The lawsuit was brought by consumer law academic Christine Riefa on...
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Electric Vehicles: Indian Automakers plan to launch dozen of new models
While EV sales growth in India is also slowing, rising 20 per cent...
AI agents can create leverage for threat actors in scaling widespread cyber attacks, CyberCube report
A more advanced and concerning development is emerging: AI agents...
US Policyholders pull back from digital claims in post-pandemic insurance world
"We're seeing some customers are heading back towards saying 'I was willing to do that during lockdown, but I want to go back to a place where I can see people and speak to them directly'," said Zurich's Group Chief Claims Officer Ian Thompson Across financial...
Vulnerability in PNB server exposed customer data for about seven months: CyberX9
''Punjab National Bank kept severely compromising the security of funds, personal and financial information of over 180 million (all) its customers for about the last 7 months. PNB only woke up and fixed the vulnerability when CyberX9 discovered the vulnerability and...
Sitharaman announces clearance to 3 key projects worth Rs 500 crore for IFSCA
Union Finance Minister Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman underlined that the central government's commitment to make GIFT City a world-class fintech hub as stated in the Union Budget 2021-22 GIFT-IFSC is especially targeted towards companies...
Govt mulling changes in I-T laws to bring cryptos under tax net
New Delhi: The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the budget next year, a top official said. Revenue secretary Tarun Bajaj said in terms of income tax, some people...
Insurers run from ransomware cover as losses mounT
"Insurers are changing their appetites, limits, coverage and pricing," Caspar Stops, head of cyber at insurance firm Optio, said. "Limits have halved – where people were offering 10 million pounds ($13.50 million), nearly everyone has reduced to five." Lloyd's of...
China fines tech giants Alibaba, Baidu for failing to report 43 old deals
In December last year, it fined Alibaba, Tencent-backed China Literature and Shenzhen Hive Box 500,000 yuan each for not reporting past deals properly for antitrust reviews, the first time it had ever done so. BEIJING: China's market regulator on Saturday said it was...
PM Modi to inaugurate IFSCA’s InFinity Forum on December 3
IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centres (IFSCs) in India. New Delhi; Prime Minister Narendra Modi will inaugurate the 'InFinity...
Yara debuts world’s first autonomous electric container ship
"This isn't about replacing the sailors, it's replacing the truck drivers," Yara's Jostein Braaten, project manager for the ship, said at the ship's bridge, which will be removed when the vessel is running at full automation. The ship will load and offload its cargo,...
RBI recommends strict data protection in digital lending
The committee recommended that data collection should happen only with prior and explicit consent of the borrowers. "The thrust of the report has been on enhancing customer protection and making the digital lending ecosystem safe and sound while encouraging...
position India as market leader in cybersecurity, says Ashwini Vaishnaw
IT Minister Ashwini Vaishnav The minister noted that technology had ushered a clear convergence of computing, communication and sensors, with a reduction in cost, and a phenomenal increase in capabilities and complexities. "All three have combined together…we have a...