Cloud-related threats remain the foremost worry, cited by 55% of...
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Insurtech firm Zopper raises $25 million in Series D funding round
"The round also saw participation from existing investor Blume...
GIFT IFSC emerging as a global innovative re/insurance market place, says IFSCA chairman
K Rajaraman, chairman, International Financial Services Centre...
Financial services present large opportunity, says Sachin Bansal
”We think that by bringing a consumer tech thought process into the financial services space, it’ll be something new we can try…it could be a large business opportunity”.
Didi shares dive as China unveils new cyber probe after mega IPO
The move is to prevent data security risks, safeguard national security and protect public interest, according to a statement from the Cyberspace Administration of China. Didi has halted new user registrations during the probe. The company, which only started trading on Wednesday in New York after an initial public offering, fell 7% to $15.26.
Cyber laws, rules, and guidance must be workable, risk-based, clear, transparent, and consistently applied across companies and jurisdictions:US Insurers
Insurance is an important economic recovery resource for victims of ransomware attacks. Prohibitions on the reimbursement of legal ransom payments presents potential unintended consequence such as eliminating a meaningful risk management resource.
Insurance policy and underwriting activities should not be misconstrued as cybersecurity risk assessments, which provide the insured with confidence that their security measures are sufficient to avoid or eliminate ransomware attacks.
Insurance is an important economic recovery resource for victims of ransomware attacks. Prohibitions on the reimbursement of legal ransom payments presents potential unintended consequence such as eliminating a meaningful risk management resource.
Like a customer’s decision on how to manage cyber risk, insurers must also be able to determine their risk appetite through careful underwriting and appropriate coverage offerings.
Govt to unveil national cyber security strategy soon: National Cyber Security Coordinator
”The vision of this strategy is to ensure safe, secure, resilient, vibrant, and trusted cyberspace,”National Cyber Security Coordinator Rajesh Pant said.
A massive ransomware attack has hit more than 1,000 companies
The impact of the attack is only beginning to come to light. In Sweden, a majority of grocery chain Coop’s more than 800 stores couldn’t open on Saturday after the attack led to a malfunction of their cash registers, spokesperson Therese Knapp told Bloomberg News.
There are victims in 11 countries so far, according to research published by cybersecurity firm ESET.
The hackers were identified as the Russia-linked ransomware group REvil, which was accused last month of hacking giant meatpacker JBS SA.
70 lakh consultations completed on telemedicine platform eSanjeevani: Govt
In June, it served around 12.5 lakh patients, the highest since the service was launched last year amid the coronavirus pandemic, the health ministry said in the statement.
Big Tech’s push into India’s financial sector raises concerns, says central bank
The RBI said concerns included operational risks, too-big-to fail issues, challenges for antitrust rules, cybersecurity and data privacy. But it added that positive outcomes could include efficiency gains and more access to financial services.
The central bank’s warnings come at a time of much tension between the Indian government and U.S. tech giants over issues that range from e-commerce rules to data privacy and content posted on their platforms. Amazon, Facebook, Facebook-owned WhatsApp and Twitter have all been caught up in disputes with New Delhi.
Delhi’s cloud-based health project likely to be out by March next year: CM
Under one of the most ambitious health projects of the Delhi government, health cards will be issued in the names of all the residents of Delhi, for which special surveys will be conducted by the government. This will ensure the availability of the benefits of the government healthcare services to every resident of Delhi. Post the issuing, the e-health card will be integrated with the HIMS.
The system seeks to target the healthcare delivery process. All the patient care services, hospital administration, budgeting and planning, supply chain management, and backend services and processes will be brought under the system.
Data, demographic dividend present huge opportunity; this decade to be ‘India’s techade’: PM
He cited an example of how Digilocker has helped millions of people especially during the pandemic by providing a digital storage facility for school certificates, medical documents and other important certificates.
Modi highlighted that 2.5 lakh CSCs had helped take the Internet to remote areas. Under Bharat Net scheme, work is underway on a mission mode to bring broadband internet to the villages.
Jeff Bezos picks female aerospace pioneer to launch with him
At age 82, Funk will become the oldest person to launch into space. She’ll beat the late John Glenn, who set a record at age 77 when flying aboard space shuttle Discovery in 1998.“No one has waited longer,” Bezos said via Instagram. “It’s time. Welcome to the crew, Wally. We’re excited to have you fly with us on July 20th as our honored guest.”