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Technology

Moody’s to acquire risk modelling firm RMS for $2 billion

The acquisition will immediately increase Moody’s insurance data and analytics business to nearly $500 million in revenue and will accelerate the development of the company’s global integrated risk capabilities to address the next generation of risk assessment.
With over 400 risk models covering 120 countries, RMS is the world’s leading provider of climate and natural disaster risk modeling serving the global property and casualty (P&C) insurance and reinsurance industries.

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Medium, heavy passenger EVs increase from 124 in 2018 to 1,356 as on date: Gadkari

In a written reply to a query in the Lok Sabha, Road Transport and Highways Minister Nitin Gadkari said the number of electric vehicles registered for transport of cargo has increased from 6,246 in 2018 to 27,645 as of date, according to Vahan 4 records.

Gadkari said that under the Phase-I of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme, 425 electric buses were supported.

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U.S. automakers to say they aspire to up to 50% of EV sales by 2030 -sources

Automakers are spending tens of billions of dollars to speed EV adoption, even though U.S. EV sales outside Tesla Inc’s remain small. Consulting firm AlixPartners in June said investments in electric vehicles by 2025 could total $330 billion, a 41% increase from the firm’s comparable five-year investment outlook a year ago. As of now, electric vehicles represent about 2% of total global vehicle sales, and will be about 24% of total sales by 2030, the firm forecast.

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EDMC issues toll-free number for e-waste disposal

The East Delhi Municipal Corporation has hired an agency for collection and transportation of electronic waste and soon a mobile app will also be launched to facilitate people, the area’s Mayor Shyam Sunder Aggarwal said on Monday.

The agency will ensure that the waste is collected from home or any other place as per people’s convenience and an amount for e-waste items, as agreed between the seller and agency, is paid on the spot, he said.

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New cybersecurity tech protects computer networks in vehicles

DESOLATOR, which stands for deep reinforcement learning-based resource allocation and moving target defense deployment framework, helps the in-vehicle network identify the optimal IP shuffling frequency and bandwidth allocation to deliver effective, long-term moving target defense.
“The idea is that it’s hard to hit a moving target,” said Dr Terrence Moore, a US Army mathematician.

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‘1 in 3 Indian PC home users at high risk of cyber attack’

For this type of threat, Indian home users have a 5.78 per cent risk ratio, which is higher than the global average.Home users around the world have a 29.39 per cent chance of encountering any type of PC malware, which represents an increase of around 5 per cent compared to the previous year.

Geographies with more conflictive socio-political situations, such as the Middle East, Asia, Africa, and Eastern Europe, seem to be facing more risk in the online world as well.

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Indian carmakers renew bid to delay tougher fuel efficiency rules -sources

India introduced a first phase of its CAFE measures in April 2017, giving carmakers until the end of March next year to cut carbon emissions from new cars to 130 grams per km.

In a second phase starting from April 1, 2022, India has proposed a further cut to 113 grams per km.

The stricter CAFE rules also aim to pull Indian regulations for carmakers in line with global standards.

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Over 93,000 cybercrime cases reported in 3 years: Govt to LS

The CERT-In receives inputs from its situational awareness systems and threat intelligence sources about malware infections in networks of entities across sectors. Whenever any incident comes to the notice of CERT-In, it issues alerts and advisories to the entities concerned and sectoral Computer Emergency Response Teams (CERTs) for remedial measures, he said.

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Ransomware attacks hit record 300 mn in 1st half of 2021: Report

In line with spikes in global data, the researchers also recorded alarming ransomware spikes across key verticals, including government (917 per cent), education (615 per cent), healthcare (594 per cent) and retail (264 per cent) organisations.
“In a year driven by anxiety and uncertainty, cybercriminals have continued to accelerate attacks against innocent people and vulnerable institutions,” Bill Conner, President and CEO, Sonic Wall, said in a statement.

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