"In order to make the public aware about cybercrime through the...
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59% of Indian companies suffered financial fraud in 24 months, PwC report
Puneet Garkhel, Partner and Leader, Forensic Services, PwC India,...
US Cyber market-Extortion activity likely reached an all-time high in 2023, says Tokio Marine HCC
In 2024, premium rate change in the US cyber insurance market has...
Japanese crypto exchange hit by estimated $94 mln hack
London-based blockchain analysis firm Elliptic said digital addresses identified by Liquid as belonging to the thief had totalled over $94 million , including $45 million in tokens connected to the Ethereum blockchain.
The hacker or hackers is converting these tokens to the ether cryptocurrency via so-called decentralised – peer-to-peer – exchanges, Elliptic said, adding that it was aiding Liquid in tracking the stolen funds.
For bank regulators, tech giants are now too big to fail
This time it’s the tech giants including Google, Amazon and Microsoft that host a growing mass of bank, insurance and market operations on their vast cloud internet platforms that are keeping watchdogs awake at night.
India smartphone mkt to reach record 173 mn units in 2021: report
In 2020, the Indian market outperformed the North America, Latin America and Africa markets.
”Our outlook for India for the next five years remains positive, keeping in mind its 1.39-billion (and growing) population, upgrade of users from feature phone to smartphone, and future emergence of new use cases. The market is set to cross the 200-million mark in the next couple of years,” Counterpoint said.
China passes sweeping data privacy law, toughens regulation on tech companies
Xinhua also reported that the law will create stronger regulation of China’s public surveillance system, requiring the disclosure and labelling of hardware used in identifying people in public places. Collected data can only be used for maintaining public safety, the news agency said. China operates a vast network of cameras, backed by advanced facial recognition and AI-driven technology, to control crime but also to check identities in subways, schools and office buildings.
The law also stipulates that companies cannot use personal data to target individuals for marketing, according to state broadcaster CCTV. And firms must provide easy ways for users to opt-out of targeted marketing, reported CNN. CCTV also reported that sensitive personal information — such as biometrics, health care and financial accounts — should only be processed with the individual’s consent.
Indian businesses suffer more cyber attacks with remote working
Despite being over a year into remote working and the possibility of a likely shift to hybrid working models, security remains a key concern for the Indian businesses, the report said, adding that managing security risks is undoubtedly getting more challenging in the country.
For respondents from India, malware (56 per cent) is the leading source of security attacks followed by ransomware (53 per cent), and phishing and credential stuffing (both 43 per cent).
Tokio Marine Insurance hit by ransomware attack in Singapore
“At this time, we can confirm that there is no indication of a breach of any customer information nor confidential information of the group, We have appointed an external specialized vendor to perform a third-party analysis of the systems to verify scope of impact,”” said the group in the statement.
First ‘Made in India’ 3-D printed heart valve developed in Chennai
The currently available artificial heart valves are either made of metal components (mechanical), or from animal tissues (bioprosthetic), each with its own disadvantages or complications, such as the risk of blood clot formation, valve failure due to degeneration, valve infection, the need for long-term blood thinner medications, etc.
The new heart valves developed using 3D printers can overcome these problems related to artificial heart valves, Dr Sanjay Cherian, the Vice President and COO at Frontier Lifeline Hospital, said in a statement.
Study finds older patients with chronic conditions benefit from reading medical appointment notes
As of April 2021, federal law requires US healthcare organizations to provide patients with access to their electronic health records, including outpatient visit notes”Healthcare organizations should work to maximize patient engagement with this newly available health information both through patient portals and through other methods to ensure that patients and the healthcare systems reap the full benefit of this increased transparency,” said M. DesRoches, DrPH, executive director of OpenNotes at BIDMC.
General Motors to replace battery modules for some Bolt electric vehicles after fire risks
The automaker also asked owners to charge their vehicle after each use and avoid depleting the battery below approximately 70 miles of remaining range, where possible, to reduce the risk of a fire. GM said it was still recommending customers park vehicles outside immediately after charging and not leave them charging overnight. It said customers should also seek out the software update issued as part of the initial recall.
Healthtech wearable glucose tracker Ultrahuman raises $17.5 mn
The Ultrahuman Cyborg wearable helps people optimise their exercise and nutrition based on glucose biomarkers, the statement added. “Biomarkers will change how the fitness and the healthcare industry works. By being able to continuously monitor their biomarkers like glucose, users can not only avoid chronic diseases but make lifestyle changes that help them improve their fitness levels for longevity and performance,” said Ultrahuman Founder and CEO Mohit Kumar.