandemic had a significant effect on young people's mental health, with evidence of rising levels of anxiety, depression, and psychological distress. Adolescence is a period when people are...
Insurers and insurance repositories can share “Financial Information” with Account Aggregators: IRDAI
Financial Information Providers in insurance sector need to enter into a contractual framework with the AAs, and the same has to distinctly specify the rights and obligations of each party and modalities of dispute resolution mechanism Hyderabad: The...
Australia to consider banning paying of ransoms to cyber criminals
Asked on ABC television on Sunday whether the government planned to look at outlawing ransom payments to cyber criminals, Australia's Home Affairs Minister Clare O'Neil said "that's correct". "We will do that in the context of … cyber strategy," she said Sydney:...
India wearable market grows 56 pc to 37.2 million units in Jul-September: IDC
The wearable device segment, which comprises smartwatches, wrist band and earwear, recorded 75 million units of shipments in the first nine months of 2022. Smart wearable devices shipment in India grew by over 56 per cent to 37.2 million units in the quarter ended...