Paul Atkins, the chair of the Securities and Exchange Commission In...
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Markel launches first-of-its-kind affirmative cyber product for collateral war cover
Chris Burgess, Director of Cyber at Markel International,...
Google facing at least €12 Billion in civil claims across Europe
The civil suits are linked to a 2017 decision by the European...
From 7-11s to train stations, cyber attacks plague Taiwan over Pelosi visit
Taipei has not directly blamed the attacks on the Chinese government, but has said that the attacks on government websites — which paralyzed the sites’ operations — originated from addresses in China and Russia. It also said the firms whose displays were changed had...
Japan truck manufacturer Hino says it faked emissions data for 20 years
Teams that were developing engines knew they couldn’t meet targets and felt so pressured they falsified test results, Ogiso said. That led to more deception, as workers covered up their wrongdoing. No safety problems are believed to be involved, Ogiso said TOKYO: Hino...
Twitter rejects Musk’s claims that he was hoodwinked
The two sides head to trial on Oct. 17 after Musk sought to abandon his deal to acquire Twitter over what he says is a misrepresentation of fake accounts on the site Twitter Inc. on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was...
WMO reports decrease in likelihood of severe Atlantic hurricane season ahead
Over the past 50 years, every single day, they have caused on average 43 deaths and $78 million in damages, according to WMO statistics from 1970-2019 However, based on the data, death tolls have fallen dramatically. This development is thanks to improvements in...
PSU gen insurers suffered huge losses of Rs 26,364 cr between FY17 & FY21, flouted govt norms in their health insurance business: CAG
CAG audit analysed TPA-wise allocation of business (annual premium) and TPA wise Incurred Claims Ratio (ICR) and found that all the four PSU insurers allocated major share of business (15 to 44 per cent) to one TPA (Medi Assist India TPA Pvt. Ltd.) despite high ICR of...
42% Indians experienced financial fraud in last three years: Report
Storing sensitive financial details on a phone's contact list, email, or computer poses a a significant risk to cyber attacks, especially if the gadget is stolen or falls into wrong hands New Delhi: While digitisation of payments and banking undoubtedly has benefitted...
Global investment in InsurTech at $2.41 billion in Q2 2022, drops 50% over Q2 2021:Gallagher Re
Q2 saw 40 L&H(Life & Health) investments of $918 million, up 12.4%, and 92 P&C InsurTech deals worth $1.49 billion in total. P&C deal flow was down 13.2%, but total investment was up 5.9% on Q1, while average deal size was $20.73 million London: Global...
348 apps blocked for collecting, transmitting users’ info, says Govt
"The Ministry of Home Affairs (MHA) has identified 348 mobile applications which were collecting users' information and transmitting it in an unauthorised manner to servers located outside the country for profiling New Delhi: Amid rising complaints against mobile...
Govt withdraws privacy bill proposal, working on new law
A government notice stated it was taking the decision as a parliamentary panel's review of the bill had suggested 81 amendments, leading to the need for a new "comprehensive legal framework" The privacy bill was designed to protect Indian citizens and establish a...
Overseas travel insurance increases 76% post-pandemic: ICICI Lombard
Sanjeev Mantri, executive director, ICICI Lombard said, “Customers are increasingly cautious and seek adequate medical cover, including COVID-19 cover for overseas trips. The bulk of travel purchases always took place digitally, with the numbers now only increasing....